3605 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823430163

Property Overview

Parcel ID0602823430163

Lot Size5,394 sq ft (0.124 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerASZANI STODDARD

Assessed Value$313,000

Land Value$146,000

Building Value$167,000

Annual Tax$4,587

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $10K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Closed

WOODLAND STOVES & FIREPLACES

ResJun 2025Inspection

Erik Nelson Plumbing LLC

MiscSep 2021Closed

$10K

True North Roofing LLC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ExistresJun 2018Closed

Home Energy Center Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Howe · 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

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~2,829 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 2,829 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
3601 40TH AVE S MINNEAPOLIS MN 55406	MARY FAITH KIDDER	RESIDENTIAL	$358,300	40 ft
3609 40TH AVE S MINNEAPOLIS MN 55406	E LIU & M R SWANSON REV TRST	RESIDENTIAL	$770,800	42 ft
3615 40TH AVE S MINNEAPOLIS MN 55406	M & J PELLINGER	RESIDENTIAL	$348,500	84 ft
3617 40TH AVE S MINNEAPOLIS MN 55406	JACOB D HOLM	RESIDENTIAL	$324,000	126 ft
3604 41ST AVE S MINNEAPOLIS MN 55406	W N WILSON & L E NAUSNER	RESIDENTIAL	$286,600	142 ft
3600 41ST AVE S MINNEAPOLIS MN 55406	C STRATTON & S KUNDROD	RESIDENTIAL	$349,600	148 ft
3608 41ST AVE S MINNEAPOLIS MN 55406	S R BOHNHOFF/GEORGE B CUCCIA	RESIDENTIAL	$319,000	148 ft
3549 40TH AVE S MINNEAPOLIS MN 55406	KAREN ONKEN & JOHN ONKEN	RESIDENTIAL	$646,000	157 ft
3612 41ST AVE S MINNEAPOLIS MN 55406	C A AVILA & E H AVILA	RESIDENTIAL	$349,700	164 ft
3621 40TH AVE S MINNEAPOLIS MN 55406	RONALD HEICHERT	RESIDENTIAL	$314,900	168 ft

Property History

Most Recent Sale

Date201106

Price$174,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,587