3412 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823420062

Property Overview

Parcel ID0602823420062

Lot Size5,036 sq ft (0.116 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerSARAH B KEUPER

Assessed Value$334,500

Land Value$140,000

Building Value$194,500

Annual Tax$4,948

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $21K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$11K

Mayday Restoration

ExistresMay 2023Closed

Mike's Custom Mechanical Inc

ResFeb 2020Closed

CenterPoint Energy Resource Corp

MiscApr 2019Closed

$4K

CRAFTSMEN HOME IMPROVEMENT INC

RemodelNov 2018Closed

$6K

COMPLETE BASEMENT SYSTEMS

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

Neighborhood Profile

Howe · Minneapolis

Median reported rent1,217/mo

Renter-occupied9.9%

Median home value$292K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1089

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~2,583 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 2,583 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
3408 40TH AVE S MINNEAPOLIS MN 55406	STEVEN J BAUER/ELLEN LINMAN	RESIDENTIAL	$367,000	39 ft
3416 40TH AVE S MINNEAPOLIS MN 55406	PATRICIA R WARREN-CASEY	RESIDENTIAL	$356,800	39 ft
3420 40TH AVE S MINNEAPOLIS MN 55406	SHANNON MCNAMARA	RESIDENTIAL	$298,100	77 ft
3404 40TH AVE S MINNEAPOLIS MN 55406	M T HARTFORD & K E MACINTYRE	RESIDENTIAL	$378,900	78 ft
3424 40TH AVE S MINNEAPOLIS MN 55406	THOMAS WALSH/DANIELLE WALSH	RESIDENTIAL	$382,400	115 ft
3400 40TH AVE S MINNEAPOLIS MN 55406	BARBARA J NUTTALL	RESIDENTIAL	$363,700	117 ft
3411 39TH AVE S MINNEAPOLIS MN 55406	J D GUBERNICK/C M BROWNRIGG	RESIDENTIAL	$283,000	142 ft
3409 39TH AVE S MINNEAPOLIS MN 55406	STEVEN IVERSON	RESIDENTIAL	$269,700	147 ft
3415 39TH AVE S MINNEAPOLIS MN 55406	PATRICK GIBBONS-PETERSON	RESIDENTIAL	$398,900	148 ft
3426 40TH AVE S MINNEAPOLIS MN 55406	STEVE A WESTERLUND ETAL	RESIDENTIAL	$312,800	154 ft

Property History

Most Recent Sale

Date200106

Price$165,300

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,948