RealtyLens
for saleRealtyLens property overview
$380,000

2813 40th Ave S

Minneapolis, MN, 55406
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2Beds
1Baths
1,367Sqft
$278$/sqft

Listing Notes

This adorable rambler has been lovingly cared for by the same family since 1964 and now its ready for its next chapter. Thoughtfully updated while preserving touches of its original 1960s charm, this home blends character with modern comfort. Step inside to find fresh updates throughout, including new carpet and LVP flooring, quartz countertops, tile backsplash, updated kitchen sink and faucet, cabinet hardware, and all-new stainless steel appliances. The bathroom has been refreshed with a new vanity, toilet, and fixtures, while the hardwood floors in both bedrooms have been beautifully sanded and refinished. The lower level features a spacious family room with new carpet, a flex room and newly epoxied floors along with plenty of storage space and a new washer and dryer, offering clean and functional space. Additional updates include fresh interior paint and newly painted exterior trim. For added peace of mind, a pre-inspection and sewer scope have already been completed, with a new sewer liner installed to address prior cracking. A one-year home warranty is also included. A well-loved home with meaningful updates ready for you to move in and make it your own.

Market Insights

Above nearby median+5.7%

$278/sqft vs a nearby median of $263/sqft.

Nearby median$263/sqft
Nearby properties8
Property size1,367 sqft
  • +5.7% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,367 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$352k$320k$384k · 50% confidence
vs ask $380k+$28k (+7.4%)

Asking price is about 7.4% above where comps + adjustments land — there is room to negotiate.

$261/sqft median across 7 tight comps × 1,367 sqft= $357k
  • Mid-century building era−$5k −1.5%
Cumulative NYC adjustments−$5k−1.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+5.7% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
7 days
Last price change
No change recorded
Listed
May 5, 2026
Photos
29 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$380,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.