3728 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823430059

Property Overview

Parcel ID0602823430059

Lot Size6,653 sq ft (0.153 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerJANE S THOMPSON

Assessed Value$366,100

Land Value$158,000

Building Value$208,100

Annual Tax$5,476

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width41 ft

Buildable depth90 ft

Area~3,701 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 3-story wood frame (5–12 units) benchmarks for 3,701 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3724 40TH AVE S MINNEAPOLIS MN 55406	K R HONL & K N STUENKEL	RESIDENTIAL	$307,200	51 ft
3734 40TH AVE S MINNEAPOLIS MN 55406	T A BUSKIRK & J K BUSKIRK	RESIDENTIAL	$292,200	56 ft
3720 40TH AVE S MINNEAPOLIS MN 55406	JOSHUA ELLENS/CARMEN ELLENS	RESIDENTIAL	$315,100	103 ft
3736 40TH AVE S MINNEAPOLIS MN 55406	ANGELA WELDON/WALTER RAPACZ	RESIDENTIAL	$304,000	108 ft
3729 39TH AVE S MINNEAPOLIS MN 55406	SCOTT M NEFF & LORI C NEFF	RESIDENTIAL	$372,900	141 ft
3725 39TH AVE S MINNEAPOLIS MN 55406	IRINA H CORTEN LIVING TRUST	RESIDENTIAL	$383,600	149 ft
3733 39TH AVE S MINNEAPOLIS MN 55406	CONNOR L HUFF	RESIDENTIAL	$411,400	151 ft
3716 40TH AVE S MINNEAPOLIS MN 55406	G V DANA & D G MCCONVILLE	RESIDENTIAL	$470,400	154 ft
3721 39TH AVE S MINNEAPOLIS MN 55406	NANCY WOJACK HENDRICKSON	RESIDENTIAL	$392,800	173 ft
3737 39TH AVE S MINNEAPOLIS MN 55406	K & D SWANSON	RESIDENTIAL	$379,400	176 ft

Property History

Most Recent Sale

Date199102

Price$83,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,476