5312 40th Ave S Minneapolis, MN 55417
Minnehaha NeighborhoodEstimated payment $1,044/month
About This Lot
Multiple 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. IF there are multiple offers, Sellers DO NOT authorize Listing Broker to release the number of offers to any Buyers Realtor.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,125
Lot Details
- Lot Dimensions are 40x128
Community Details
- No Home Owners Association
- Minnehaha Falls 2Nd Add Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $144,900 | -- | -- |
Source: NorthstarMLS
MLS Number: 6773547
APN: 18-028-23-43-0116
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