3446 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823420072

Property Overview

Parcel ID0602823420072

Lot Size5,144 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1960

Property ClassRESIDENTIAL

OwnerKURT LILJEQUIST

Assessed Value$342,200

Land Value$142,000

Building Value$200,200

Annual Tax$5,076

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $57K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$17K

Gopher Roofing and Restoration Inc

MiscFeb 2021Closed

$3K

PELLA NORTHLAND

MiscNov 2020Closed

$20K

PELLA NORTHLAND

ResFeb 2020Closed

CenterPoint Energy Resource Corp

AccessoryApr 2019Closed

$17K

SUSSEL CORP

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 width30 ft

Buildable depth89 ft

Area~2,657 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 2,657 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3450 40TH AVE S MINNEAPOLIS MN 55406	J & B HENDERSON	RESIDENTIAL	$366,600	38 ft
3442 40TH AVE S MINNEAPOLIS MN 55406	BARBARA JUNE LOWELL TRUST	RESIDENTIAL	$285,300	40 ft
3438 40TH AVE S MINNEAPOLIS MN 55406	L M O NELSON & V E O NELSON	RESIDENTIAL	$332,000	80 ft
3434 40TH AVE S MINNEAPOLIS MN 55406	THOMAS J RUSSELL	RESIDENTIAL	$264,000	120 ft
3500 40TH AVE S MINNEAPOLIS MN 55406	CROLLEY UNDERWOOD REV LIV TR	RESIDENTIAL	$344,600	136 ft
3451 39TH AVE S MINNEAPOLIS MN 55406	L J CRUMLY/C CRUMLY/E CRUMLY	RESIDENTIAL	$327,000	143 ft
3445 39TH AVE S MINNEAPOLIS MN 55406	M COLLIER & I HARDING	RESIDENTIAL	$347,100	148 ft
3430 40TH AVE S MINNEAPOLIS MN 55406	MORROW RIEMERMANN LIVING TR	RESIDENTIAL	$294,900	160 ft
3441 39TH AVE S MINNEAPOLIS MN 55406	THOMAS S PULAK	RESIDENTIAL	$301,800	163 ft
3504 40TH AVE S MINNEAPOLIS MN 55406	J M WEDLUND & R A WEDLUND	RESIDENTIAL	$340,700	175 ft

Property History

Most Recent Sale

Date201409

Price$187,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,076