3956 40TH AVE S MINNEAPOLIS MN 55406

PID: 0702823120160

Property Overview

Parcel ID0702823120160

Lot Size5,141 sq ft (0.118 ac)

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

Year Built1929

Property ClassRESIDENTIAL

OwnerTRAVIS YANO & KIMBERLY CASEY

Assessed Value$407,400

Land Value$142,000

Building Value$265,400

Annual Tax$6,168

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $2K total declared value · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

MiscSep 2022Closed

$2K

STOLTZ INSTALLATION AND CARPENTRY CO

ResDec 2021Closed

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

Estimated · verify frontage

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~8 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 8 sqft buildable area.

Est. units

Yield on cost

7.0%

Spread

+1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3952 40TH AVE S MINNEAPOLIS MN 55406	DANIELLE MALONE	RESIDENTIAL	$322,900	40 ft
3948 40TH AVE S MINNEAPOLIS MN 55406	FANA ABRAHAM	RESIDENTIAL	$269,500	80 ft
3944 40TH AVE S MINNEAPOLIS MN 55406	K W HUESER & M M HUESER	RESIDENTIAL	$394,400	120 ft
4000 40TH AVE S MINNEAPOLIS MN 55406	K IUNGERMAN & M LEHNERTZ	RESIDENTIAL	$269,800	120 ft
3955 39TH AVE S MINNEAPOLIS MN 55406	DENISE M LYNCH	RESIDENTIAL	$274,500	142 ft
3953 39TH AVE S MINNEAPOLIS MN 55406	NATHAN SCHADE	RESIDENTIAL	$299,700	147 ft
4004 40TH AVE S MINNEAPOLIS MN 55406	KATHRYN M HAMEL	RESIDENTIAL	$289,300	156 ft
3940 40TH AVE S MINNEAPOLIS MN 55406	M KHALIF & F HUSSEIN	RESIDENTIAL	$274,100	160 ft
3949 39TH AVE S MINNEAPOLIS MN 55406	THRESSA ISOBEL JOHNSON	RESIDENTIAL	$258,100	162 ft
3945 39TH AVE S MINNEAPOLIS MN 55406	K J FLADEBOE & D A FLADEBOE	RESIDENTIAL	$687,100	185 ft

Property History

Most Recent Sale

Date201005

Price$272,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,168