4115 40TH AVE S MINNEAPOLIS MN 55406

PID: 0702823130198

Property Overview

Parcel ID0702823130198

Lot Size5,124 sq ft (0.118 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerDAVID A GELLERMAN

Assessed Value$277,600

Land Value$141,000

Building Value$136,600

Annual Tax$3,994

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $14K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Closed

Urban Pine Plumbing and Mechanical Inc

MiscNov 2023Closed

$14K

AMERICAN BUILDING CONTRACTORS INC

ResJul 2023Closed

CenterPoint Energy Resource Corp

ResAug 2021Closed

MN Plumbing & Home Services INC

ExistresSep 2019Closed

Hoffman Refrigeration and Heating Ltd

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,642 sqft

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 2,642 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4119 40TH AVE S MINNEAPOLIS MN 55406	MARY FORTE	RESIDENTIAL	$292,100	40 ft
4111 40TH AVE S MINNEAPOLIS MN 55406	M FRIESEN & B ROHLFING	RESIDENTIAL	$307,700	40 ft
4123 40TH AVE S MINNEAPOLIS MN 55406	KATSUNORI TODA & YOKO TODA	RESIDENTIAL	$693,000	80 ft
4107 40TH AVE S MINNEAPOLIS MN 55406	CHRISTOPHER J GORING	RESIDENTIAL	$343,300	80 ft
4127 40TH AVE S MINNEAPOLIS MN 55406	KWONGMAN LOUIE	RESIDENTIAL	$685,000	120 ft
4103 40TH AVE S MINNEAPOLIS MN 55406	T E OHARA & M K OHARA	RESIDENTIAL	$328,900	136 ft
4114 41ST AVE S MINNEAPOLIS MN 55406	T P JOHNSON & E K MARASCO	RESIDENTIAL	$325,300	142 ft
4118 41ST AVE S MINNEAPOLIS MN 55406	P M WERLE & E Y HOYT-WERLE	RESIDENTIAL	$330,300	147 ft
4110 41ST AVE S MINNEAPOLIS MN 55406	RYAN MATTKE & CORI MATTKE	RESIDENTIAL	$380,400	148 ft
4131 40TH AVE S MINNEAPOLIS MN 55406	NANCY LUTZ REV LIV TRUST	RESIDENTIAL	$341,300	160 ft

Property History

Most Recent Sale

Date199010

Price$72,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,994