2905 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430029

Property Overview

Parcel ID3102923430029

Lot Size5,903 sq ft (0.136 ac)

Lot Dimensions (est.)129 ft wide × 46 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerKAY L NELSON

Assessed Value$349,900

Land Value$154,000

Building Value$195,900

Annual Tax$5,205

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2016 · $132K total declared value · Most recent: Sep 2023 (existres)

ExistresSep 2023Closed

Perfection Heating and Air Conditioning Inc

RemodelSep 2023Closed

$112K

WHITE CRANE CONSTRUCTION

ResAug 2023Closed

Master Plumbing Services LLC

RemodelDec 2022Closed

$20K

AMERICAN WATERWORKS

ResJul 2020Closed

Asap Underground LLC

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 width36 ft

Buildable depth88 ft

Area~3,183 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 3,183 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
2909 40TH AVE S MINNEAPOLIS MN 55406	MARK BAYLEY & GAYLE M GEBER	RESIDENTIAL	$425,400	43 ft
2901 40TH AVE S MINNEAPOLIS MN 55406	PATRICE ANNE TETTA	RESIDENTIAL	$347,000	50 ft
2915 40TH AVE S MINNEAPOLIS MN 55406	MARY ANN BACKER	RESIDENTIAL	$303,000	83 ft
4015 29TH ST E MINNEAPOLIS MN 55406	DEBORAL L LACHAPELLE	RESIDENTIAL	$266,200	118 ft
2917 40TH AVE S MINNEAPOLIS MN 55406	A C HAVEN & T H HALVORSON	RESIDENTIAL	$310,900	123 ft
2904 41ST AVE S MINNEAPOLIS MN 55406	N F MOE & N C M MOE	RESIDENTIAL	$301,800	141 ft
2908 41ST AVE S MINNEAPOLIS MN 55406	P S JONES & K A WHITE	RESIDENTIAL	$355,400	147 ft
2921 40TH AVE S MINNEAPOLIS MN 55406	JOSE M LALA QUITO	RESIDENTIAL	$738,000	163 ft
2912 41ST AVE S MINNEAPOLIS MN 55406	KATRINA M WAGTSKJOLD	RESIDENTIAL	$235,800	164 ft
2853 40TH AVE S MINNEAPOLIS MN 55406	CHRISTIE DAUPHIN	RESIDENTIAL	$290,800	177 ft

Property History

Most Recent Sale

Date198609

Price$58,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,205