240 QUEEN AVE S MINNEAPOLIS MN 55405

PID: 2902924110086

Property Overview

Parcel ID2902924110086

Lot Size5,099 sq ft (0.117 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerS M DEMKO & C L DEMKO

Assessed Value$440,900

Land Value$189,000

Building Value$251,900

Annual Tax$6,699

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $16K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscJul 2019Closed

$16K

KAUFMAN SHEET METAL ROOFING INC

ExistresSep 2018Closed

Residential Heating and Air Conditioning Inc

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width30 ft

Buildable depth87 ft

Area~2,624 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 2,624 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
236 QUEEN AVE S MINNEAPOLIS MN 55405	M F & C L DILLIARD	RESIDENTIAL	$507,200	40 ft
244 QUEEN AVE S MINNEAPOLIS MN 55405	B A TURNBULL & J A SWANSON	RESIDENTIAL	$462,800	40 ft
232 QUEEN AVE S MINNEAPOLIS MN 55405	MATTHEW BLUM/KATHRYN KESSLER	RESIDENTIAL	$539,600	80 ft
248 QUEEN AVE S MINNEAPOLIS MN 55405	B R GENDLER & G I GENDLER	RESIDENTIAL	$724,600	80 ft
228 QUEEN AVE S MINNEAPOLIS MN 55405	JANINE SIEJA & STEVEN YORE	RESIDENTIAL	$745,000	120 ft
252 QUEEN AVE S MINNEAPOLIS MN 55405	ALEXX HETT & DILLIAN HETT	RESIDENTIAL	$332,800	120 ft
241 RUSSELL AVE S MINNEAPOLIS MN 55405	RACHEL M WAGNER	RESIDENTIAL	$634,800	142 ft
245 RUSSELL AVE S MINNEAPOLIS MN 55405	CINDY K REUTHER	RESIDENTIAL	$447,600	147 ft
237 RUSSELL AVE S MINNEAPOLIS MN 55405	R G ULLMAN & R J ULLMAN	RESIDENTIAL	$341,300	147 ft
224 QUEEN AVE S MINNEAPOLIS MN 55405	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	159 ft

Property History

Most Recent Sale

Date198804

Price$56,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,699