3227 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240034

Property Overview

Parcel ID0102824240034

Lot Size9,250 sq ft (0.212 ac)

Lot Dimensions (est.)171 ft wide × 54 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerSANDRA SPIELER

Assessed Value$385,000

Land Value$131,000

Building Value$254,000

Annual Tax$6,296

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 2018 · $29K total declared value · Most recent: Aug 2022 (accessory)

AccessoryAug 2022Closed

$24K

SUSSEL CORP

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscNov 2018Closed

$5K

RENEWAL BY ANDERSEN 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 width44 ft

Buildable depth131 ft

Area~5,777 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 5,777 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3231 23RD AVE S MINNEAPOLIS MN 55407	LEIF OGREN	RESIDENTIAL-TWO UNIT	$413,500	54 ft
3225 23RD AVE S MINNEAPOLIS MN 55407	SHEILA J WILSON	RESIDENTIAL	$362,000	56 ft
3233 23RD AVE S MINNEAPOLIS MN 55407	LIONEL ROSS SLETTEN SUBJ/LE	RESIDENTIAL	$284,000	101 ft
3221 23RD AVE S MINNEAPOLIS MN 55407	SHELDON L QUADERER ET AL	RESIDENTIAL	$311,000	110 ft
3239 23RD AVE S MINNEAPOLIS MN 55407	SUZANNE E JANKOWSKI	RESIDENTIAL	$222,000	142 ft
3215 23RD AVE S MINNEAPOLIS MN 55407	GARY SCHIFF	RESIDENTIAL	$356,500	163 ft
3243 23RD AVE S MINNEAPOLIS MN 55407	JOSEPH B MATTISON	RESIDENTIAL	$329,700	182 ft
3228 24TH AVE S MINNEAPOLIS MN 55406	ANNE BROWN	RESIDENTIAL	$273,000	188 ft
3232 24TH AVE S MINNEAPOLIS MN 55406	B T VOLZ & V E EICKHOFF	RESIDENTIAL	$312,800	188 ft
2312 33RD ST E MINNEAPOLIS MN 55406	LINDA RADIUS	RESIDENTIAL	$265,300	193 ft

Property History

Most Recent Sale

Date198709

Price$54,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,296