1240 4th Ave E, Shakopee, MN 55379 Property Records

Scott County property record for 1240 4th Ave E, Shakopee, MN 55379

Property Summary

Property Type	Apartments (5+ Units)
Details	20 bd · 24 ba · 16,980 sqft · built 1971
Lot Size	1.38 acres (60,113 sqft)
Owner	Company Name on File
Last Sale	$1,690,000 (Dec 2003)
Tax Bill	$40,696 (2026)
Deeds & Mortgages	Mar 2021 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`27-906017-0`

Property Details

APN / Parcel Number

Primary APN	`27-906017-0`

Interior

Bedrooms	20 Beds
Full Baths	24 Baths
Building Area	16,980 sqft Total Area

Exterior

Year Built	Built 1971
Effective Year Built	Effective 1971
Roof Type	Flat
Roof Material	Built-Up Asphalt
Lot Area	60,113 sqft (1.38 acres)
Garage Area	6,435 sqft

Utilities, Heating & Cooling

Heating System	Space Heater

Location & Zoning

Street Address	1240 4TH AVE E
City	SHAKOPEE
State	MN
Zip	55379-1677
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	SECTION 06 TOWNSHIP 115 RANGE 022 E 180' OF W 380' OF N 333' OF W3/4 NW1/4 SE1/4
Legal Range	22W
Legal Township	115
Legal Section	06
Jurisdiction	SCOTT MN
Township / Civil Division	SHAKOPEE
Census Block Group	1
Census Block	1031
Census Tract	80303

Owner

Source: Scott County assessment roll, as of May 12, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	16421 HOLBROOK AVE, LAKEVILLE, MN 55044-4424
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Dec 4, 2003 · Amount on Record
Deed Sale	Dec 4, 2003 · Amount on Record
Deed Document Number	200342893
Record Updated	Sep 20, 2026

March 2021: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	SCOTT MN
Recording Date	Mar 20, 2021
Property Address	1240 4TH AVE E, SHAKOPEE, MN 55379-1677
Document Number	0001123121
Instrument Date	Mar 12, 2021
Instrument	1123121
Transaction Type	Transfer
Record Updated	Apr 29, 2022
Title Company	LAND TITLE CORPORATION, LAND TITLE INC

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	16421 HOLBROOK AVE, LAKEVILLE, MN 55044-4424

Mortgage

Document Number	0001123122
Date	Mar 20, 2021
Instrument	1123122

Lender

Name	ROYAL CU
Type	Credit Union

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	300 Months
Due	Mar 15, 2046

Tax Assessment & Valuation

Source: Scott County assessment roll, as of May 12, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Scott County
Municipality	Shakopee City
Unified School District	Shakopee Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$40,696.00 (+4.26%)	$3,182,700 (+3.79%) Land $360,000 Building $2,822,700	$3,182,700 (+3.79%) Land $360,000 Building $2,822,700
2025	$39,034.00 (-5.17%)
2024	$41,160.00 (+1.42%)	$3,066,500 (-4.01%) Land $360,000 Building $2,706,500	$3,066,500 (-4.01%) Land $360,000 Building $2,706,500
2023	$40,582.00	$3,194,500 Land $360,000 Building $2,834,500	$3,194,500 Land $360,000 Building $2,834,500

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective January 6, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 60% of Minnesota
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Shakopee serves 47,000 people · EPA ID MN1700009
Water Source	Groundwater
Last State Inspection	Jul 2025
Lead	2 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 162 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Holdings Fiber	5,120 / 5,120
Xfinity Cable	2,000 / 250
Lumen Technologies DSL · Fiber in parts of the area	140 / 20
Netwave Broadband Fixed Wireless · Fiber in parts of the area · not low latency	125 / 40

May also be available: AT&T, LTD Broadband, T-Mobile USA, Verizon.

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