2817 40TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430167

Property Overview

Parcel ID3102923430167

Lot Size5,166 sq ft (0.119 ac)

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

Year Built1962

Property ClassRESIDENTIAL

OwnerSUSAN MARY JOHNSON HANLON

Assessed Value$359,600

Land Value$148,000

Building Value$211,600

Annual Tax$5,367

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

1 permit on record since 2024 · $21K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$21K

KAUFMAN SHEET METAL ROOFING 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~2,674 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 2,674 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
2813 40TH AVE S MINNEAPOLIS MN 55406	TIMOTHY J OLUND	RESIDENTIAL	$334,400	40 ft
2821 40TH AVE S MINNEAPOLIS MN 55406	T G ANDOR & C ANDOR	RESIDENTIAL	$345,700	40 ft
2809 40TH AVE S MINNEAPOLIS MN 55406	JANINE D DUKE	RESIDENTIAL	$375,700	80 ft
2825 40TH AVE S MINNEAPOLIS MN 55406	IAN BELTER/STEPHANIE SCHMID	RESIDENTIAL	$326,000	80 ft
2805 40TH AVE S MINNEAPOLIS MN 55406	A J SUTTER/S J SUTTERSUB/LE	RESIDENTIAL	$319,300	120 ft
2829 40TH AVE S MINNEAPOLIS MN 55406	S RHEINGANS & K RHEINGANS	RESIDENTIAL	$359,100	120 ft
2816 41ST AVE S MINNEAPOLIS MN 55406	A POPP & C ATKINSON	RESIDENTIAL	$356,000	141 ft
2820 41ST AVE S MINNEAPOLIS MN 55406	J R HOOPER & M A NYLUND	RESIDENTIAL-TWO UNIT	$447,900	144 ft
2812 41ST AVE S MINNEAPOLIS MN 55406	JOAN MARIE PETERSON	RESIDENTIAL	$338,000	150 ft
2833 40TH AVE S MINNEAPOLIS MN 55406	B J JACOBS & J K DAMBERG	RESIDENTIAL	$368,600	160 ft

Property History

Current Tax Year

Year2026

Tax Due$5,367