2611 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923420092

Property Overview

Parcel ID3102923420092

Lot Size9,543 sq ft (0.219 ac)

Lot Dimensions (est.)130 ft wide × 73 ft deep

Year Built1960

Property ClassRESIDENTIAL-TWO UNIT

OwnerBARBRA JEAN HANSON

Assessed Value$591,000

Land Value$265,000

Building Value$326,000

Annual Tax$9,469

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $44K total declared value · Most recent: Mar 2026 (remodel)

RemodelMar 2026Final Inspection

$20K

REHABBERS CHOICE LLC

ResMar 2026Closed

Erik Nelson Plumbing LLC

AdditionJul 2019Closed

$15K

Nutzmann Exteriors LLC

MiscApr 2017Closed

$9K

RENEWAL BY ANDERSEN CORP

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

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 width73 ft

Buildable depth75 ft

Area~6,393 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 6,393 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
2605 40TH AVE S MINNEAPOLIS MN 55406	NEAL I CUTHBERT REV TR ETAL	RESIDENTIAL	$618,900	77 ft
3927 26TH ST E MINNEAPOLIS MN 55406	D T SCHMIT & J E SCHMIT	RESIDENTIAL	$408,000	161 ft
2616 RIVER PKWY W MINNEAPOLIS MN 55406	G FLADEBOE & S MCCLEEREY	RESIDENTIAL	$986,900	174 ft
2612 40TH AVE S MINNEAPOLIS MN 55406	JOAN C GILBERTSON ET AL	RESIDENTIAL	$395,700	178 ft
2616 40TH AVE S MINNEAPOLIS MN 55406	K D DANNEWITZ & K D GLIDDEN	RESIDENTIAL	$451,300	183 ft
3921 26TH ST E MINNEAPOLIS MN 55406	MICHAEL C BLOSS	RESIDENTIAL-TWO UNIT	$414,700	190 ft
2640 40TH AVE S MINNEAPOLIS MN 55406	BRUCE BRUNNER & DONNA MINTER	RESIDENTIAL-TWO UNIT	$438,300	196 ft
2629 DORMAN AVE MINNEAPOLIS MN 55406	AMELIALYSE LLC	RESIDENTIAL-TWO UNIT	$349,500	205 ft
3917 26TH ST E MINNEAPOLIS MN 55406	T CAHOY & J CAHOY	RESIDENTIAL	$462,100	225 ft
2648 40TH AVE S MINNEAPOLIS MN 55406	BRUCE BRUNNER & DONNA MINTER	RESIDENTIAL-TWO UNIT	$533,100	236 ft

Property History

Most Recent Sale

Date198510

Price$115,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,469