3900 40TH AVE S MINNEAPOLIS MN 55406

PID: 0702823120147

Property Overview

Parcel ID0702823120147

Lot Size4,361 sq ft (0.100 ac)

Lot Dimensions (est.)128 ft wide × 34 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerGRACE RAASCH/ATTICUS RAASCH

Assessed Value$328,700

Land Value$130,000

Building Value$198,700

Annual Tax$4,850

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2018 · $87K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$44K

DONNELLY STUCCO & EXTERIORS

ResSep 2025Closed

Larsh Plumbing LLC

RemodelJul 2025Closed

$30K

Red Fox Remodeling LLC

ExistresDec 2024Expired

Professional Mechanical Services LLC

MiscSep 2023Closed

$9K

HIGHMARK EXTERIORS 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

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~1,853 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 1,853 sqft buildable area.

Est. units

Yield on cost

1.8%

Spread

-3.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3904 40TH AVE S MINNEAPOLIS MN 55406	JOEL CAREY	RESIDENTIAL	$308,800	36 ft
3908 40TH AVE S MINNEAPOLIS MN 55406	B SCHRAG & J SKJEGSTAD	RESIDENTIAL	$398,700	75 ft
3856 40TH AVE S MINNEAPOLIS MN 55406	MATTHEW WIIG & BETH WIIG	RESIDENTIAL	$335,100	97 ft
3912 40TH AVE S MINNEAPOLIS MN 55406	YEE JEAN WONG/WAI CHING CHAN	RESIDENTIAL	$357,500	115 ft
3852 40TH AVE S MINNEAPOLIS MN 55406	S K BERLIN/K BERLIN ET AL	RESIDENTIAL	$223,000	137 ft
3901 39TH AVE S MINNEAPOLIS MN 55406	GARY LEE FRANCIS HOWARD JR	RESIDENTIAL	$225,300	142 ft
3905 39TH AVE S MINNEAPOLIS MN 55406	D GALLAGHER/J GALLAGHER ETAL	RESIDENTIAL	$325,000	147 ft
3916 40TH AVE S MINNEAPOLIS MN 55406	PATRICIA R TIETZ	RESIDENTIAL	$330,400	155 ft
3909 39TH AVE S MINNEAPOLIS MN 55406	PENELOPE A SMITH	RESIDENTIAL	$321,300	162 ft
3857 39TH AVE S MINNEAPOLIS MN 55406	JAMES R DUNCAN IV	RESIDENTIAL	$302,400	171 ft

Property History

Most Recent Sale

Date202602

Price$415,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,850