3327 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823130230

Property Overview

Parcel ID0602823130230

Lot Size5,031 sq ft (0.116 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerO E ECHELARD & M W JELLISON

Assessed Value$397,600

Land Value$140,000

Building Value$257,600

Annual Tax$6,214

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2019 · $39K total declared value · Most recent: Aug 2024 (res)

ResAug 2024Closed

Water Heaters Now Inc

ExistresJul 2024Closed

STAFFORD HOME SERVICE

AdditionMay 2024Closed

$9K

ALL ENERGY SOLAR INC

MiscApr 2023Closed

$14K

PERFECT EXTERIORS OF MINNESOTA INC

MiscMar 2023Closed

$12K

PERFECT EXTERIORS OF MINNESOTA INC

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~2,579 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 2,579 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3331 40TH AVE S MINNEAPOLIS MN 55406	D FELDMAN & G A FELDMAN	RESIDENTIAL	$365,300	39 ft
3321 40TH AVE S MINNEAPOLIS MN 55406	JEANNIE ANTONIA HERMAN	RESIDENTIAL	$383,400	39 ft
3335 40TH AVE S MINNEAPOLIS MN 55406	LAURA SILVER	RESIDENTIAL	$275,000	78 ft
3317 40TH AVE S MINNEAPOLIS MN 55406	CHRISTINE K BOESE	RESIDENTIAL	$319,700	78 ft
3339 40TH AVE S MINNEAPOLIS MN 55406	ROXANNE TRUEN	RESIDENTIAL	$294,300	117 ft
3313 40TH AVE S MINNEAPOLIS MN 55406	J R CONKLIN & L L CONKLIN	RESIDENTIAL	$337,100	117 ft
3324 41ST AVE S MINNEAPOLIS MN 55406	A G BREZINA/W W BREZINA	RESIDENTIAL	$319,700	142 ft
3322 41ST AVE S MINNEAPOLIS MN 55406	PADRAIC BRENNAN	RESIDENTIAL-TWO UNIT	$383,300	147 ft
3330 41ST AVE S MINNEAPOLIS MN 55406	DOUGLAS HARLAN GJERDE	RESIDENTIAL	$332,000	147 ft
3341 40TH AVE S MINNEAPOLIS MN 55406	R S MCGLASSON/A D MCGLASSON	RESIDENTIAL	$326,000	157 ft

Property History

Most Recent Sale

Date202001

Price$290,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,214