3856 40TH AVE S MINNEAPOLIS MN 55406

PID: 0702823120072

Property Overview

Parcel ID0702823120072

Lot Size5,139 sq ft (0.118 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerMATTHEW WIIG & BETH WIIG

Assessed Value$335,100

Land Value$142,000

Building Value$193,100

Annual Tax$4,957

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

ExistresOct 2022Closed

Residential Heating and Air Conditioning Inc

ResSep 2019Closed

MN Plumbing & Home Services INC

ResNov 2017Closed

Warners Stellian Co Inc

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth0 ft

Area~2,388 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 sfr / adu benchmarks for 2,388 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3852 40TH AVE S MINNEAPOLIS MN 55406	S K BERLIN/K BERLIN ET AL	RESIDENTIAL	$223,000	40 ft
3848 40TH AVE S MINNEAPOLIS MN 55406	C A SIKORSKI & G A ROEHSNER	RESIDENTIAL	$270,700	80 ft
3900 40TH AVE S MINNEAPOLIS MN 55406	GRACE RAASCH/ATTICUS RAASCH	RESIDENTIAL	$328,700	97 ft
3844 40TH AVE S MINNEAPOLIS MN 55406	ANDREW B DROWN	RESIDENTIAL	$258,500	120 ft
3904 40TH AVE S MINNEAPOLIS MN 55406	JOEL CAREY	RESIDENTIAL	$308,800	133 ft
3857 39TH AVE S MINNEAPOLIS MN 55406	JAMES R DUNCAN IV	RESIDENTIAL	$302,400	142 ft
3853 39TH AVE S MINNEAPOLIS MN 55406	JAMES R GALLAGHER	RESIDENTIAL	$336,500	147 ft
3840 40TH AVE S MINNEAPOLIS MN 55406	HIRUT DJALETA	RESIDENTIAL	$346,100	160 ft
3849 39TH AVE S MINNEAPOLIS MN 55406	S HEEGAARD & J MULVANEY	RESIDENTIAL	$365,100	162 ft
3901 39TH AVE S MINNEAPOLIS MN 55406	GARY LEE FRANCIS HOWARD JR	RESIDENTIAL	$225,300	172 ft

Property History

Most Recent Sale

Date200705

Price$202,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,957