3305 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240022

Property Overview

Parcel ID0102824240022

Lot Size5,062 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerGLENN A HOWATT

Assessed Value$275,500

Land Value$102,000

Building Value$173,500

Annual Tax$4,198

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

3 permits on record since 2022 · Most recent: Nov 2024 (existres)

ExistresNov 2024Closed

SEDGWICK HEATING & AIR CONDITIONING

ExistresJun 2024Closed

Standard Heating and Air Conditioning Inc

ResMay 2022Closed

CenterPoint Energy Resource Corp

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 depth87 ft

Area~2,596 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 2,596 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
3301 23RD AVE S MINNEAPOLIS MN 55407	MARILAURICE HEMLOCK	RESIDENTIAL	$336,700	41 ft
3309 23RD AVE S MINNEAPOLIS MN 55407	JOSEF HALVERSON	RESIDENTIAL	$294,000	46 ft
3315 23RD AVE S MINNEAPOLIS MN 55407	FRANCISCO A G BARRERA ET AL	RESIDENTIAL	$279,200	83 ft
2315 33RD ST E MINNEAPOLIS MN 55406	BENJAMIN R FAGERNESS	RESIDENTIAL	$278,900	88 ft
3319 23RD AVE S MINNEAPOLIS MN 55407	KEVIN M BALTZER	RESIDENTIAL	$340,400	127 ft
3247 23RD AVE S MINNEAPOLIS MN 55407	T & B MEYER	RESIDENTIAL	$240,000	143 ft
2317 33RD ST E MINNEAPOLIS MN 55406	CALEB THILGES/HELEN THILGES	RESIDENTIAL	$248,100	154 ft
3321 23RD AVE S MINNEAPOLIS MN 55407	M WEISS & M B NYGREN	RESIDENTIAL	$342,100	176 ft
3243 23RD AVE S MINNEAPOLIS MN 55407	JOSEPH B MATTISON	RESIDENTIAL	$329,700	184 ft
2312 33RD ST E MINNEAPOLIS MN 55406	LINDA RADIUS	RESIDENTIAL	$265,300	202 ft

Property History

Most Recent Sale

Date199403

Price$66,200

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,198