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CondominiumResidential
$71,677$109 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 86How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $73,000 on Oct 7, 2025

1405 E 40TH ST

MINNEAPOLIS, MN 55407
Building report
1
Beds
1
Baths
659 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3.66 ac
Lot SizeThe size of the land the home sits on, from county records.
1965
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
3
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$72K
$62K low$82K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$73,000 · Oct 7, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,542 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$100,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$10,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$90,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$118,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$100,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.28 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyHENNEPIN
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Roll Tar & Gravel
HeatingThe type of heating system in the home.Hot Water
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Bancroft Elementary SchoolB-
Elementary · Grades PK–5 · 0.3 mi
H
South High SchoolD+
High · Grades 9–12 · 1.2 mi
M
Andersen United Middle School
Middle · Grades 6–8 · 1.6 mi

District: Minneapolis Public School District

Neighborhood · ZIP 55407These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.105
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.7

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.33%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.14%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.37,625
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.10,105 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$75,455
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$98,042
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.31 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1405 E 40th St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the least valuable homes in Bancroft
  • Among the lowest price per square foot in Bancroft
  • Smaller than 98% of homes in Hennepin County
  • Among the largest lots in Bancroft
  • Newer than 98% of homes in Bancroft

What homes are worth in Minneapolis 55407

Each bar is how many homes fall in that price range. The marker is this home.

This home
$92K$501K

This home is worth less than almost all homes in Minneapolis 55407.

How it measures up in Minneapolis 55407

The dot is this home. The mark in the middle is the typical home in Minneapolis 55407.

Estimated value$71,677
CheaperTypical $285,138Pricier

Cheaper than almost all homes nearby

Price per ft²$109
CheaperTypical $226Pricier

Cheaper than almost all homes nearby

Living area659 ft²
SmallerTypical 1,344 ft²Bigger

Bigger than 3% of homes nearby

Lot size3.66 ac
SmallerTypical 0.12 acBigger

Bigger than 98% of homes nearby

Year built1965
OlderTypical 1920Newer

Newer than 92% of homes nearby

How 1405 E 40th St ranks against every home in each area.
MeasureThis homeBancroftMinneapolis 55407Hennepin County
Estimated valuepricier than$71,677almost no homesalmost no homesalmost no homes
Price per ft²pricier than$109almost no homesalmost no homesalmost no homes
Living areabigger than659 ft²6% of homes3% of homes2% of homes
Lot sizebigger than3.66 acalmost all homes98% of homes96% of homes
Year builtnewer than196598% of homes92% of homes46% of homes

About 1405 E 40th St

How much is 1405 E 40th St, Minneapolis, MN worth?

The TopHap Estimate for 1405 E 40th St, Minneapolis, MN is $71,677 as of Sep 24, 2026. The likely range is $61,753 to $81,601. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1405 E 40th St, Minneapolis, MN last sell?

1405 E 40th St, Minneapolis, MN last sold on Oct 7, 2025 for $73,000, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

How big is 1405 E 40th St, Minneapolis, MN?

1405 E 40th St, Minneapolis, MN has 1 bedrooms, 1 bathrooms and 659 square feet of living space.

When was 1405 E 40th St, Minneapolis, MN built?

1405 E 40th St, Minneapolis, MN was built in 1965, making it 61 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 1405 E 40th St, Minneapolis, MN?

1405 E 40th St, Minneapolis, MN is assigned to Bancroft Elementary School (elementary), rated B-; South High School (high), rated D+; Andersen United Middle School (middle). All sit in Minneapolis Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1405 E 40th St, Minneapolis, MN compare to other homes in Minneapolis 55407?

Among the 10,326 homes in Minneapolis 55407, it is worth more than almost none of them ($71,677 against a typical $285,138), its price per square foot is higher than almost none of them ($109 against a typical $226), it is bigger than 3% of them (659 ft² against a typical 1,344 ft²), its lot is bigger than 98% of them (3.66 ac against a typical 0.12 ac) and it is newer than 92% of them (1965 against a typical 1920). Measured against all of Hennepin County, it is worth more than almost no homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1405 E 40th St, Minneapolis, MN?

The 2025 property tax bill for 1405 E 40th St, Minneapolis, MN was $1,542. The county assessed it at $100,000.

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