5239 40TH AVE S MINNEAPOLIS MN 55417

PID: 1802823430033

Property Overview

Parcel ID1802823430033

Lot Size7,690 sq ft (0.177 ac)

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

Year Built1945

Property ClassRESIDENTIAL

OwnerANNE DAHLQUIST & SHANE HEITZ

Assessed Value$393,000

Land Value$156,000

Building Value$237,000

Annual Tax$6,301

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $99K total declared value · Most recent: May 2023 (misc)

MiscMay 2023Expired

$7K

RENEWAL BY ANDERSEN CORP

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresNov 2021Closed

Perfection Heating and Air Conditioning Inc

RemodelNov 2021Closed

$93K

WHITE CRANE CONSTRUCTION

ResOct 2021Closed

Master Plumbing Services 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~4,406 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 4,406 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
5245 40TH AVE S MINNEAPOLIS MN 55417	J J HOF & C K HOF	RESIDENTIAL	$309,900	50 ft
5249 40TH AVE S MINNEAPOLIS MN 55417	JANIS R HULBURT	RESIDENTIAL	$294,300	90 ft
5253 40TH AVE S MINNEAPOLIS MN 55417	PATRICIA L FAUTCH	RESIDENTIAL	$317,000	130 ft
5240 41ST AVE S MINNEAPOLIS MN 55417	RALPH E FERNANDEZ ET AL	RESIDENTIAL	$313,000	142 ft
5244 41ST AVE S MINNEAPOLIS MN 55417	P TWISS & E EL-FAKAHANY	RESIDENTIAL	$737,000	153 ft
5234 41ST AVE S MINNEAPOLIS MN 55417	A MITCHELTREE/J MITCHELTREE	RESIDENTIAL-TWO UNIT	$412,100	154 ft
5252 41ST AVE S MINNEAPOLIS MN 55417	WENDY L & DERMOTH A BROWN	RESIDENTIAL	$556,900	185 ft
5228 41ST AVE S MINNEAPOLIS MN 55417	B RUSHIN & M RUSHIN	RESIDENTIAL	$337,500	186 ft
5238 40TH AVE S MINNEAPOLIS MN 55417	A MATTHEWS & T J MATTHEWS	RESIDENTIAL	$351,000	188 ft
5234 40TH AVE S MINNEAPOLIS MN 55417	A M OLSON & K D OLSON	RESIDENTIAL	$337,100	197 ft

Property History

Most Recent Sale

Date202105

Price$385,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,301