4041 11TH AVE S MINNEAPOLIS MN 55407

PID: 1102824240020

Property Overview

Parcel ID1102824240020

Lot Size4,843 sq ft (0.111 ac)

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

Year Built1938

Property ClassRESIDENTIAL

OwnerJANET E WARD

Assessed Value$331,800

Land Value$92,000

Building Value$239,800

Annual Tax$4,883

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

6 permits on record since 2018 · $35K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

RemodelFeb 2024Closed

$17K

HOMECARE REMODELING

RemodelFeb 2024Closed

$14K

HOMECARE REMODELING

ResJan 2024Closed

Southtown Plumbing Inc

MiscSep 2020Closed

$4K

CRAFTSMEN HOME IMPROVEMENT INC

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

Neighborhood Profile

Bancroft · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 96

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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~2,432 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 2,432 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4045 11TH AVE S MINNEAPOLIS MN 55407	T E HOMME & M D GOLDEN	RESIDENTIAL	$402,000	40 ft
4037 11TH AVE S MINNEAPOLIS MN 55407	G SIMS-BURCHARD & A BURCHARD	RESIDENTIAL	$298,900	40 ft
4049 11TH AVE S MINNEAPOLIS MN 55407	ROBERT S SCHILLER	RESIDENTIAL	$354,100	80 ft
4033 11TH AVE S MINNEAPOLIS MN 55407	BRADLEY HAROLD GIBSON	RESIDENTIAL-TWO UNIT	$386,700	80 ft
4053 11TH AVE S MINNEAPOLIS MN 55407	MATTHEW C MENDES	RESIDENTIAL	$476,000	120 ft
4029 11TH AVE S MINNEAPOLIS MN 55407	RYAN PADGET	RESIDENTIAL-TWO UNIT	$477,600	120 ft
4040 12TH AVE S MINNEAPOLIS MN 55407	DANIEL A & JESSICA MCCLOSKEY	RESIDENTIAL	$310,200	135 ft
4044 12TH AVE S MINNEAPOLIS MN 55407	JANE BOOTH-TOBIN	RESIDENTIAL	$350,000	140 ft
4036 12TH AVE S MINNEAPOLIS MN 55407	MARTHA S WEISS	RESIDENTIAL	$395,700	141 ft
4032 12TH AVE S MINNEAPOLIS MN 55407	CHERRENE C HORAZUK	RESIDENTIAL	$300,000	157 ft

Property History

Most Recent Sale

Date199701

Price$20,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,883