3243 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240017

Property Overview

Parcel ID0102824240017

Lot Size5,139 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerJOSEPH B MATTISON

Assessed Value$329,700

Land Value$103,000

Building Value$226,700

Annual Tax$5,110

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

5 permits on record since 2017 · $28K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$14K

Elite Restoration Pro LLC

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresDec 2020Closed

CENTERPOINT ENERGY

MiscJul 2020Closed

$4K

PURPOSE DRIVEN RESTORATION

MiscDec 2017Closed

$9K

MIDWEST WINDOW CO

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 width30 ft

Buildable depth88 ft

Area~2,654 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 2,654 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3239 23RD AVE S MINNEAPOLIS MN 55407	SUZANNE E JANKOWSKI	RESIDENTIAL	$222,000	40 ft
3247 23RD AVE S MINNEAPOLIS MN 55407	T & B MEYER	RESIDENTIAL	$240,000	41 ft
3233 23RD AVE S MINNEAPOLIS MN 55407	LIONEL ROSS SLETTEN SUBJ/LE	RESIDENTIAL	$284,000	83 ft
2312 33RD ST E MINNEAPOLIS MN 55406	LINDA RADIUS	RESIDENTIAL	$265,300	85 ft
3231 23RD AVE S MINNEAPOLIS MN 55407	LEIF OGREN	RESIDENTIAL-TWO UNIT	$413,500	129 ft
3301 23RD AVE S MINNEAPOLIS MN 55407	MARILAURICE HEMLOCK	RESIDENTIAL	$336,700	143 ft
2316 33RD ST E MINNEAPOLIS MN 55406	V A KUEHN LARSON/K D LARSON	RESIDENTIAL	$299,600	145 ft
3227 23RD AVE S MINNEAPOLIS MN 55407	SANDRA SPIELER	RESIDENTIAL	$385,000	182 ft
2315 33RD ST E MINNEAPOLIS MN 55406	BENJAMIN R FAGERNESS	RESIDENTIAL	$278,900	184 ft
3305 23RD AVE S MINNEAPOLIS MN 55407	GLENN A HOWATT	RESIDENTIAL	$275,500	184 ft

Property History

Most Recent Sale

Date199808

Price$74,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,110