2840 42ND AVE S MINNEAPOLIS MN 55406

PID: 3102923430206

Property Overview

Parcel ID3102923430206

Lot Size5,172 sq ft (0.119 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerJ HORSMAN & C HORSMAN

Assessed Value$346,000

Land Value$148,000

Building Value$198,000

Annual Tax$5,140

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

2 permits on record since 2019 · $15K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$15K

ALL AROUND PROPERTY PRESERVATION

ResOct 2019Closed

BONFES PLUMBING HEATING AND AIR SERVICE 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~2,678 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 2,678 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
2844 42ND AVE S MINNEAPOLIS MN 55406	C GEGAX & S W ELLIOTT	RESIDENTIAL	$365,400	40 ft
2836 42ND AVE S MINNEAPOLIS MN 55406	JOAN M BECK	RESIDENTIAL	$228,600	40 ft
2848 42ND AVE S MINNEAPOLIS MN 55406	C M DEGER & D C GIECK	RESIDENTIAL	$355,100	80 ft
2832 42ND AVE S MINNEAPOLIS MN 55406	LISA GLASS MARTINEZ	RESIDENTIAL	$332,900	80 ft
2852 42ND AVE S MINNEAPOLIS MN 55406	D & V SCHANKE	RESIDENTIAL	$350,500	120 ft
2828 42ND AVE S MINNEAPOLIS MN 55406	C M TALLENT & D TALLENT	RESIDENTIAL	$382,900	120 ft
2841 41ST AVE S MINNEAPOLIS MN 55406	ROBERT D CLOUGH FAMILY TRUST	RESIDENTIAL	$628,000	142 ft
2845 41ST AVE S MINNEAPOLIS MN 55406	REUBEN E HOUSER	RESIDENTIAL	$396,300	146 ft
2824 42ND AVE S MINNEAPOLIS MN 55406	DAVID T PASS & ANNE P PASS	RESIDENTIAL	$324,500	160 ft
2833 41ST AVE S MINNEAPOLIS MN 55406	JOHN HIBSCHER	RESIDENTIAL	$331,400	162 ft

Property History

Most Recent Sale

Date200406

Price$100,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,140