3821 40TH AVE S MINNEAPOLIS MN 55406

PID: 0702823120053

Property Overview

Parcel ID0702823120053

Lot Size5,136 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerM WALSH & J LUNDBERG

Assessed Value$423,700

Land Value$141,000

Building Value$282,700

Annual Tax$6,500

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2019 · $60K total declared value · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

MiscMar 2021Closed

$10K

RENEWAL BY ANDERSEN CORP

ExistresApr 2020Closed

MIDWAY VO TECH INC

ResApr 2020Closed

Louie's Plumbing Company

RemodelMar 2020Closed

$45K

Resource Construction LLC

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

Neighborhood Profile

Howe · Minneapolis

Median reported rent1,127/mo

Renter-occupied37.3%

Median home value$308K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1104

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 width30 ft

Buildable depth88 ft

Area~2,651 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 2,651 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3827 40TH AVE S MINNEAPOLIS MN 55406	MOLLY STYBA	RESIDENTIAL	$352,700	40 ft
3817 40TH AVE S MINNEAPOLIS MN 55406	E D SCHNEIDER & N SCHNEIDER	RESIDENTIAL	$374,200	40 ft
3829 40TH AVE S MINNEAPOLIS MN 55406	A M MCCRACKEN/A C MCCRACKEN	RESIDENTIAL	$397,800	80 ft
3815 40TH AVE S MINNEAPOLIS MN 55406	T O MEYER & K P WALSH	RESIDENTIAL	$334,000	80 ft
3833 40TH AVE S MINNEAPOLIS MN 55406	MARILYN J MORRIS ET AL	RESIDENTIAL	$356,000	125 ft
3809 40TH AVE S MINNEAPOLIS MN 55406	R L MCKINZIE & J H MCKINZIE	RESIDENTIAL	$253,600	130 ft
3820 41ST AVE S MINNEAPOLIS MN 55406	WILLIAM ECKENRODE	RESIDENTIAL	$349,500	142 ft
3824 41ST AVE S MINNEAPOLIS MN 55406	D N COOKE & A E NOVITSKE	RESIDENTIAL	$384,100	147 ft
3816 41ST AVE S MINNEAPOLIS MN 55406	DOUGLAS A HOLLIE III	RESIDENTIAL	$241,100	148 ft
3828 41ST AVE S MINNEAPOLIS MN 55406	W & S IIJIMA	RESIDENTIAL	$227,400	162 ft

Property History

Most Recent Sale

Date202009

Price$432,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,500