3940 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823220062

Property Overview

Parcel ID0702823220062

Lot Size6,009 sq ft (0.138 ac)

Lot Dimensions (est.)151 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerD & J MADAY

Assessed Value$177,400

Land Value$106,000

Building Value$71,400

Annual Tax$2,460

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2021 · Most recent: Nov 2021 (res)

ResNov 2021Closed

SODERLIN PLUMBING HEATING AND AIR

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width141 ft

Buildable depth0 ft

Area~3,306 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 small multifamily (2–4 units, wood frame) benchmarks for 3,306 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3936 SNELLING AVE MINNEAPOLIS MN 55406	RAYMOND LEE PAHL	RESIDENTIAL	$278,500	40 ft
3944 SNELLING AVE MINNEAPOLIS MN 55406	MYRNA CAMPBELL	RESIDENTIAL	$209,000	40 ft
3932 SNELLING AVE MINNEAPOLIS MN 55406	ASHLEY KIM/COREY JOSEPH BARR	RESIDENTIAL	$263,200	80 ft
3948 SNELLING AVE MINNEAPOLIS MN 55406	MELVIN E DAVIS/FELICIA DAVIS	RESIDENTIAL	$289,900	80 ft
3928 SNELLING AVE MINNEAPOLIS MN 55406	JOYCE FLANDERS	RESIDENTIAL	$255,700	120 ft
3952 SNELLING AVE MINNEAPOLIS MN 55406	ZULEYKA MARQUEZ	RESIDENTIAL	$263,100	120 ft
3956 SNELLING AVE MINNEAPOLIS MN 55406	AHMED JAMA	RESIDENTIAL	$302,700	159 ft
3924 SNELLING AVE MINNEAPOLIS MN 55406	JENNIFER ANDERSON	RESIDENTIAL	$261,100	160 ft
3920 SNELLING AVE MINNEAPOLIS MN 55406	TRENTON BARTHOLF	RESIDENTIAL	$313,200	200 ft
3962 SNELLING AVE MINNEAPOLIS MN 55406	JOSE ANTONIO MONROY ROJAS	RESIDENTIAL	$195,500	203 ft

Property History

Current Tax Year

Year2026

Tax Due$2,460