126 40TH ST W MINNEAPOLIS MN 55409

PID: 1002824210152

Property Overview

Parcel ID1002824210152

Lot Size4,472 sq ft (0.103 ac)

Lot Dimensions (est.)39 ft wide × 114 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerKAI J HOLM

Assessed Value$277,000

Land Value$139,000

Building Value$138,000

Annual Tax$3,985

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

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

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 width29 ft

Buildable depth75 ft

Area~2,167 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 2,167 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
130 40TH ST W MINNEAPOLIS MN 55409	KYLE DAVID MAYNE	RESIDENTIAL	$363,000	39 ft
122 40TH ST W MINNEAPOLIS MN 55409	MARGO EASTLUND	RESIDENTIAL	$374,600	39 ft
118 40TH ST W MINNEAPOLIS MN 55409	JANE E EPPLE	RESIDENTIAL	$306,100	77 ft
3957 PILLSBURY AVE MINNEAPOLIS MN 55409	DAVID BRAATEN/DAVID COSSETTE	RESIDENTIAL	$492,200	78 ft
3941 PILLSBURY AVE MINNEAPOLIS MN 55409	MARY K HELMIN-SKLANEY	RESIDENTIAL	$387,400	89 ft
114 40TH ST W MINNEAPOLIS MN 55409	THERESA J NELSON ETAL	RESIDENTIAL	$289,000	116 ft
3935 PILLSBURY AVE MINNEAPOLIS MN 55409	PATRICIA A DEVANEY	RESIDENTIAL-TWO UNIT	$566,500	126 ft
4000 WENTWORTH AVE MINNEAPOLIS MN 55409	M M ANDERSON & M J HERRIGES	RESIDENTIAL	$476,000	153 ft
110 40TH ST W MINNEAPOLIS MN 55409	J BUCHBERGER & ILON PRESTON	RESIDENTIAL	$310,400	155 ft
3933 PILLSBURY AVE MINNEAPOLIS MN 55409	D BRAUER & S DUNIWAY	RESIDENTIAL	$576,800	164 ft

Property History

Most Recent Sale

Date199510

Price$77,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,985