3143 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824210070

Property Overview

Parcel ID0102824210070

Lot Size8,568 sq ft (0.197 ac)

Lot Dimensions (est.)171 ft wide × 50 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerM TANGEN & C A TANGEN

Assessed Value$280,900

Land Value$80,000

Building Value$200,900

Annual Tax$5,707

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 2019 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResNov 2019Closed

Warners Stellian Co Inc

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 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 width40 ft

Buildable depth131 ft

Area~5,254 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 5,254 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3139 23RD AVE S MINNEAPOLIS MN 55407	CHERYL RENEE HOVDE	RESIDENTIAL	$195,400	50 ft
3149 23RD AVE S MINNEAPOLIS MN 55407	IAN G LEASK	RESIDENTIAL-TWO UNIT	$263,100	51 ft
3153 23RD AVE S MINNEAPOLIS MN 55407	J M ROHRER & M E ROHRER	RESIDENTIAL	$243,600	94 ft
3133 23RD AVE S MINNEAPOLIS MN 55407	B & P MORGAN	RESIDENTIAL	$183,900	100 ft
2314 32ND ST E MINNEAPOLIS MN 55406	DARYL WARE	RESIDENTIAL	$265,000	110 ft
3157 23RD AVE S MINNEAPOLIS MN 55407	AMANDA SNYDER	RESIDENTIAL	$213,200	137 ft
3129 23RD AVE S MINNEAPOLIS MN 55407	FAMILY TRUST/H M OLSON TRUST	APARTMENT	$1,026,000	150 ft
2318 32ND ST E MINNEAPOLIS MN 55406	L R SERRANO & C P LAREDO	RESIDENTIAL	$251,100	172 ft
3123 23RD AVE S MINNEAPOLIS MN 55407	3123 LIMITED LIABILITY CO	LOW INCOME RENTAL	$1,139,000	200 ft
2340 32ND ST E MINNEAPOLIS MN 55406	CORCORAN TRIANGLE LTD PRTSHP	LOW INCOME RENTAL	$18,138,000	244 ft

Property History

Most Recent Sale

Date200506

Price$213,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,707