3325 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240044

Property Overview

Parcel ID0102824240044

Lot Size8,570 sq ft (0.197 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerPATRICK J BYRNE SUBJ L/E

Assessed Value$383,800

Land Value$128,000

Building Value$255,800

Annual Tax$6,161

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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
3329 23RD AVE S MINNEAPOLIS MN 55407	M DRISCOLL & J HAMBIDGE	RESIDENTIAL	$292,300	46 ft
3321 23RD AVE S MINNEAPOLIS MN 55407	M WEISS & M B NYGREN	RESIDENTIAL	$342,100	50 ft
3333 23RD AVE S MINNEAPOLIS MN 55407	SENAITE WUHIB	RESIDENTIAL	$242,700	90 ft
3319 23RD AVE S MINNEAPOLIS MN 55407	KEVIN M BALTZER	RESIDENTIAL	$340,400	100 ft
3337 23RD AVE S MINNEAPOLIS MN 55407	G R MILLER & C MILLER	RESIDENTIAL	$293,400	128 ft
3315 23RD AVE S MINNEAPOLIS MN 55407	FRANCISCO A G BARRERA ET AL	RESIDENTIAL	$279,200	145 ft
3341 23RD AVE S MINNEAPOLIS MN 55407	DEANNA L OLSON	RESIDENTIAL	$349,200	168 ft
2312 34TH ST E MINNEAPOLIS MN 55406	STEVEN F LANGE	RESIDENTIAL	$290,200	170 ft
3309 23RD AVE S MINNEAPOLIS MN 55407	JOSEF HALVERSON	RESIDENTIAL	$294,000	185 ft
3324 24TH AVE S MINNEAPOLIS MN 55406	WILLIAM PALMER	RESIDENTIAL	$242,000	187 ft

Property History

Most Recent Sale

Date200507

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,161