5557 40TH AVE S MINNEAPOLIS MN 55417

PID: 1902823120143

Property Overview

Parcel ID1902823120143

Lot Size5,129 sq ft (0.118 ac)

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

Year Built1946

Property ClassRESIDENTIAL

OwnerKEVIN J COUGHLIN

Assessed Value$268,200

Land Value$104,000

Building Value$164,200

Annual Tax$4,136

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $7K total declared value · Most recent: Aug 2023 (res)

ResAug 2023Closed

CenterPoint Energy Resource Corp

MiscMay 2021Closed

$7K

BOB AND SONS ROOFING CO OF MPLS

ExistresNov 2019Closed

CenterPoint Energy Resource Corp

ResAug 2018Closed

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

Morris Park · Minneapolis

Median reported rent1,438/mo

Renter-occupied18.6%

Median home value$267K

Vacancy rate2.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 121.02

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth0 ft

Area~2,382 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,382 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5553 40TH AVE S MINNEAPOLIS MN 55417	HEATHER FELDMANN	RESIDENTIAL	$297,400	40 ft
5549 40TH AVE S MINNEAPOLIS MN 55417	J K ARIFIN & E M ARIFIN	RESIDENTIAL	$303,000	80 ft
5601 40TH AVE S MINNEAPOLIS MN 55417	DESMOND R FORREST	RESIDENTIAL	$253,000	101 ft
5545 40TH AVE S MINNEAPOLIS MN 55417	MICHELLE HOWD	RESIDENTIAL	$294,400	120 ft
5558 41ST AVE S MINNEAPOLIS MN 55417	TROY D MACK	RESIDENTIAL	$255,800	142 ft
5605 40TH AVE S MINNEAPOLIS MN 55417	JACKEE A WERNERSBACH	RESIDENTIAL	$278,400	144 ft
5552 41ST AVE S MINNEAPOLIS MN 55417	JENNIFER C NELSON	RESIDENTIAL	$222,700	148 ft
5541 40TH AVE S MINNEAPOLIS MN 55417	JESSICA J HUTCHISON	RESIDENTIAL	$306,700	161 ft
5548 41ST AVE S MINNEAPOLIS MN 55417	CHAU L NGUYEN	RESIDENTIAL	$310,500	163 ft
5600 41ST AVE S MINNEAPOLIS MN 55417	SCOTT A REEVE	RESIDENTIAL	$324,700	171 ft

Property History

Current Tax Year

Year2026

Tax Due$4,136