4054 41ST AVE S MINNEAPOLIS MN 55406

PID: 0702823130044

Property Overview

Parcel ID0702823130044

Lot Size5,143 sq ft (0.118 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerD W PETERSON & S A PETERSON

Assessed Value$368,300

Land Value$142,000

Building Value$226,300

Annual Tax$5,513

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2023 · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Hiawatha · 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
4050 41ST AVE S MINNEAPOLIS MN 55406	F & S R RUIZ	RESIDENTIAL	$276,400	40 ft
4046 41ST AVE S MINNEAPOLIS MN 55406	LAURA R DREW	RESIDENTIAL	$351,000	80 ft
4100 41ST AVE S MINNEAPOLIS MN 55406	JACOB NATHANIEL MRAZ	RESIDENTIAL	$292,600	100 ft
4042 41ST AVE S MINNEAPOLIS MN 55406	O N FINSTER & J S FOSTER	RESIDENTIAL	$330,200	120 ft
4104 41ST AVE S MINNEAPOLIS MN 55406	J SHELDON & K PULKRABEK	RESIDENTIAL	$417,500	136 ft
4057 40TH AVE S MINNEAPOLIS MN 55406	DAVID J HALE	RESIDENTIAL	$239,800	142 ft
4051 40TH AVE S MINNEAPOLIS MN 55406	C WEDDING & N J NWUDU	RESIDENTIAL	$797,800	147 ft
4038 41ST AVE S MINNEAPOLIS MN 55406	M S SNELL & K F ELWELL	RESIDENTIAL	$364,200	160 ft
4047 40TH AVE S MINNEAPOLIS MN 55406	CYNTHIA LYNN GENTLING	RESIDENTIAL	$273,000	162 ft
4106 41ST AVE S MINNEAPOLIS MN 55406	NICHOLAS DAVIS/JACINDA DAVIS	RESIDENTIAL	$354,100	172 ft

Property History

Most Recent Sale

Date198607

Price$62,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,513