2753 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923420032

Property Overview

Parcel ID3102923420032

Lot Size5,162 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerBETH A LEWIS REV TRUST

Assessed Value$415,000

Land Value$147,000

Building Value$268,000

Annual Tax$6,295

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $166K total declared value · Most recent: Mar 2026 (remodel)

RemodelMar 2026Inspection

$12K

DBS RESIDENTIAL SOLUTIONS INC

MiscJul 2024Closed

$29K

KAUFMAN SHEET METAL ROOFING INC

ResNov 2023Closed

SODERLIN PLUMBING HEATING AND AIR

ResSep 2020Closed

Plumbing Restoration & Services LLC

ExistresAug 2020Closed

Titan Heating and Cooling Inc

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

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width116 ft

Buildable depth0 ft

Area~2,404 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 small multifamily (2–4 units, wood frame) benchmarks for 2,404 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
2749 40TH AVE S MINNEAPOLIS MN 55406	CONSTANCE ADAMS	RESIDENTIAL	$303,900	40 ft
2745 40TH AVE S MINNEAPOLIS MN 55406	JENNIFER HSIA	RESIDENTIAL	$733,000	80 ft
2741 40TH AVE S MINNEAPOLIS MN 55406	BETH ANN NOHNER	RESIDENTIAL	$321,600	120 ft
2801 40TH AVE S MINNEAPOLIS MN 55406	ALLEN C KRAMER	RESIDENTIAL	$466,100	130 ft
2752 41ST AVE S MINNEAPOLIS MN 55406	ANDRES RIET & JAMES CAHALAN	RESIDENTIAL	$337,000	141 ft
2748 41ST AVE S MINNEAPOLIS MN 55406	RACHEL M CHARETTE	RESIDENTIAL	$306,300	146 ft
2737 40TH AVE S MINNEAPOLIS MN 55406	CHRISTOPHER ANDREW SMITH	RESIDENTIAL	$252,200	160 ft
2744 41ST AVE S MINNEAPOLIS MN 55406	S C JOHNSON & R R HVIDSTON	RESIDENTIAL	$277,300	162 ft
2805 40TH AVE S MINNEAPOLIS MN 55406	A J SUTTER/S J SUTTERSUB/LE	RESIDENTIAL	$319,300	179 ft
2740 41ST AVE S MINNEAPOLIS MN 55406	GARY L HENDERSON	RESIDENTIAL	$321,900	185 ft

Property History

Most Recent Sale

Date199407

Price$86,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,295