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2808 40th Ave S, Minneapolis, MN, 55406

2beds
2baths
1,572sqft
$339,900
$216price/sqft
$2,685/moest. monthly cost
$107,400/yrincome needed

About This Home

This beautifully refreshed home is ideally located just steps from the Mississippi River, scenic walking and biking trails, and an array of neighborhood shops and restaurants. Thoughtfully updated throughout, the home features brand-new LVP flooring, new kitchen, fresh interior and exterior paint, and new appliances—offering a truly move-in-ready experience. The main level boasts an inviting living room with abundant natural light, a dedicated dining room, a bright and functional kitchen, and a convenient half bath. Upstairs, you’ll find a spacious 3/4 bath and two comfortable bedrooms, perfect for restful nights or a home office setup. With its modern updates, unbeatable location, and charming layout, this home is the perfect blend of comfort, convenience, and Minneapolis living.

Getting Around

73
WalkingVery Walkable
41
TransitSome Transit
98
BikeBiker's Paradise

Schools

1/10
Anishinabe AcademyGrades PK-50.5 mi
--
Andersen CommunityGrades PK-82.1 mi
6/10
South Senior High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1918

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Block

Bedroom

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 624

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,572
  • Total interior livable area: 1,572 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Porch

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3102923430160
  • Zoning description: Residential-Single Family
  • Foundation area: 624

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Porch

Lot

  • Lot size: 5,227 sqft
  • Lot size dimensions: 129 x 40

Parking

  • Total spaces: 1
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $1,718$20,616
Home Insurance *$205$2,460
Property Taxes $592$7,104
Electricity $170$2,050
Total$2,685$32,220
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$92,057/yr
40% on housing$80,550/yr
45% on housing$71,600/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$216This listing

vs Other Active Listings

Avg $/sqft

ZIP 55406$164
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55406$247
Hennepin County$207

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

DateEventPrice
2026-05-08Price change$344,900
2026-04-24Price change$354,900
2026-03-25Listed for sale$364,900
2026-01-30Listing removed$315,000
2025-12-18Price change$315,000
2025-11-21Listed for sale$325,000

For Sale by Agent

AgentCorey McCracken
BrokerageRE/MAX Professionals

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