4240 NOKOMIS AVE S MINNEAPOLIS MN 55406

PID: 1202824410156

Property Overview

Parcel ID1202824410156

Lot Size5,111 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerRICHARD JOSEPH HANNA

Assessed Value$288,100

Land Value$135,000

Building Value$153,100

Annual Tax$4,155

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 2020 · $21K total declared value · Most recent: Jun 2025 (misc)

MiscJun 2025Closed

$21K

KAUFMAN SHEET METAL ROOFING INC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 depth88 ft

Area~2,633 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 2,633 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
4234 NOKOMIS AVE S MINNEAPOLIS MN 55406	J A CLEGHORN & M CLEGHORN	RESIDENTIAL	$675,800	40 ft
4244 NOKOMIS AVE S MINNEAPOLIS MN 55406	BRENNA GRACE ARTINGER	RESIDENTIAL	$313,700	40 ft
4230 NOKOMIS AVE S MINNEAPOLIS MN 55406	D CHRISTENSEN & S A GOETTE	RESIDENTIAL	$288,900	80 ft
4248 NOKOMIS AVE S MINNEAPOLIS MN 55406	W JIRSA & K J NEWICKI	RESIDENTIAL	$301,100	80 ft
4252 NOKOMIS AVE S MINNEAPOLIS MN 55406	R M WEIHER & A N KING	RESIDENTIAL	$336,700	117 ft
4226 NOKOMIS AVE S MINNEAPOLIS MN 55406	MARC LE VOIR	RESIDENTIAL	$354,000	120 ft
4239 30TH AVE S MINNEAPOLIS MN 55406	L A WALLIN & K N WALLIN	RESIDENTIAL	$426,000	141 ft
4245 30TH AVE S MINNEAPOLIS MN 55406	HANNAH NEY	RESIDENTIAL	$353,100	147 ft
4237 30TH AVE S MINNEAPOLIS MN 55406	FIKIRTE ASRES/SAMUEL ESHETE	RESIDENTIAL	$354,800	147 ft
4256 NOKOMIS AVE S MINNEAPOLIS MN 55406	A J ROCKNE & J M ZIMBRIC	RESIDENTIAL	$345,500	155 ft

Property History

Most Recent Sale

Date199912

Price$136,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,155