3301 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824130074

Property Overview

Parcel ID0102824130074

Lot Size35,852 sq ft (0.823 ac)

Lot Dimensions (est.)137 ft wide × 261 ft deep

Year Built1982

Property ClassCOMMERCIAL-PREFERRED

OwnerNW BELL TELEPHONE CO

Assessed Value$1,230,000

Land Value$309,000

Building Value$921,000

Annual Tax$45,836

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

2 permits on record since 2000 · $2.1M total declared value · Most recent: Apr 2003 (building re-inspection)

Building Re-inspectionApr 2003

$140K

Building Re-inspectionFeb 2000

$1.9M

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Corcoran · 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width124 ft

Buildable depth221 ft

Area~24,097 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 24,097 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3312 25TH AVE S MINNEAPOLIS MN 55406	ALEX D SMITH	RESIDENTIAL	$265,400	147 ft
3310 25TH AVE S MINNEAPOLIS MN 55406	LAURA MUSTAZZA BIGGHAM	RESIDENTIAL	$352,000	147 ft
3323 24TH AVE S MINNEAPOLIS MN 55406	L K GLASS & B S COOLEY	RESIDENTIAL	$234,000	156 ft
3314 25TH AVE S MINNEAPOLIS MN 55406	JOE G ZEBRO	RESIDENTIAL-TWO UNIT	$370,900	157 ft
3304 25TH AVE S MINNEAPOLIS MN 55406	CLAUDIA L JONES	RESIDENTIAL	$381,000	159 ft
3320 25TH AVE S MINNEAPOLIS MN 55406	TIM J EAGEN	APARTMENT	$456,000	180 ft
3300 25TH AVE S MINNEAPOLIS MN 55406	L R LOCKLEY & E LOCKLEY	RESIDENTIAL	$386,100	181 ft
3327 24TH AVE S MINNEAPOLIS MN 55406	JAMES R BERG	RESIDENTIAL	$193,000	206 ft
3322 25TH AVE S MINNEAPOLIS MN 55406	DORA E KAUFMAN TRUST	RESIDENTIAL	$303,800	213 ft
3249 24TH AVE S MINNEAPOLIS MN 55406	BRUCE R BOHNE	RESIDENTIAL	$207,700	218 ft

Property History

Current Tax Year

Year2026

Tax Due$45,836