3656 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823430019

Property Overview

Parcel ID0602823430019

Lot Size5,392 sq ft (0.124 ac)

Lot Dimensions (est.)128 ft wide × 42 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerF & K ANDERSON REV LIVING TR

Assessed Value$350,000

Land Value$146,000

Building Value$204,000

Annual Tax$5,208

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2020 · $50K total declared value · Most recent: Nov 2025 (misc)

MiscNov 2025Closed

$26K

Peak Builders LLC

ResJul 2023Closed

ED BROWN PLUMBING LLC

RemodelJul 2023Closed

$8K

Homestead Remodeling & Consulting

ExistresMay 2023Closed

K & S Heating Air Conditioning & Plumbing Inc

MiscJun 2022Closed

$4K

CRAFTSMEN HOME IMPROVEMENT INC

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 width32 ft

Buildable depth88 ft

Area~2,828 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 2,828 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3660 40TH AVE S MINNEAPOLIS MN 55406	M E FLYNN & M G FLYNN	RESIDENTIAL-TWO UNIT	$509,300	41 ft
3652 40TH AVE S MINNEAPOLIS MN 55406	COREY GASMAN	RESIDENTIAL	$343,500	42 ft
3648 40TH AVE S MINNEAPOLIS MN 55406	BREE DALAGER	RESIDENTIAL	$261,000	84 ft
3644 40TH AVE S MINNEAPOLIS MN 55406	CARLEY MILLER STUBER	RESIDENTIAL	$288,800	126 ft
3657 39TH AVE S MINNEAPOLIS MN 55406	GAIL SARA JACOBSON	RESIDENTIAL	$317,300	142 ft
3653 39TH AVE S MINNEAPOLIS MN 55406	VIKING VENTURES LLC	RESIDENTIAL	$334,300	147 ft
3661 39TH AVE S MINNEAPOLIS MN 55406	KIMBERLY ROSE T-B HEART	RESIDENTIAL	$540,100	148 ft
3700 40TH AVE S MINNEAPOLIS MN 55406	K J GRAUMAN & L J GRAUMAN	RESIDENTIAL	$402,800	153 ft
3649 39TH AVE S MINNEAPOLIS MN 55406	SYLVIE E STANBACK	RESIDENTIAL	$265,800	164 ft
3640 40TH AVE S MINNEAPOLIS MN 55406	MATTHEW PALOMBO/LEAH PALOMBO	RESIDENTIAL	$389,700	168 ft

Property History

Most Recent Sale

Date201906

Price$367,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,208