3216 25TH AVE S MINNEAPOLIS MN 55406

PID: 0102824130108

Property Overview

Parcel ID0102824130108

Lot Size50,151 sq ft (1.151 ac)

Lot Dimensions (est.)165 ft wide × 305 ft deep

Year Built1997

Property ClassAPARTMENT

OwnerECLIPSE INVESTMENTS LLC

Assessed Value$1,048,000

Land Value$842,500

Building Value$205,500

Annual Tax$20,115

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 ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

14 permits on record since 2016 · $36K total declared value · Most recent: Jan 2025 (existres)

ExistresJan 2025Closed

Flare Heating & Air Conditioning, Inc.

ExistresOct 2024Closed

Flare Heating & Air Conditioning, Inc.

ExistresSep 2024Closed

Flare Heating & Air Conditioning, Inc.

NewDec 2023Expired

$15K

Anna Rynders

MiscMay 2023Closed

$2K

Affordable Windows & Custom Bath Solutions LLC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width155 ft

Buildable depth265 ft

Area~31,500 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 31,500 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
3223 24TH AVE S MINNEAPOLIS MN 55406	J C HAYES & A M PROCHASKA	RESIDENTIAL	$399,500	152 ft
3229 24TH AVE S MINNEAPOLIS MN 55406	ANTHONY C & PAMELA R BAILEY	RESIDENTIAL	$295,900	154 ft
3219 24TH AVE S MINNEAPOLIS MN 55406	SPRINGKEEPER REVOC LIV TRUST	RESIDENTIAL	$318,800	159 ft
3233 24TH AVE S MINNEAPOLIS MN 55406	GLORIA J KETTERING-JAEGER	RESIDENTIAL	$226,300	165 ft
3217 24TH AVE S MINNEAPOLIS MN 55406	LINDSAY A JENSON	RESIDENTIAL	$244,300	176 ft
3237 24TH AVE S MINNEAPOLIS MN 55406	A A TAMBORNINO & L A ABEL	RESIDENTIAL	$192,900	185 ft
3241 24TH AVE S MINNEAPOLIS MN 55406	J CHANEY & R MARTY	RESIDENTIAL	$328,200	211 ft
3211 24TH AVE S MINNEAPOLIS MN 55406	ECLIPSE INVESTMENTS LLC	RESIDENTIAL	$369,000	218 ft
2428 33RD ST E MINNEAPOLIS MN 55406	P TURNER/B TURNER JR	RESIDENTIAL	$536,000	220 ft
2432 33RD ST E MINNEAPOLIS MN 55406	ECLIPSE INVESTMENTS LLC	RESIDENTIAL	$671,100	222 ft

Property History

Current Tax Year

Year2026

Tax Due$20,115