3118 41ST ST E MINNEAPOLIS MN 55406

PID: 0702823230096

Property Overview

Parcel ID0702823230096

Lot Size4,258 sq ft (0.098 ac)

Lot Dimensions (est.)34 ft wide × 125 ft deep

Year Built2000

Property ClassTOWNHOUSE

OwnerBRUCE E & LORI M CHERNE

Assessed Value$360,600

Land Value$86,000

Building Value$274,600

Annual Tax$5,364

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 2000 · $300K total declared value · Most recent: Apr 2000 (binb)

BinbApr 2000

$300K

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

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

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 width24 ft

Buildable depth85 ft

Area~2,047 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 2,047 sqft buildable area.

Est. units

Yield on cost

1.8%

Spread

-3.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3116 41ST ST E MINNEAPOLIS MN 55406	YIHEYIS WOLDESELLASSIE	TOWNHOUSE	$378,800	34 ft
3120 41ST ST E MINNEAPOLIS MN 55406	JACOBO BRIONES CUATE	TOWNHOUSE	$356,300	53 ft
3114 41ST ST E MINNEAPOLIS MN 55406	SATAIL AVEI TAILIN	TOWNHOUSE	$349,900	74 ft
3115 40TH ST E MINNEAPOLIS MN 55406	M B STEWART & M CUTLER	TOWNHOUSE	$326,400	107 ft
3113 40TH ST E MINNEAPOLIS MN 55406	JENO A FAYISSA	TOWNHOUSE	$330,600	134 ft
4100 32ND AVE S MINNEAPOLIS MN 55406	AYANA PETERSEN	RESIDENTIAL	$340,200	145 ft
4051 31ST AVE S MINNEAPOLIS MN 55406	CALEB STEVEN	RESIDENTIAL	$292,200	179 ft
4047 31ST AVE S MINNEAPOLIS MN 55406	31ST AVENUE PROPERTY LLC	VACANT LAND-RESIDENTIAL	$127,000	182 ft
4104 32ND AVE S MINNEAPOLIS MN 55406	LEROY G BOHLIN	RESIDENTIAL	$283,900	184 ft
4057 31ST AVE S MINNEAPOLIS MN 55406	LAURIE GOEKEN	RESIDENTIAL	$276,900	185 ft

Property History

Most Recent Sale

Date200008

Price$177,740

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,364