2811 40TH ST W MINNEAPOLIS MN 55410

PID: 0802824130013

Property Overview

Parcel ID0802824130013

Lot Size5,600 sq ft (0.129 ac)

Lot Dimensions (est.)50 ft wide × 111 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerT SEXTON & J SEXTON

Assessed Value$923,900

Land Value$362,000

Building Value$561,900

Annual Tax$15,730

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2000 · $251K total declared value · Most recent: Sep 2017 (remodel)

RemodelSep 2017Closed

$15K

MCKENDRY CONSTRUCTION INC

Building Re-inspectionOct 2002

$104K

Building Re-inspectionJun 2000

$132K

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width37 ft

Buildable depth71 ft

Area~2,665 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 2,665 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2815 40TH ST W MINNEAPOLIS MN 55410	AMY M MURPHY	VACANT LAND-RESIDENTIAL	$415,000	58 ft
4000 UPTON AVE S MINNEAPOLIS MN 55410	ALAN W LEE & MEGAN JB LEE	RESIDENTIAL	$554,800	80 ft
4004 UPTON AVE S MINNEAPOLIS MN 55410	S J BALL & C I BRAWNER	RESIDENTIAL	$522,300	81 ft
4010 UPTON AVE S MINNEAPOLIS MN 55410	J H ANDERSON & M H QUIRK	RESIDENTIAL	$664,700	98 ft
2817 40TH ST W MINNEAPOLIS MN 55410	T C GREENWOOD & E M FOX	RESIDENTIAL	$729,500	102 ft
4016 UPTON AVE S MINNEAPOLIS MN 55410	DANIEL KRAFT/MICHELLE KRAFT	RESIDENTIAL	$1,224,100	149 ft
4011 VINCENT AVE S MINNEAPOLIS MN 55410	J A FORREST & R FORREST	RESIDENTIAL	$722,100	152 ft
2823 40TH ST W MINNEAPOLIS MN 55410	SCOTT E PETERSON LIVING TR	RESIDENTIAL	$1,010,300	152 ft
4017 VINCENT AVE S MINNEAPOLIS MN 55410	D B ERICKSON & K E LARSON	RESIDENTIAL	$1,207,600	173 ft
2718 40TH ST W MINNEAPOLIS MN 55410	MARA C BRUST	RESIDENTIAL-TWO UNIT	$1,069,800	191 ft

Property History

Most Recent Sale

Date201501

Price$625,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$15,730