4840 42ND ST E MINNEAPOLIS MN 55406

PID: 0802823230133

Property Overview

Parcel ID0802823230133

Lot Size8,895 sq ft (0.204 ac)

Lot Dimensions (est.)60 ft wide × 148 ft deep

Year Built1964

Property ClassRESIDENTIAL

OwnerW F & M D LEEBAW

Assessed Value$688,100

Land Value$381,000

Building Value$307,100

Annual Tax$11,959

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $9K total declared value · Most recent: Nov 2025 (res)

ResNov 2025Closed

Dean's Professional Plumbing Inc

ExistresApr 2021Closed

NORTHERNS ONE HOUR HEATING AND AIR CONDITIONING

MiscAug 2020Closed

$9K

HOFFMAN WEBER CONSTRUCTION INC

ResMay 2020Closed

Norblom Plumbing Co

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

Neighborhood Profile

Hiawatha · Minneapolis

Median reported rent1,554/mo

Renter-occupied38.8%

Median home value$306K

Vacancy rate5.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1105

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 width50 ft

Buildable depth108 ft

Area~5,405 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 5,405 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4834 42ND ST E MINNEAPOLIS MN 55406	R & J TUTTLE	RESIDENTIAL	$536,800	61 ft
4188 LENA SMITH BLVD MINNEAPOLIS MN 55406	N R OXENDALE & S A OXENDALE	RESIDENTIAL	$870,000	75 ft
4180 LENA SMITH BLVD MINNEAPOLIS MN 55406	E PETERSEN & ERIC PETERSEN	RESIDENTIAL	$693,400	113 ft
4171 COFFMAN LA MINNEAPOLIS MN 55406	R A JOHNSON/SABINE P JOHNSON	RESIDENTIAL	$576,000	129 ft
4165 COFFMAN LA MINNEAPOLIS MN 55406	T L ERICKSON & C S ERICKSON	RESIDENTIAL	$777,500	141 ft
4824 42ND ST E MINNEAPOLIS MN 55406	JEYAMALAR PAUL REVOC TRUST	RESIDENTIAL	$602,000	143 ft
4170 LENA SMITH BLVD MINNEAPOLIS MN 55406	D EIJADI & B EIJADI	RESIDENTIAL	$921,000	169 ft
4159 COFFMAN LA MINNEAPOLIS MN 55406	CLAY COLLINS & H A HAMZAWALA	RESIDENTIAL	$655,800	179 ft
4153 COFFMAN LA MINNEAPOLIS MN 55406	J SCHLEH & R STANICH	RESIDENTIAL	$668,700	225 ft
4164 LENA SMITH BLVD MINNEAPOLIS MN 55406	B HAUKEDAHL & A HAUKEDAHL	RESIDENTIAL	$1,614,500	252 ft

Property History

Most Recent Sale

Date201306

Price$457,730

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,959