Seller's Agent in 2025
Gregory Yurick
RE/MAX Results
(612) 296-7806
1 in this area
79 Total Sales
5312 40th Ave S Minneapolis, MN 55417
Minnehaha Neighborhood
1
Bed
1
Bath
592
Sq Ft
5,227
Sq Ft Lot
Highlights
- Vaulted Ceiling
- Den
- Living Room
- No HOA
- Eat-In Kitchen
- 1-Story Property
About This Home
As of September 2025Multiple offers received. Highest and best due in writing by 2:30 pm on Sunday September 7, 2025. This home/lot is a tear down, which is exempt from MPLS TISH requirements. Value is in the lot. Great situation for a builder to do the demolition and add a new home. Several have already been done in the area. Both homes on either side of this lot are large homes. Walking through the home is allowed, but it's in need of repairs. Preferred offers will have: AS-IS addendum, quick closing, proof of cash funds, and clause that enables seller to keep the newer furnace when buyer begins demotion.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,145
Year Built
- Built in 1922
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 40x128
- Wood Fence
- Many Trees
Parking
- 1 Car Garage
Home Design
- Wood Siding
Interior Spaces
- 1-Story Property
- Vaulted Ceiling
- Living Room
- Den
- Basement
- Block Basement Construction
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- No Cooling
- Forced Air Heating System
- Gas Water Heater
Community Details
- No Home Owners Association
- Minnehaha Falls 2Nd Addn To Mlps Subdivision
Listing and Financial Details
- Assessor Parcel Number 1802823430116
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2025
Closed on
Sep 23, 2025
Sold by
Warner E Gunsell Revocable Trust and Gunsell Warner E
Bought by
Redevelopment Llc
Seller's Agent
Gregory Yurick
RE/MAX Results
Buyer's Agent
Jeremy Rock
Lakes Area Realty G.V.
List Price
$144,900
Sold Price
$151,000
Premium/Discount to List
$6,100
4.21%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
117.27%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $151,000 | All American Title Company |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | Sold | $151,000 | +4.2% | $255 / Sq Ft |
| 09/09/2025 09/09/25 | Pending | -- | -- | -- |
| 09/04/2025 09/04/25 | For Sale | $144,900 | -- | $245 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,146 | $218,000 | $136,000 | $82,000 |
| 2023 | $2,987 | $223,000 | $136,000 | $87,000 |
| 2022 | $2,425 | $212,000 | $102,000 | $110,000 |
| 2021 | $1,879 | $193,000 | $82,000 | $111,000 |
| 2020 | $1,920 | $160,500 | $55,200 | $105,300 |
| 2019 | $1,758 | $153,000 | $36,800 | $116,200 |
| 2018 | $1,517 | $139,000 | $36,800 | $102,200 |
| 2017 | $1,560 | $124,000 | $33,500 | $90,500 |
| 2016 | $1,500 | $117,500 | $33,500 | $84,000 |
| 2015 | $1,575 | $117,500 | $33,500 | $84,000 |
| 2014 | -- | $112,000 | $35,900 | $76,100 |
Source: Public Records
Agents Affiliated with this Home
-
Gregory Yurick
-
Jeremy Rock
Buyer's Agent in 2025
Jeremy Rock
Lakes Area Realty G.V.
(612) 616-6916
8 in this area
77 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6773545
APN: 18-028-23-43-0116
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