3345 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823130225

Property Overview

Parcel ID0602823130225

Lot Size5,033 sq ft (0.116 ac)

Lot Dimensions (est.)128 ft wide × 39 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerLIEBERMAN TRUST

Assessed Value$378,500

Land Value$140,000

Building Value$238,500

Annual Tax$5,684

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $30K total declared value · Most recent: Dec 2023 (existres)

ExistresDec 2023Closed

Standard Heating and Air Conditioning Inc

ResDec 2023Expired

Norblom Plumbing Co

MiscDec 2023Closed

$10K

KAUFMAN SHEET METAL ROOFING INC

ResAug 2019Closed

Warners Stellian Co Inc

ExistresJul 2018Closed

$20K

BOEHM HEATING

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width29 ft

Buildable depth89 ft

Area~2,581 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,581 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3349 40TH AVE S MINNEAPOLIS MN 55406	G W NELSON & C A MATSON	RESIDENTIAL	$337,000	39 ft
3341 40TH AVE S MINNEAPOLIS MN 55406	R S MCGLASSON/A D MCGLASSON	RESIDENTIAL	$326,000	39 ft
3353 40TH AVE S MINNEAPOLIS MN 55406	SHEA HANSON & BLAKE HANSON	RESIDENTIAL-TWO UNIT	$470,600	78 ft
3339 40TH AVE S MINNEAPOLIS MN 55406	ROXANNE TRUEN	RESIDENTIAL	$294,300	78 ft
4010 34TH ST E MINNEAPOLIS MN 55406	DAVID P & KERIN K SOUSTER	RESIDENTIAL	$344,800	117 ft
3335 40TH AVE S MINNEAPOLIS MN 55406	LAURA SILVER	RESIDENTIAL	$275,000	117 ft
3346 41ST AVE S MINNEAPOLIS MN 55406	S K LARUE & E G THOMSEN	RESIDENTIAL	$325,000	142 ft
3350 41ST AVE S MINNEAPOLIS MN 55406	RICHARD J KERN	RESIDENTIAL-TWO UNIT	$427,300	147 ft
3342 41ST AVE S MINNEAPOLIS MN 55406	SCOTT KREIN & BOBBIE NESS	RESIDENTIAL	$315,000	148 ft
3331 40TH AVE S MINNEAPOLIS MN 55406	D FELDMAN & G A FELDMAN	RESIDENTIAL	$365,300	157 ft

Property History

Current Tax Year

Year2026

Tax Due$5,684