2852 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430149

Property Overview

Parcel ID3102923430149

Lot Size5,166 sq ft (0.119 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerALPHA C LUNDQUIST

Assessed Value$301,200

Land Value$148,000

Building Value$153,200

Annual Tax$4,390

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

6 permits on record since 2019 · $31K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$9K

Morland Companies

MiscJun 2024Closed

$5K

ARNESON MASONRY

MiscMay 2023Closed

$8K

MC EXTERIORS INC

MiscMay 2021Closed

$9K

MINNESOTA EXTERIORS INC

ResFeb 2021Closed

MN Plumbing & Home Services INC

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 depth0 ft

Area~2,407 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,407 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2848 40TH AVE S MINNEAPOLIS MN 55406	ANDREA EGER/LUCAS JAMES HALL	RESIDENTIAL	$246,100	40 ft
2844 40TH AVE S MINNEAPOLIS MN 55406	OLE R GRAM	RESIDENTIAL	$301,600	80 ft
2840 40TH AVE S MINNEAPOLIS MN 55406	ANDREW DELANY & LAUREN FLYNN	RESIDENTIAL	$288,000	120 ft
2900 40TH AVE S MINNEAPOLIS MN 55406	ROBERT COWLE	RESIDENTIAL	$361,600	128 ft
2853 39TH AVE S MINNEAPOLIS MN 55406	J E EIDSNESS & M K GAMBLE	RESIDENTIAL	$298,500	141 ft
2849 39TH AVE S MINNEAPOLIS MN 55406	THOMAS JUDE HAUTMAN	RESIDENTIAL	$282,400	147 ft
2836 40TH AVE S MINNEAPOLIS MN 55406	AMY JO WALKNER	RESIDENTIAL	$315,200	160 ft
2845 39TH AVE S MINNEAPOLIS MN 55406	DAVID J WEISS	RESIDENTIAL	$273,900	162 ft
2904 40TH AVE S MINNEAPOLIS MN 55406	BETSY BUSS	RESIDENTIAL	$304,700	178 ft
2841 39TH AVE S MINNEAPOLIS MN 55406	CARRIE B FINK & REID JOHNSON	RESIDENTIAL	$290,500	185 ft

Property History

Current Tax Year

Year2026

Tax Due$4,390