3200 41ST AVE S MINNEAPOLIS MN 55406

PID: 0602823130031

Property Overview

Parcel ID0602823130031

Lot Size4,773 sq ft (0.110 ac)

Lot Dimensions (est.)128 ft wide × 37 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJ M CLELAND & TIM SCHUMANN

Assessed Value$354,200

Land Value$137,000

Building Value$217,200

Annual Tax$5,277

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

No permits found in Minneapolis open data for this parcel.

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+0.7% YoY

Median price / sqft$237/sqft

Median days to close34 days

Active listings42

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 width115 ft

Buildable depth0 ft

Area~2,137 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 2,137 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
3204 41ST AVE S MINNEAPOLIS MN 55406	S PETERSON & A PETERSON	RESIDENTIAL	$417,900	39 ft
3208 41ST AVE S MINNEAPOLIS MN 55406	BRIANNA WILSON	RESIDENTIAL	$406,000	78 ft
3212 41ST AVE S MINNEAPOLIS MN 55406	DEBORAH ANN OCKWIG	RESIDENTIAL	$316,400	119 ft
3201 40TH AVE S MINNEAPOLIS MN 55406	MICHAEL LOPRESTI	RESIDENTIAL	$281,000	142 ft
3148 41ST AVE S MINNEAPOLIS MN 55406	AW HOMES LIMITED	COMMERCIAL-PREFERRED	$857,500	146 ft
3205 40TH AVE S MINNEAPOLIS MN 55406	AUDRE P JOHNSON	RESIDENTIAL	$301,000	148 ft
3216 41ST AVE S MINNEAPOLIS MN 55406	MALENA THOSON/STEVEN BATEMAN	RESIDENTIAL	$487,000	159 ft
3209 40TH AVE S MINNEAPOLIS MN 55406	JACOB W SCHLESINGER	RESIDENTIAL	$333,600	163 ft
3155 40TH AVE S MINNEAPOLIS MN 55406	ROHAN B PURI TRUST	RESIDENTIAL	$427,500	176 ft
3215 40TH AVE S MINNEAPOLIS MN 55406	JANE G HENDERSON	RESIDENTIAL	$359,200	186 ft

Property History

Most Recent Sale

Date200410

Price$229,900

TypeOTHER

Current Tax Year

Year2026

Tax Due$5,277