2700 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923420074

Property Overview

Parcel ID3102923420074

Lot Size7,700 sq ft (0.177 ac)

Lot Dimensions (est.)129 ft wide × 60 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerCHIEU N DAO & WIFE

Assessed Value$423,300

Land Value$175,000

Building Value$248,300

Annual Tax$6,434

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $8K total declared value · Most recent: Dec 2021 (res)

ResDec 2021Closed

1-800-Plumber +Air of Plymouth

ResNov 2021Closed

1-800-Plumber +Air of Plymouth

RemodelNov 2021Closed

$7K

Clear Choice Bath

MiscNov 2021Closed

$500

Nordic Construction LLC

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

Neighborhood Profile

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 depth20 ft

Area~4,154 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 4,154 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2704 40TH AVE S MINNEAPOLIS MN 55406	THOMAS ANDREW LINDSAY	RESIDENTIAL	$342,500	50 ft
2708 40TH AVE S MINNEAPOLIS MN 55406	C KAZANSKI & N H O'BRIEN	RESIDENTIAL	$319,900	90 ft
2712 40TH AVE S MINNEAPOLIS MN 55406	ANDREW R/ANDREA L MARTIN	RESIDENTIAL	$387,100	130 ft
2701 39TH AVE S MINNEAPOLIS MN 55406	N M STANICH & J COLACCI	RESIDENTIAL	$335,700	141 ft
2705 39TH AVE S MINNEAPOLIS MN 55406	SARAH SCHUCHARDT	RESIDENTIAL	$305,000	149 ft
2701 40TH AVE S MINNEAPOLIS MN 55406	ANNIKA YATES	RESIDENTIAL	$230,500	156 ft
2709 39TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	167 ft
2716 40TH AVE S MINNEAPOLIS MN 55406	BENEDICT L WHITE/ROSE R ZOOK	RESIDENTIAL	$382,600	170 ft
3914 27TH ST E MINNEAPOLIS MN 55406	SHAWN D FOLEY	RESIDENTIAL	$393,100	172 ft
3906 27TH ST E MINNEAPOLIS MN 55406	J SODD JR & E A PECK	RESIDENTIAL	$341,700	190 ft

Property History

Current Tax Year

Year2026

Tax Due$6,434