Lori Gustafson

2901 40th Avenue S

Minneapolis, MN
$ 400,000 Beds 3 Baths 2 Sq 1,978 Virtual Tour
Monthly Estimate* How much can I afford?

Conveniently located, only a short walk to the river as well as restaurants and shopping, you can relax and enjoy life in this perfect blend of home and security! Essential updates are here for your peace of mind and easy living: new roof and gutters in 2023, radon mitigation system already installed, drain tiled with a sump pump for a dry basement, and you'll love having central air for summer comfort and a gas fireplace in the living room to keep you cozy during winter nights. Set up ideally for entertaining friends and family both indoors and out, you'll enjoy the renovated kitchen with custom cabinets, the finished and heated front porch, or else your sunny backyard urban oasis awaits, featuring a patio in the fully fenced flat corner lot with a two car garage. There's so much to love about this move-in condition home - is this the one you've been waiting for?

Single Family

  • Price
  • $ 400,000
  • City
  • Minneapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Dormans 1st Add
  • Lot Size
  • 0.16 Acres
  • Zip
  • 55406
  • Sqr Footage
  • 1,978
  • Year Built
  • 1919
  • Taxes
  • $ 5156
  • Style
  • Single Family
  • MLS#
  • 7148893
Listed By: Edina Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1978
Sewer City Sewer/Connected
Heating Baseboard,Forced Air
Cooling Central Air
Roof Age 8 Years or Less
Appliances Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Washer
Garage Spaces 2
Year Built 1919
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Dormans 1st Add
Other Structures Storage Shed
Full Baths 1
Directions Corner of 40th Ave S and E 29th St.
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 5156.94
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=DnaHJ7uwjJn&mls=1
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Patio,Porch
PostalCity Minneapolis

Interior Features

Basement Block,Drain Tiled,Egress Window(s),Finished,Full,Sump Pump
Total Fireplaces 1
Fireplace Features Gas,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1266
3/4 Baths 1
Laundry Features Lower Level
Total Bedrooms 3
Below Grade Finished Area 712
Total Baths 2
Bath Desc 3/4 Basement,Main Floor Full Bath
Fuel Natural Gas
Garage Square Feet 440

Exterior Features

Fencing Full,Vinyl
Parking Features Detached Garage,Electric Vehicle Charging Station(s),Garage Door Opener
Lot Features Corner Lot
Water Source City Water/Connected
Lot Size Area 0.16
Building Area Total 2266
Lot Dimensions 54x129
Waterfront Y/N No
Foundation Area 1000

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

9/23/2026 Listed $400,000

Property vs Zip Code Average in 55406

Price
AVG $400K
$400K
Taxes
AVG $4,210
$5,156
Year Built
AVG 1945
1919

In The Neighborhood

Areas That We Cover

2901 40th Avenue S Minneapolis, MN is a Single Family Home for sale at $400000 with 1978 sqft and a lot size of 0.16 Acres Acre(s). 2901 40th Avenue S Minneapolis has 3 bedrooms, 2 baths and was built in 1919. 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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