214 40TH ST W MINNEAPOLIS MN 55409

PID: 1002824210188

Property Overview

Parcel ID1002824210188

Lot Size4,493 sq ft (0.103 ac)

Lot Dimensions (est.)39 ft wide × 115 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerJ P SAUER & J L SAUER

Assessed Value$345,700

Land Value$140,000

Building Value$205,700

Annual Tax$5,135

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

2 permits on record since 2022 · Most recent: Dec 2024 (res)

ResDec 2024Closed

Urban Pine Plumbing and Mechanical Inc

ResJun 2022Closed

CenterPoint Energy Resource Corp

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

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$442K+20.2% YoY

Median price / sqft$259/sqft

Median days to close18 days

Active listings25

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~2,182 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 2,182 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
210 40TH ST W MINNEAPOLIS MN 55409	DANIEL G OLSON	RESIDENTIAL	$359,200	39 ft
218 40TH ST W MINNEAPOLIS MN 55409	JONATHAN NEMANI	TRIPLEX	$894,200	49 ft
204 40TH ST W MINNEAPOLIS MN 55409	DENNIS A DARNICK ETAL	RESIDENTIAL	$364,300	77 ft
3944 PILLSBURY AVE MINNEAPOLIS MN 55409	ANNA CARDINAL & GLENN FISHER	RESIDENTIAL	$384,100	103 ft
226 40TH ST W MINNEAPOLIS MN 55409	MARY W MASON	RESIDENTIAL	$239,100	107 ft
200 40TH ST W MINNEAPOLIS MN 55409	JESSE WELSH	RESIDENTIAL	$604,600	116 ft
3940 PILLSBURY AVE MINNEAPOLIS MN 55409	MARHTA & JAN RODOLFO	RESIDENTIAL	$447,700	137 ft
230 40TH ST W MINNEAPOLIS MN 55409	MACKLAN BLANKENSHIP	RESIDENTIAL-TWO UNIT	$458,500	155 ft
3945 PLEASANT AVE MINNEAPOLIS MN 55409	JARRIN M JAMBIK	RESIDENTIAL	$433,000	156 ft
3932 PILLSBURY AVE MINNEAPOLIS MN 55409	S A DEARMOND/A S DEARMOND	RESIDENTIAL	$413,000	172 ft

Property History

Most Recent Sale

Date199904

Price$148,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,135