3940 Park Ave, Minneapolis, MN, 55407
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1912
Type & Style
- Home type: MultiFamily
- Property subType: Duplex Up and Down
Interior
Appliances
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Owner Access,Partially Finished,Single Tenant Access,Storage Space,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Finished area below ground: 0
- Finished area above ground: 0
Heating
- Heating features: Hot Water
Interior Area
- Total structure area: 3,944
- Total interior livable area: 3,944 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 1102824220096
- Zoning description: Residential-Multi-Family
- Foundation area: 1276
Features
- Levels: Two
- Pool features: None
- Patio & porch: Other
- Fencing: None
- Topography of land: High Ground
Lot
- Lot size: 7,434 sqft
- Lot size dimensions: 63 x 118
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,396 | $28,752 |
| Home Insurance * | $323 | $3,876 |
| Property Taxes | $793 | $9,516 |
| Electricity | $332 | $3,991 |
| Total | $3,844 | $46,128 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Price change | $474,000 |
| 2026-02-04 | Price change | $475,000 |
| 2025-11-20 | Listed for sale | $489,900 |
| 2002-03-05 | Sold | $335,000 |
View on Zillow