Lori Gustafson

3528 40th Avenue S

Minneapolis, MN
$ 390,000 Beds 3 Baths 1.5 Sq 1,863 Virtual Tour
Monthly Estimate* How much can I afford?

Welcome home to this charming one and a half story home in the desirable Howe neighborhood! Offering three bedrooms, two bathrooms, and a detached one-car garage, this home blends classic character with thoughtful updates and flexible living spaces. Step inside to a spacious living room filled with natural light from surrounding windows. Beautiful hardwood floors and a charming archway lead into the dining room. Fully remodeled kitchen with new cabinets, quartz countertops, stainless steel induction range, panel front dishwasher, and microwave (all updated in 2026). The kitchen provides access to a sunny screened-in porch, creating the perfect spot to relax and enjoy the fully fenced backyard. Completing the main level are two bedrooms and a three-quarter bathroom. Upstairs, you'll find a spacious third bedroom along with a versatile flex room that can serve as a home office, media room, playroom, reading nook, or hobby space to fit your lifestyle. The lower level offers excellent potential to expand your living space by finishing the ceiling and creating a comfortable family room, recreation area, home gym, or additional entertaining space, with a convenient workbench already in place. Ideally located just half a mile from the river with fantastic running and cycling opportunities, this home is also near Minnehaha Park, Mississippi River trails, neighborhood parks, local restaurants, coffee shops, and shopping. Convenient access to Highway 55 and I-94 makes commuting a breeze. Enjoy all the charm, outdoor recreation, and vibrant community the Howe neighborhood has to offer!

Single Family

  • Price
  • $ 390,000
  • City
  • Minneapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Auditors Sub 236
  • Lot Size
  • 0.12 Acres
  • Zip
  • 55406
  • Sqr Footage
  • 1,863
  • Year Built
  • 1939
  • Taxes
  • $ 5324
  • Style
  • Single Family
  • MLS#
  • 7133677
Listed By: Pemberton RE
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1863
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Asphalt
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Garage Spaces 1
Year Built 1939
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Accessibility Grab Bars In Bathroom
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Auditors Sub 236
Directions Lake Street to 40th Ave S
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 5324
Additional Parcels Y/N No
Virtual Tour https://www.zillow.com/view-imx/9ed22cf5-59f9-44b9-841e-55a91305f335?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Lender Owned No
PostalCity Minneapolis

Interior Features

Basement Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1390
Half Baths 1
3/4 Baths 1
Total Bedrooms 3
Below Grade Finished Area 473
Total Baths 2
Bath Desc 1/2 Basement,Main Floor 3/4 Bath
Dining Room Description Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 12x20
Garage Square Feet 240

Exterior Features

Parking Features Detached Garage
Water Source City Water/Connected
Lot Size Area 0.12
Building Area Total 2232
Lot Dimensions 39x128
Waterfront Y/N No
Foundation Area 842

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/26/2026 Listed $392,500
9/17/2026 1% - $390,000

Property vs Zip Code Average in 55406

Price
AVG $410K
$390K
Taxes
AVG $4,323
$5,324
Year Built
AVG 1944
1939
Visits
AVG 70
43
Data Provided by Inside Real Estate®

Areas That We Cover

3528 40th Avenue S Minneapolis, MN is a Single Family Home for sale at $390000 with 1863 sqft and a lot size of 0.12 Acres Acre(s). 3528 40th Avenue S Minneapolis has 3 bedrooms, 1 baths and was built in 1939. The property's zip code is 55406 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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