2618 40TH ST W MINNEAPOLIS MN 55410

PID: 0802824120140

Property Overview

Parcel ID0802824120140

Lot Size7,307 sq ft (0.168 ac)

Lot Dimensions (est.)59 ft wide × 124 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerHANS F LAW TRUST ET AL

Assessed Value$807,300

Land Value$392,000

Building Value$415,300

Annual Tax$13,524

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2000 · $100K total declared value · Most recent: Dec 2024 (existres)

ExistresDec 2024Closed

CENTERPOINT ENERGY

Building Re-inspectionNov 2000

$100K

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

Neighborhood Profile

Linden Hills · Minneapolis

Median reported rent1,434/mo

Renter-occupied58.4%

Median home value$420K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1091

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width46 ft

Buildable depth84 ft

Area~3,864 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 small multifamily (2–4 units, wood frame) benchmarks for 3,864 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2612 40TH ST W MINNEAPOLIS MN 55410	2612 40TH STREET WEST LLC	RESIDENTIAL-TWO UNIT	$727,000	54 ft
3935 THOMAS AVE S MINNEAPOLIS MN 55410	A C JOHNSON/A REIMER JOHNSON	RESIDENTIAL	$1,109,600	99 ft
2608 40TH ST W MINNEAPOLIS MN 55410	EFFENDI ORTIZ-TORO	RESIDENTIAL	$600,000	104 ft
2704 40TH ST W MINNEAPOLIS MN 55410	KEITH R FOX 2010 REVOC TRUST	RESIDENTIAL	$1,194,400	114 ft
3933 THOMAS AVE S MINNEAPOLIS MN 55410	KRISTI K COUSINEAU	RESIDENTIAL	$1,007,000	139 ft
2606 40TH ST W MINNEAPOLIS MN 55410	CHRISTINE F DUFFY TRUST	RESIDENTIAL	$1,401,000	154 ft
2708 40TH ST W MINNEAPOLIS MN 55410	GARY O BENSON FAMILY TRUST	RESIDENTIAL	$1,519,200	168 ft
3932 THOMAS AVE S MINNEAPOLIS MN 55410	KIP JON BRETTINGEN REV TRU	RESIDENTIAL	$787,900	179 ft
3936 SHERIDAN AVE S MINNEAPOLIS MN 55410	C O GLENN & J L GLENN	RESIDENTIAL	$601,600	186 ft
3927 THOMAS AVE S MINNEAPOLIS MN 55410	N K BOTTORFF & R J BOTTORFF	RESIDENTIAL	$728,300	195 ft

Property History

Most Recent Sale

Date199701

Price$167,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,524