4916 40TH AVE S MINNEAPOLIS MN 55417

PID: 1802823130082

Property Overview

Parcel ID1802823130082

Lot Size9,111 sq ft (0.209 ac)

Lot Dimensions (est.)134 ft wide × 68 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerPETER W GAARD

Assessed Value$425,300

Land Value$190,000

Building Value$235,300

Annual Tax$6,913

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 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResJan 2020Closed

Adam's On-Time Plumbing & Water Heaters LLC

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

Neighborhood Profile

Minnehaha · Minneapolis

Median reported rent1,555/mo

Renter-occupied20.2%

Median home value$286K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 119.98

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 width58 ft

Buildable depth94 ft

Area~5,449 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 5,449 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
4920 40TH AVE S MINNEAPOLIS MN 55417	K & N WESCHE	RESIDENTIAL	$493,100	68 ft
3919 49TH ST E MINNEAPOLIS MN 55417	JESSE KATH & KATIE KATH	RESIDENTIAL	$993,000	108 ft
4900 40TH AVE S MINNEAPOLIS MN 55417	J A SCHLOSSER & K STOWER	RESIDENTIAL	$782,000	111 ft
4928 40TH AVE S MINNEAPOLIS MN 55417	B H MULDER & D G MULDER	RESIDENTIAL	$392,600	124 ft
4915 39TH AVE S MINNEAPOLIS MN 55417	ALVA W EMERSON REVOCABLE TR	RESIDENTIAL	$165,000	134 ft
4911 39TH AVE S MINNEAPOLIS MN 55417	ALVA W EMERSON REVOCABLE TR	RESIDENTIAL	$508,200	150 ft
4921 39TH AVE S MINNEAPOLIS MN 55417	E ENGESETHER & S ENGESETHER	RESIDENTIAL-TWO UNIT	$478,300	151 ft
4932 40TH AVE S MINNEAPOLIS MN 55417	JILL L MURRAY	RESIDENTIAL	$358,200	170 ft
4927 39TH AVE S MINNEAPOLIS MN 55417	A M HOLLESCHAU/A HOLLESCHAU	RESIDENTIAL	$428,500	192 ft
4915 40TH AVE S MINNEAPOLIS MN 55417	K SCHMIDT & D P D'ARCO	RESIDENTIAL	$727,100	194 ft

Property History

Most Recent Sale

Date201405

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,913