3241 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824130033

Property Overview

Parcel ID0102824130033

Lot Size5,454 sq ft (0.125 ac)

Lot Dimensions (est.)137 ft wide × 40 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerJ CHANEY & R MARTY

Assessed Value$328,200

Land Value$106,000

Building Value$222,200

Annual Tax$5,100

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth96 ft

Area~2,891 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,891 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3237 24TH AVE S MINNEAPOLIS MN 55406	A A TAMBORNINO & L A ABEL	RESIDENTIAL	$192,900	40 ft
3245 24TH AVE S MINNEAPOLIS MN 55406	JULIE A TOTH	RESIDENTIAL	$311,900	47 ft
3233 24TH AVE S MINNEAPOLIS MN 55406	GLORIA J KETTERING-JAEGER	RESIDENTIAL	$226,300	80 ft
3249 24TH AVE S MINNEAPOLIS MN 55406	BRUCE R BOHNE	RESIDENTIAL	$207,700	101 ft
3229 24TH AVE S MINNEAPOLIS MN 55406	ANTHONY C & PAMELA R BAILEY	RESIDENTIAL	$295,900	121 ft
3223 24TH AVE S MINNEAPOLIS MN 55406	J C HAYES & A M PROCHASKA	RESIDENTIAL	$399,500	160 ft
2428 33RD ST E MINNEAPOLIS MN 55406	P TURNER/B TURNER JR	RESIDENTIAL	$536,000	176 ft
2328 33RD ST E MINNEAPOLIS MN 55406	KRISTIN L GRIEVE	RESIDENTIAL	$212,100	181 ft
3219 24TH AVE S MINNEAPOLIS MN 55406	SPRINGKEEPER REVOC LIV TRUST	RESIDENTIAL	$318,800	196 ft
3216 25TH AVE S MINNEAPOLIS MN 55406	ECLIPSE INVESTMENTS LLC	APARTMENT	$1,048,000	211 ft

Property History

Most Recent Sale

Date202111

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,100