3321 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240043

Property Overview

Parcel ID0102824240043

Lot Size8,570 sq ft (0.197 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerM WEISS & M B NYGREN

Assessed Value$342,100

Land Value$128,000

Building Value$214,100

Annual Tax$5,074

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 2023 · $21K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$21K

ALEXANDER EXTERIORS

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~5,255 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 5,255 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
3319 23RD AVE S MINNEAPOLIS MN 55407	KEVIN M BALTZER	RESIDENTIAL	$340,400	50 ft
3325 23RD AVE S MINNEAPOLIS MN 55407	PATRICK J BYRNE SUBJ L/E	RESIDENTIAL	$383,800	50 ft
3315 23RD AVE S MINNEAPOLIS MN 55407	FRANCISCO A G BARRERA ET AL	RESIDENTIAL	$279,200	95 ft
3329 23RD AVE S MINNEAPOLIS MN 55407	M DRISCOLL & J HAMBIDGE	RESIDENTIAL	$292,300	96 ft
3309 23RD AVE S MINNEAPOLIS MN 55407	JOSEF HALVERSON	RESIDENTIAL	$294,000	135 ft
3333 23RD AVE S MINNEAPOLIS MN 55407	SENAITE WUHIB	RESIDENTIAL	$242,700	138 ft
3305 23RD AVE S MINNEAPOLIS MN 55407	GLENN A HOWATT	RESIDENTIAL	$275,500	176 ft
3337 23RD AVE S MINNEAPOLIS MN 55407	G R MILLER & C MILLER	RESIDENTIAL	$293,400	178 ft
3320 24TH AVE S MINNEAPOLIS MN 55406	B R WALSH & R L ANCASI	RESIDENTIAL	$344,900	187 ft
3324 24TH AVE S MINNEAPOLIS MN 55406	WILLIAM PALMER	RESIDENTIAL	$242,000	194 ft

Property History

Most Recent Sale

Date202208

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,074