3640 42ND AVE S MINNEAPOLIS MN 55406

PID: 0602823430127

Property Overview

Parcel ID0602823430127

Lot Size5,331 sq ft (0.122 ac)

Lot Dimensions (est.)127 ft wide × 42 ft deep

Year Built1952

Property ClassRESIDENTIAL

OwnerH C COLEMAN/T C COLEMAN ETAL

Assessed Value$400,000

Land Value$138,000

Building Value$262,000

Annual Tax$6,045

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

Minneapolis

Median reported rent984/mo

Renter-occupied4.6%

Median home value$373K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1090

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth87 ft

Area~2,781 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 2,781 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
3636 42ND AVE S MINNEAPOLIS MN 55406	K SHERMAN & M SHERMAN	RESIDENTIAL-TWO UNIT	$406,100	42 ft
3644 42ND AVE S MINNEAPOLIS MN 55406	M A HAMMARSTEDT/G R ISAACSON	RESIDENTIAL	$300,900	42 ft
3648 42ND AVE S MINNEAPOLIS MN 55406	DEBRA K AHLSTROM	RESIDENTIAL	$304,400	84 ft
3632 42ND AVE S MINNEAPOLIS MN 55406	JON C FORS	RESIDENTIAL	$434,800	84 ft
3652 42ND AVE S MINNEAPOLIS MN 55406	JULIENE B KLOECKNER	RESIDENTIAL	$285,100	126 ft
3628 42ND AVE S MINNEAPOLIS MN 55406	MEREDITH ANNE KESSLER	RESIDENTIAL	$320,100	126 ft
3641 41ST AVE S MINNEAPOLIS MN 55406	INA E ZIEGLER	RESIDENTIAL	$251,400	140 ft
3637 41ST AVE S MINNEAPOLIS MN 55406	CHRISTOPHER GULDEN	RESIDENTIAL	$214,700	146 ft
3645 41ST AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	147 ft
3633 41ST AVE S MINNEAPOLIS MN 55406	PAUL H PARK	RESIDENTIAL	$719,200	162 ft

Property History

Most Recent Sale

Date202405

Price$348,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,045