26 40TH ST W MINNEAPOLIS MN 55409

PID: 1002824210115

Property Overview

Parcel ID1002824210115

Lot Size3,199 sq ft (0.073 ac)

Lot Dimensions (est.)45 ft wide × 71 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerCLARE L MACILRAVIE

Assessed Value$274,900

Land Value$116,000

Building Value$158,900

Annual Tax$3,950

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

King Field · Minneapolis

Median reported rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 width32 ft

Buildable depth31 ft

Area~998 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 998 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
24 40TH ST W MINNEAPOLIS MN 55409	RICKY D BONNEVILLE	RESIDENTIAL	$234,000	45 ft
28 40TH ST W MINNEAPOLIS MN 55409	JAMES J THORNTON	RESIDENTIAL	$342,400	45 ft
3948 VAN NEST AVE MINNEAPOLIS MN 55409	SANDRA ANN SHEFFIELD	RESIDENTIAL	$319,900	60 ft
3949 BLAISDELL AVE MINNEAPOLIS MN 55409	KATE KREMER	RESIDENTIAL	$315,400	87 ft
32 40TH ST W MINNEAPOLIS MN 55409	JAYNE C HAMMES TRUSTEE	RESIDENTIAL	$417,000	90 ft
3944 VAN NEST AVE MINNEAPOLIS MN 55409	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$356,000	99 ft
3945 BLAISDELL AVE MINNEAPOLIS MN 55409	BJORN IVERSEN	RESIDENTIAL	$220,400	116 ft
3940 VAN NEST AVE MINNEAPOLIS MN 55409	ANDREA RIEHL & SAMUEL RIEHL	RESIDENTIAL	$282,000	138 ft
3941 BLAISDELL AVE MINNEAPOLIS MN 55409	DAMON T BARNA	RESIDENTIAL	$240,100	151 ft
12 40TH ST W MINNEAPOLIS MN 55409	HANNAH JOHNSON	RESIDENTIAL	$220,700	153 ft

Property History

Most Recent Sale

Date199305

Price$1

Type—

Current Tax Year

Year2026

Tax Due$3,950