3340 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824240003

Property Overview

Parcel ID0102824240003

Lot Size4,948 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerROBERT LICARI

Assessed Value$387,700

Land Value$101,000

Building Value$286,700

Annual Tax$5,838

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

1 permit on record since 2025 · Most recent: Apr 2025 (res)

ResApr 2025Closed

Hero Home Services 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 width30 ft

Buildable depth84 ft

Area~2,510 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 2,510 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3344 24TH AVE S MINNEAPOLIS MN 55406	KAREN M SORMAN	RESIDENTIAL	$183,500	39 ft
3336 24TH AVE S MINNEAPOLIS MN 55406	ERIC BIEDERMAN/K LEIBFRIED	RESIDENTIAL	$254,000	40 ft
3334 24TH AVE S MINNEAPOLIS MN 55406	ANNE C SCHINDELDECKER	RESIDENTIAL	$266,000	80 ft
2316 34TH ST E MINNEAPOLIS MN 55406	R M SHELDON & N E PETERS	RESIDENTIAL	$248,000	97 ft
3328 24TH AVE S MINNEAPOLIS MN 55406	SONIA L MEADE	RESIDENTIAL	$230,300	123 ft
2312 34TH ST E MINNEAPOLIS MN 55406	STEVEN F LANGE	RESIDENTIAL	$290,200	139 ft
3400 24TH AVE S MINNEAPOLIS MN 55406	GERALD H FORNWALD	RESIDENTIAL	$235,000	160 ft
3324 24TH AVE S MINNEAPOLIS MN 55406	WILLIAM PALMER	RESIDENTIAL	$242,000	168 ft
2321 34TH ST E MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	192 ft
2317 34TH ST E MINNEAPOLIS MN 55406	DAVID JALMER GUSTAFSON	RESIDENTIAL	$241,400	206 ft

Property History

Most Recent Sale

Date202505

Price$349,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,838