2805 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430164

Property Overview

Parcel ID3102923430164

Lot Size5,165 sq ft (0.119 ac)

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

Year Built1963

Property ClassRESIDENTIAL

OwnerA J SUTTER/S J SUTTERSUB/LE

Assessed Value$319,300

Land Value$148,000

Building Value$171,300

Annual Tax$4,693

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2019 · $29K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$9K

ARDMOR CONSTRUCTION

MiscDec 2023Closed

$14K

ARDMOR CONSTRUCTION

RemodelMay 2023Closed

$6K

EGRESS WINDOW GUY

ExistresNov 2019Closed

Standard Heating and Air Conditioning Inc

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 width30 ft

Buildable depth89 ft

Area~2,673 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 2,673 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
2809 40TH AVE S MINNEAPOLIS MN 55406	JANINE D DUKE	RESIDENTIAL	$375,700	40 ft
2801 40TH AVE S MINNEAPOLIS MN 55406	ALLEN C KRAMER	RESIDENTIAL	$466,100	50 ft
2813 40TH AVE S MINNEAPOLIS MN 55406	TIMOTHY J OLUND	RESIDENTIAL	$334,400	80 ft
2817 40TH AVE S MINNEAPOLIS MN 55406	SUSAN MARY JOHNSON HANLON	RESIDENTIAL	$359,600	120 ft
2804 41ST AVE S MINNEAPOLIS MN 55406	KAREN M DUNCAN	RESIDENTIAL	$375,200	142 ft
2808 41ST AVE S MINNEAPOLIS MN 55406	T M MUNGAVAN & D M JACOBS	RESIDENTIAL	$353,000	143 ft
4021 28TH ST E MINNEAPOLIS MN 55406	JEAN FRASER	RESIDENTIAL	$378,000	152 ft
2812 41ST AVE S MINNEAPOLIS MN 55406	JOAN MARIE PETERSON	RESIDENTIAL	$338,000	157 ft
2821 40TH AVE S MINNEAPOLIS MN 55406	T G ANDOR & C ANDOR	RESIDENTIAL	$345,700	160 ft
2753 40TH AVE S MINNEAPOLIS MN 55406	BETH A LEWIS REV TRUST	RESIDENTIAL	$415,000	179 ft

Property History

Most Recent Sale

Date201710

Price$231,100

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,693