4054 39TH AVE S MINNEAPOLIS MN 55406

PID: 0702823130103

Property Overview

Parcel ID0702823130103

Lot Size5,142 sq ft (0.118 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerB W DOWNEY & S C DOWNEY

Assessed Value$243,000

Land Value$142,000

Building Value$101,000

Annual Tax$3,415

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $10K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$10K

LEGACY RESTORATION LLC

ExistresSep 2023Expired

TEAM MECHANICAL INC

ResAug 2023Closed

CenterPoint Energy Resource Corp

ExistresApr 2021Closed

CENTERPOINT ENERGY

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

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~2,390 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 2,390 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
4050 39TH AVE S MINNEAPOLIS MN 55406	J S SELLMAN & C E CARR	RESIDENTIAL	$321,000	40 ft
4046 39TH AVE S MINNEAPOLIS MN 55406	E ACHRAZOGLOU & K ELLIS	RESIDENTIAL	$385,300	80 ft
4100 39TH AVE S MINNEAPOLIS MN 55406	KATHRYN CUTHBERT	RESIDENTIAL	$312,000	118 ft
4042 39TH AVE S MINNEAPOLIS MN 55406	JOHN I GOETTL	RESIDENTIAL-TWO UNIT	$382,300	120 ft
3813 41ST ST E MINNEAPOLIS MN 55406	LINDA K MILLHOUSE	RESIDENTIAL	$288,900	124 ft
4055 38TH AVE S MINNEAPOLIS MN 55406	CATHERINE MARY POWELL	RESIDENTIAL	$219,300	142 ft
4051 38TH AVE S MINNEAPOLIS MN 55406	SHARON K CAMPBELL	RESIDENTIAL	$212,800	147 ft
4038 39TH AVE S MINNEAPOLIS MN 55406	THOMAS S HOFFMAN	RESIDENTIAL	$253,200	160 ft
4047 38TH AVE S MINNEAPOLIS MN 55406	SHAWN HUSTON	RESIDENTIAL	$280,100	162 ft
4106 39TH AVE S MINNEAPOLIS MN 55406	T D HALL & S L STANLEY	RESIDENTIAL	$271,100	172 ft

Property History

Most Recent Sale

Date199810

Price$89,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,415