3716 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823430056

Property Overview

Parcel ID0602823430056

Lot Size6,654 sq ft (0.153 ac)

Lot Dimensions (est.)129 ft wide × 52 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerG V DANA & D G MCCONVILLE

Assessed Value$470,400

Land Value$158,000

Building Value$312,400

Annual Tax$7,223

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2020 · $350K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

4Front Energy Solutions Inc

MiscMar 2024Closed

$43K

KAUFMAN SHEET METAL ROOFING INC

ResJul 2022Closed

WOODLAND STOVES & FIREPLACES

AdditionJun 2022Closed

$2K

JC Miller and Sons Inc

ResSep 2021Closed

First Class Plumbing & Heating LLC

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 width41 ft

Buildable depth90 ft

Area~3,702 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 3,702 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3712 40TH AVE S MINNEAPOLIS MN 55406	S & L KOMAR	RESIDENTIAL	$359,800	51 ft
3720 40TH AVE S MINNEAPOLIS MN 55406	JOSHUA ELLENS/CARMEN ELLENS	RESIDENTIAL	$315,100	51 ft
3708 40TH AVE S MINNEAPOLIS MN 55406	GARRY D CLUM JR	RESIDENTIAL	$334,900	103 ft
3724 40TH AVE S MINNEAPOLIS MN 55406	K R HONL & K N STUENKEL	RESIDENTIAL	$307,200	103 ft
3717 39TH AVE S MINNEAPOLIS MN 55406	CATHLEEN BOSSI	RESIDENTIAL-TWO UNIT	$499,500	141 ft
3715 39TH AVE S MINNEAPOLIS MN 55406	AMY L KETTERLING	RESIDENTIAL	$271,500	150 ft
3721 39TH AVE S MINNEAPOLIS MN 55406	NANCY WOJACK HENDRICKSON	RESIDENTIAL	$392,800	151 ft
3704 40TH AVE S MINNEAPOLIS MN 55406	K C & C J STENZEL	RESIDENTIAL	$453,100	154 ft
3728 40TH AVE S MINNEAPOLIS MN 55406	JANE S THOMPSON	RESIDENTIAL	$366,100	154 ft
3709 39TH AVE S MINNEAPOLIS MN 55406	STEVEN STILWELL & J STILWELL	RESIDENTIAL	$390,800	173 ft

Property History

Most Recent Sale

Date202102

Price$293,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,223