1940 JAMES AVE S MINNEAPOLIS MN 55403

PID: 2802924340097

Property Overview

Parcel ID2802924340097

Lot Size7,987 sq ft (0.183 ac)

Lot Dimensions (est.)135 ft wide × 59 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerC R DOUGALL & B K O DOUGALL

Assessed Value$1,138,100

Land Value$440,000

Building Value$698,100

Annual Tax$20,064

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $263K total declared value · Most recent: Feb 2026 (misc)

MiscFeb 2026Final Inspection

$107K

IMN Remcom LLC

MiscNov 2023Closed

$30K

IMN Remcom LLC

ExistresAug 2021Closed

Centraire Heating & Air Conditioning LLC

ResAug 2021Closed

Centraire Heating & Air Conditioning LLC

AdditionJun 2021Closed

$126K

MOOSE CONSTRUCTION CO

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

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width122 ft

Buildable depth19 ft

Area~4,384 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 4,384 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1936 JAMES AVE S MINNEAPOLIS MN 55403	CAITLIN HEMMERICH & KEVIN HA	RESIDENTIAL	$1,139,600	55 ft
1932 JAMES AVE S MINNEAPOLIS MN 55403	P & S COLICH	RESIDENTIAL	$1,164,000	105 ft
1720 FRANKLIN AVE W MINNEAPOLIS MN 55405	ELIZABETH G REDLEAF	RESIDENTIAL-TWO UNIT	$3,422,300	138 ft
1928 JAMES AVE S MINNEAPOLIS MN 55403	J G KAPANKE & S M KAPANKE	RESIDENTIAL	$1,029,100	155 ft
2005 JAMES AVE S MINNEAPOLIS MN 55405	S B VENABLE & L J VENABLE	RESIDENTIAL	$1,132,200	170 ft
1941 JAMES AVE S MINNEAPOLIS MN 55403	A SEASTRAND & J GANTA	RESIDENTIAL	$1,126,800	195 ft
1929 KNOX AVE S MINNEAPOLIS MN 55403	SARAH DOUGHERTY REKAS	RESIDENTIAL	$2,037,000	201 ft
1937 JAMES AVE S MINNEAPOLIS MN 55403	J THOMAS NELSON REVOC TRUST	RESIDENTIAL	$1,043,800	202 ft
1924 JAMES AVE S MINNEAPOLIS MN 55403	ANDREW BUNNEY & ANYA BUNNEY	RESIDENTIAL	$1,142,200	205 ft
2004 JAMES AVE S MINNEAPOLIS MN 55405	KENDRA C REICHENAU REV TRUST	RESIDENTIAL	$1,784,400	205 ft

Property History

Most Recent Sale

Date199312

Price$309,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$20,064