4040 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823240090

Property Overview

Parcel ID0702823240090

Lot Size6,024 sq ft (0.138 ac)

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

Year Built1919

Property ClassRESIDENTIAL

OwnerJONATHAN R BOSTROM

Assessed Value$294,000

Land Value$116,000

Building Value$178,000

Annual Tax$4,413

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $17K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

Dean's Professional Plumbing Inc

ResSep 2023Closed

CenterPoint Energy Resource Corp

RemodelAug 2021Closed

$17K

Latitude 45 Design and Renovation Inc

ResMay 2021Closed

All Pride Plumbing Inc

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

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~3,318 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 3,318 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
4036 SNELLING AVE MINNEAPOLIS MN 55406	JOANNA E ROSA	RESIDENTIAL	$295,100	40 ft
4044 SNELLING AVE MINNEAPOLIS MN 55406	ANNIE M CULL REVOC TRUST	RESIDENTIAL	$237,400	40 ft
4032 SNELLING AVE MINNEAPOLIS MN 55406	L PETERSON & K A MULVANEY	RESIDENTIAL	$286,700	80 ft
4048 SNELLING AVE MINNEAPOLIS MN 55406	SHIN ZIE LAI	RESIDENTIAL	$242,800	80 ft
4028 SNELLING AVE MINNEAPOLIS MN 55406	SHIRLEY KAY YEOMAN	RESIDENTIAL	$281,200	120 ft
4052 SNELLING AVE MINNEAPOLIS MN 55406	MARILLIZET KOLB & RON KOLB	RESIDENTIAL	$236,100	120 ft
4024 SNELLING AVE MINNEAPOLIS MN 55406	M CRAMER & A CRAMER	RESIDENTIAL	$202,000	160 ft
3404 41ST ST E MINNEAPOLIS MN 55406	S A MITCHELL & L A MITCHELL	RESIDENTIAL	$414,300	168 ft
3412 41ST ST E MINNEAPOLIS MN 55406	LAURIE ANN CIRIVELLO	RESIDENTIAL	$211,200	192 ft
4020 SNELLING AVE MINNEAPOLIS MN 55406	CAROL B & JAMES R HOVERMAN	RESIDENTIAL	$262,200	200 ft

Property History

Most Recent Sale

Date202109

Price$285,800

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,413