3940 GARFIELD AVE MINNEAPOLIS MN 55409

PID: 1002824220214

Property Overview

Parcel ID1002824220214

Lot Size4,855 sq ft (0.111 ac)

Lot Dimensions (est.)121 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerCHAFFEE GRABER TRUST

Assessed Value$560,100

Land Value$178,000

Building Value$382,100

Annual Tax$8,881

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2005 · $324K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresDec 2019Closed

Airic's Heating & Air Conditioning Inc

MiscJul 2018Closed

$3K

TURNKEY RESTORATION

ExistresNov 2017Closed

Heating and Cooling Two Inc

ResNov 2017Closed

Steinkraus Plumbing Inc

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth81 ft

Area~2,441 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 2,441 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3936 GARFIELD AVE MINNEAPOLIS MN 55409	JEANNE E COWAN	RESIDENTIAL	$315,100	40 ft
3944 GARFIELD AVE MINNEAPOLIS MN 55409	E T BALBACH & S JANCZAK	RESIDENTIAL	$557,400	40 ft
3932 GARFIELD AVE MINNEAPOLIS MN 55409	J BUCEK & M BELANGER	RESIDENTIAL	$310,000	80 ft
3948 GARFIELD AVE MINNEAPOLIS MN 55409	WILLIAM R ROSEN	RESIDENTIAL	$317,500	80 ft
3928 GARFIELD AVE MINNEAPOLIS MN 55409	W R VIESTENZ & K K OLSON	RESIDENTIAL	$388,900	120 ft
3952 GARFIELD AVE MINNEAPOLIS MN 55409	L G MENDENHALL JOHNSON ET AL	RESIDENTIAL	$373,200	120 ft
3941 LYNDALE AVE S MINNEAPOLIS MN 55409	GUMZ REVOCABLE FAMILY TRUST	RESIDENTIAL	$486,000	133 ft
3937 LYNDALE AVE S MINNEAPOLIS MN 55409	MEGHAN T HULTMAN	RESIDENTIAL	$296,800	138 ft
3945 LYNDALE AVE S MINNEAPOLIS MN 55409	NATHANIEL S CHRYSLER	RESIDENTIAL	$457,600	139 ft
3933 LYNDALE AVE S MINNEAPOLIS MN 55409	DAUNE E STINSON	RESIDENTIAL	$329,900	154 ft

Property History

Most Recent Sale

Date201902

Price$585,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,881