3105 40TH ST W MINNEAPOLIS MN 55410

PID: 0802824240001

Property Overview

Parcel ID0802824240001

Lot Size8,787 sq ft (0.202 ac)

Lot Dimensions (est.)135 ft wide × 65 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerANN MULKERIN & GARY GOMEZ

Assessed Value$621,300

Land Value$342,000

Building Value$279,300

Annual Tax$10,005

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $25K total declared value · Most recent: Jul 2023 (existres)

ExistresJul 2023Closed

Binder Heating and Air Conditioning Inc

ResMay 2022Closed

Paul Bunyan Plumbing, LLC

MiscJul 2021Closed

$20K

Haven Builders LLC

ResMar 2020Closed

Janecky Plumbing Service Inc

RemodelMar 2020Closed

$5K

WHITE CRANE CONSTRUCTION

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

Neighborhood Profile

Linden Hills · Minneapolis

Median reported rent1,497/mo

Renter-occupied23.6%

Median home value$666K

Vacancy rate2.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1098

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 width122 ft

Buildable depth25 ft

Area~3,064 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 3,064 sqft buildable area.

Est. units

Yield on cost

1.9%

Spread

-3.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4006 XERXES AVE S MINNEAPOLIS MN 55410	BRYAN SEIPP & MOLLY BINGER	RESIDENTIAL	$593,200	62 ft
4012 XERXES AVE S MINNEAPOLIS MN 55410	STACY SCHULTZ/KATHRYN LEWIS	RESIDENTIAL	$686,500	120 ft
4001 YORK AVE S MINNEAPOLIS MN 55410	SAMPSON MCCALL RES TRUST	RESIDENTIAL	$1,230,300	135 ft
3950 XERXES AVE S MINNEAPOLIS MN 55410	J H RINKLEFF & L DUMA	RESIDENTIAL	$484,900	142 ft
4007 YORK AVE S MINNEAPOLIS MN 55410	J BACKOS & P BACKOS	RESIDENTIAL	$716,000	149 ft
4011 YORK AVE S MINNEAPOLIS MN 55410	J H SCHROEDER & D SCHROEDER	RESIDENTIAL	$660,500	181 ft
4016 XERXES AVE S MINNEAPOLIS MN 55410	C MONTGOMERY & L MONTGOMERY	RESIDENTIAL	$632,900	188 ft
3947 YORK AVE S MINNEAPOLIS MN 55410	LENNY GALE & SHALVA GALE	RESIDENTIAL	$904,700	196 ft
3944 XERXES AVE S MINNEAPOLIS MN 55410	J M PATTERSON/S M PATTERSON	RESIDENTIAL	$780,000	200 ft
4001 XERXES AVE S MINNEAPOLIS MN 55410	J GUYTON & M FITZGERALD	RESIDENTIAL	$976,300	200 ft

Property History

Most Recent Sale

Date202602

Price$745,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,005