Taxes
- Assessed Value: $1,546,800
- Assessed Year: 2025
- Assessed County: Hennepin
- APN: 17-027-24-44-0046
- Assessed Land Value: 240000
- Market Land Value: 240000
- Tax Amount: 25988.08
- Tax Year: 2025
- Market Value: 1546800
- Market Year: 2025
10040 Penn Ave; Minneapolis, MN Property Details
Off market
10040 Penn Ave S Minneapolis, MN 55431
$1,546,800 Estimated Value
3,963 SqFt
Property Type
Apt House 5+ UnitsProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 1987
- Purchase Price: $525,000
- Open Loans / Balance: 1 / $497,079
- APN: 17-027-24-44-0046
- Situs County: Hennepin
- Length Of Ownership: 28 years, 8 months
Structure
- Floor Cover Type: Wood
- Stories: 1
- Pool Type: Yes
Measurements
- Total: 3,963/SqFt
- Lot: 37,026/SqFt
- Gross: 11,763/SqFt
- Garage: 3,696/SqFt
- Living: 3,963/SqFt
- Building: 3,963/SqFt
- Ground: 3,963/SqFt
- Garage Unfinished: 3,696/SqFt
- Price Per Square Foot: $132.48
Legal Description
- Description: LOT 001 BLOCK 001 A DREXEL APARTMENTS 1ST ADDN 165 X 224
Building Insights
Land Information
- Property Type: Apt House 5+ Units
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Bloomington Public School District
- Lat / Lon: 44.82095 / -93.30963
- Subdivision: Drexel Apartments 1st Addn
- Property Class: Residential
- County Use Code: A
Amenities
- Pool: true
- Plus Four: 2965
- Garage: Detached Garage
- Parking: 12
Ownership Info
10040 Penn Ave S has no associated ownership info
10040 Penn Ave S has no associated ownership info.
Taxes
10040 Penn Ave S has 10 associated Taxes items
10040 Penn Ave, Minneapolis, MN pays taxes in Hennepin County, MN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $1,546,800. The APN we've located for 10040 Penn Ave is 17-027-24-44-0046.
Unlock the full reportTax History
10040 Penn Ave S has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $1,546,800 | Land Value $240,000 | Improvement Value $1,306,800 | Tax Amount $25,988.08 | Change Rate +0.014483% | Assessed CR | Tax Rate +0.016801% |
| Year 2024 | Assessed Value $1,621,900 | Land Value $240,000 | Improvement Value $1,381,900 | Tax Amount $25,617.08 | Change Rate +0.018774% | Assessed CR | Tax Rate +0.015794% |
| Year 2023 | Assessed Value $1,721,300 | Land Value $240,000 | Improvement Value $1,481,300 | Tax Amount $25,145 | Change Rate +0.087791% | Assessed CR | Tax Rate +0.014608% |
| Year 2022 | Assessed Value $1,825,800 | Land Value $240,000 | Improvement Value $1,585,800 | Tax Amount $23,115.66 | Change Rate +0.036054% | Assessed CR | Tax Rate +0.012661% |
| Year 2021 | Assessed Value $1,478,800 | Land Value $240,200 | Improvement Value $1,238,600 | Tax Amount $22,311.24 | Change Rate +0.05358% | Assessed CR | Tax Rate +0.015087% |
| Year 2020 | Assessed Value $1,444,700 | Land Value $240,200 | Improvement Value $1,204,500 | Tax Amount $21,176.6 | Change Rate -0.018963% | Assessed CR | Tax Rate +0.014658% |
| Year 2019 | Assessed Value $1,333,400 | Land Value $240,200 | Improvement Value $1,093,200 | Tax Amount $21,585.94 | Change Rate +0.118446% | Assessed CR | Tax Rate +0.016189% |
| Year 2018 | Assessed Value $1,333,400 | Land Value $240,200 | Improvement Value $1,093,200 | Tax Amount $19,299.94 | Change Rate +0.240981% | Assessed CR | Tax Rate +0.014474% |
| Year 2017 | Assessed Value $938,000 | Land Value $240,200 | Improvement Value $697,800 | Tax Amount $15,552.16 | Change Rate -0.055968% | Assessed CR | Tax Rate +0.01658% |
| Year 2016 | Assessed Value $937,900 | Land Value $240,200 | Improvement Value $697,700 | Tax Amount $16,474.18 | Change Rate +0.106156% | Assessed CR | Tax Rate +0.017565% |
| Year 2015 | Assessed Value $815,600 | Land Value $240,200 | Improvement Value $575,400 | Tax Amount $14,893.18 | Change Rate | Assessed CR | Tax Rate +0.01826% |
| Year 2014 | Assessed Value $776,800 | Land Value $240,200 | Improvement Value $536,600 | Tax Amount | Change Rate | Assessed CR | Tax Rate |