5012 40TH AVE S MINNEAPOLIS MN 55417

PID: 1802823420055

Property Overview

Parcel ID1802823420055

Lot Size7,712 sq ft (0.177 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerB D VINGE & A E VINGE

Assessed Value$284,600

Land Value$162,000

Building Value$122,600

Annual Tax$4,495

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $26K total declared value · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResDec 2020Closed

Hero Home Services LLC

ExistresDec 2020Closed

Hero Home Services LLC

ResDec 2019Closed

UPTOWN PLUMBING HEATING AND COOLING

MiscJun 2019Closed

$9K

CUSTOM REMODELERS 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth89 ft

Area~4,424 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 small multifamily (2–4 units, wood frame) benchmarks for 4,424 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5020 40TH AVE S MINNEAPOLIS MN 55417	PHILIP M DUDAS	RESIDENTIAL	$456,600	60 ft
5026 40TH AVE S MINNEAPOLIS MN 55417	CHRISTOPHER MAURICE LEPOUDRE	RESIDENTIAL	$352,100	120 ft
3921 50TH ST E MINNEAPOLIS MN 55417	JANE E OTTE	RESIDENTIAL	$326,000	122 ft
3925 50TH ST E MINNEAPOLIS MN 55417	S H OTTE & J E OTTE	RESIDENTIAL	$537,000	126 ft
3911 50TH ST E MINNEAPOLIS MN 55417	JOHN MIDDLETON/CHARITY JONES	RESIDENTIAL	$314,000	140 ft
5015 39TH AVE S MINNEAPOLIS MN 55417	NANCY J PETERSON	RESIDENTIAL	$319,000	142 ft
5019 39TH AVE S MINNEAPOLIS MN 55417	ANNA MARIE CARLSON	RESIDENTIAL	$357,400	155 ft
5030 40TH AVE S MINNEAPOLIS MN 55417	ARUN V HEJMADI TRUST	RESIDENTIAL	$397,600	180 ft
5027 39TH AVE S MINNEAPOLIS MN 55417	S P LARMON & E B LARMON	RESIDENTIAL	$520,200	187 ft
5015 40TH AVE S MINNEAPOLIS MN 55417	K I CHIRPICH & L I CHIRPICH	RESIDENTIAL	$388,500	188 ft

Property History

Most Recent Sale

Date199402

Price$68,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,495