3201 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824130109

Property Overview

Parcel ID0102824130109

Lot Size11,139 sq ft (0.256 ac)

Lot Dimensions (est.)209 ft wide × 53 ft deep

Year Built1993

Property ClassRESIDENTIAL

OwnerB L & E D WALKER

Assessed Value$412,400

Land Value$112,000

Building Value$300,400

Annual Tax$7,988

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

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 width196 ft

Buildable depth13 ft

Area~5,010 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 5,010 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
3203 24TH AVE S MINNEAPOLIS MN 55406	COUA VANG	RESIDENTIAL	$388,900	50 ft
3211 24TH AVE S MINNEAPOLIS MN 55406	ECLIPSE INVESTMENTS LLC	RESIDENTIAL	$369,000	131 ft
3147 24TH AVE S MINNEAPOLIS MN 55406	CORRIDOR PLAZA LLC	LOW INCOME RENTAL	$4,000	134 ft
3217 24TH AVE S MINNEAPOLIS MN 55406	LINDSAY A JENSON	RESIDENTIAL	$244,300	191 ft
3200 24TH AVE S MINNEAPOLIS MN 55406	STEPHANIE HUSS & LEON MOTT	RESIDENTIAL	$219,000	221 ft
3219 24TH AVE S MINNEAPOLIS MN 55406	SPRINGKEEPER REVOC LIV TRUST	RESIDENTIAL	$318,800	231 ft
3204 24TH AVE S MINNEAPOLIS MN 55406	E A & K M LUNDERBORG	RESIDENTIAL	$247,100	246 ft
3206 24TH AVE S MINNEAPOLIS MN 55406	PATRICK COTTER	RESIDENTIAL	$239,000	252 ft
3208 24TH AVE S MINNEAPOLIS MN 55406	KATHRYN KOCH	RESIDENTIAL	$284,300	264 ft
3146 24TH AVE S MINNEAPOLIS MN 55406	SIMON SANCHEZ SR	RESIDENTIAL	$306,700	265 ft

Property History

Most Recent Sale

Date200009

Price$8,830

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,988