300 40TH ST W MINNEAPOLIS MN 55409

PID: 1002824220132

Property Overview

Parcel ID1002824220132

Lot Size3,024 sq ft (0.069 ac)

Lot Dimensions (est.)42 ft wide × 72 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerLINDSAY & DEREK J HOLT

Assessed Value$426,900

Land Value$131,000

Building Value$295,900

Annual Tax$4,287

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

11 permits on record since 2018 · $48K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Closed

$5K

SCHERER BROTHERS LUMBER CO

AccessoryNov 2023Closed

$29K

XL Outdoor Living LLC

ExistresAug 2023Closed

McQuillan Bros Plumbing Heating & AC LLC

AdditionJul 2022Closed

$2K

Corbins LLC

MiscJun 2022Closed

$3K

Geeksuite Exteriors

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$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

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 width29 ft

Buildable depth32 ft

Area~926 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 926 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
306 40TH ST W MINNEAPOLIS MN 55409	DEBRA A PRICE	RESIDENTIAL	$397,100	42 ft
3948 PLEASANT AVE MINNEAPOLIS MN 55409	RDA UPTOWN III LLC	RESIDENTIAL	$267,600	69 ft
310 40TH ST W MINNEAPOLIS MN 55409	SHEILA E HUBBARD	RESIDENTIAL	$329,900	84 ft
3944 PLEASANT AVE MINNEAPOLIS MN 55409	R O'CONNOR & A O'CONNOR	RESIDENTIAL	$421,300	104 ft
234 40TH ST W MINNEAPOLIS MN 55409	RLT PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$556,000	122 ft
3940 PLEASANT AVE MINNEAPOLIS MN 55409	J D RANKINE/KYRRA S RANKINE	RESIDENTIAL	$529,300	142 ft
4000 PLEASANT AVE MINNEAPOLIS MN 55409	K R SKOGG & K C DRAKE	RESIDENTIAL	$436,400	144 ft
230 40TH ST W MINNEAPOLIS MN 55409	MACKLAN BLANKENSHIP	RESIDENTIAL-TWO UNIT	$458,500	160 ft
3936 PLEASANT AVE MINNEAPOLIS MN 55409	K E LINDSTROM & M J MOEHR	RESIDENTIAL	$529,600	180 ft
3955 GRAND AVE S MINNEAPOLIS MN 55409	DEBRA A MCGOWAN	RESIDENTIAL	$363,900	181 ft

Property History

Most Recent Sale

Date201810

Price$342,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,287