5043 40TH AVE S MINNEAPOLIS MN 55417

PID: 1802823420029

Property Overview

Parcel ID1802823420029

Lot Size7,708 sq ft (0.177 ac)

Lot Dimensions (est.)128 ft wide × 60 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerP HERTSGAARD & N HERTSGAARD

Assessed Value$650,000

Land Value$156,000

Building Value$494,000

Annual Tax$10,947

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $44K total declared value · Most recent: Mar 2025 (existres)

ExistresMar 2025Closed

Standard Heating and Air Conditioning Inc

ExistresOct 2023Closed

Standard Heating and Air Conditioning Inc

RemodelFeb 2023Closed

$5K

ALL ENERGY SOLAR INC

AdditionSep 2019Closed

$31K

HOME PRO AMERICA LLC

MiscJun 2019Closed

$7K

HOME PRO AMERICA 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 width50 ft

Buildable depth88 ft

Area~4,421 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 4,421 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5037 40TH AVE S MINNEAPOLIS MN 55417	LAUREN BRADY & SAMUEL BAKER	RESIDENTIAL	$381,500	60 ft
5049 40TH AVE S MINNEAPOLIS MN 55417	D J RUDRUD & E N RUDRUD	RESIDENTIAL	$450,000	60 ft
5031 40TH AVE S MINNEAPOLIS MN 55417	S A RICHARDS & W VISCO	RESIDENTIAL	$348,100	120 ft
5042 41ST AVE S MINNEAPOLIS MN 55417	A M MATZ/M MATZ ET AL	RESIDENTIAL	$384,100	142 ft
5048 41ST AVE S MINNEAPOLIS MN 55417	J H PETERSON & A L HENRY	RESIDENTIAL	$445,400	154 ft
5036 41ST AVE S MINNEAPOLIS MN 55417	DHEA E TAIT	RESIDENTIAL	$342,800	155 ft
5025 40TH AVE S MINNEAPOLIS MN 55417	JAMES BURNS & DEBORAH BURNS	RESIDENTIAL	$311,400	180 ft
5030 41ST AVE S MINNEAPOLIS MN 55417	P A ENZ & C A JACOBSON	RESIDENTIAL	$399,800	187 ft
5042 40TH AVE S MINNEAPOLIS MN 55417	P TROVECKE & D VALENTINE	RESIDENTIAL	$471,700	188 ft
5036 40TH AVE S MINNEAPOLIS MN 55417	C L GORDON & D M GORDON	RESIDENTIAL	$383,200	197 ft

Property History

Most Recent Sale

Date202010

Price$620,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,947