2740 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923420064

Property Overview

Parcel ID3102923420064

Lot Size5,161 sq ft (0.118 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerM B AUTRY & E P Y KAHN

Assessed Value$409,600

Land Value$147,000

Building Value$262,600

Annual Tax$6,205

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $200K total declared value · Most recent: Dec 2021 (res)

ResDec 2021Closed

Gust Plumbing Inc

AdditionSep 2021Closed

$200K

METAMORPHOSIS GROUP INC

ResAug 2021Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

ExistresAug 2021Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

ResApr 2017Closed

Linn Star Transfer 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth89 ft

Area~2,670 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 2,670 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
2746 40TH AVE S MINNEAPOLIS MN 55406	ANDREW T CHASE	RESIDENTIAL	$259,700	40 ft
2736 40TH AVE S MINNEAPOLIS MN 55406	TYLER & LEAH TWEETEN	RESIDENTIAL	$319,400	40 ft
2748 40TH AVE S MINNEAPOLIS MN 55406	ERIC SKOGEN	RESIDENTIAL	$641,800	80 ft
2732 40TH AVE S MINNEAPOLIS MN 55406	THERESA JAROSZ ALBERTI	RESIDENTIAL	$424,700	80 ft
2752 40TH AVE S MINNEAPOLIS MN 55406	ARIC W HAY & JODIE LYNN HAY	RESIDENTIAL	$463,500	120 ft
2728 40TH AVE S MINNEAPOLIS MN 55406	DAVID GREENBERG	RESIDENTIAL	$331,500	120 ft
2741 39TH AVE S MINNEAPOLIS MN 55406	CARA LETOFSKY	RESIDENTIAL	$321,200	141 ft
2737 39TH AVE S MINNEAPOLIS MN 55406	MONICA M AUSTERLITZ	RESIDENTIAL	$266,400	146 ft
2745 39TH AVE S MINNEAPOLIS MN 55406	MATTHEW STOLLENWERK	RESIDENTIAL	$276,400	146 ft
2724 40TH AVE S MINNEAPOLIS MN 55406	D O SHARRATT & A S SHARRATT	RESIDENTIAL	$367,100	160 ft

Property History

Most Recent Sale

Date201306

Price$210,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,205