2640 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923420146

Property Overview

Parcel ID3102923420146

Lot Size5,173 sq ft (0.119 ac)

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

Year Built1969

Property ClassRESIDENTIAL-TWO UNIT

OwnerBRUCE BRUNNER & DONNA MINTER

Assessed Value$438,300

Land Value$160,000

Building Value$278,300

Annual Tax$8,324

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2017 · $52K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$10K

BRUCE BRUNNER CONSTRUCTION LLC

ResMay 2018Closed

Weld and Sons Plumbing Inc

RemodelMar 2018Closed

$15K

Bruce A Brunner

ComnofdbvMar 2018Closed

Weld and Sons Plumbing Inc

Commercial Multi-FamilyFeb 2018Closed

Metro Heating & Cooling LLC

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 width30 ft

Buildable depth89 ft

Area~2,679 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 2,679 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
2616 40TH AVE S MINNEAPOLIS MN 55406	K D DANNEWITZ & K D GLIDDEN	RESIDENTIAL	$451,300	40 ft
2648 40TH AVE S MINNEAPOLIS MN 55406	BRUCE BRUNNER & DONNA MINTER	RESIDENTIAL-TWO UNIT	$533,100	58 ft
2612 40TH AVE S MINNEAPOLIS MN 55406	JOAN C GILBERTSON ET AL	RESIDENTIAL	$395,700	80 ft
2621 39TH AVE S MINNEAPOLIS MN 55406	MARY ELIZABETH MUELLER	RESIDENTIAL	$378,900	141 ft
2617 39TH AVE S MINNEAPOLIS MN 55406	STEVEN C WEBER	RESIDENTIAL	$349,200	147 ft
2625 39TH AVE S MINNEAPOLIS MN 55406	CARROL A STEFFEN ETAL	RESIDENTIAL	$321,000	154 ft
2613 39TH AVE S MINNEAPOLIS MN 55406	T L & A M WESTALL	RESIDENTIAL-TWO UNIT	$379,600	162 ft
3921 26TH ST E MINNEAPOLIS MN 55406	MICHAEL C BLOSS	RESIDENTIAL-TWO UNIT	$414,700	178 ft
3917 26TH ST E MINNEAPOLIS MN 55406	T CAHOY & J CAHOY	RESIDENTIAL	$462,100	180 ft
3927 26TH ST E MINNEAPOLIS MN 55406	D T SCHMIT & J E SCHMIT	RESIDENTIAL	$408,000	184 ft

Property History

Current Tax Year

Year2026

Tax Due$8,324