3204 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240057

Property Overview

Parcel ID0102824240057

Lot Size6,066 sq ft (0.139 ac)

Lot Dimensions (est.)121 ft wide × 50 ft deep

Year Built1912

Property ClassLOW INCOME RENTAL

OwnerPASCAL THOMAS

Assessed Value$522,000

Land Value$97,600

Building Value$424,400

Annual Tax$2,020

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

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 depth81 ft

Area~3,253 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 3,253 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3200 23RD AVE S MINNEAPOLIS MN 55407	MINNEAPOLIS 3S LLC	RESIDENTIAL-TWO UNIT	$432,300	50 ft
3208 23RD AVE S MINNEAPOLIS MN 55407	NICHOLAS HOST	RESIDENTIAL-TWO UNIT	$432,300	56 ft
2217 32ND ST E MINNEAPOLIS MN 55407	MERLIN J WELLS	RESIDENTIAL	$223,000	89 ft
3212 23RD AVE S MINNEAPOLIS MN 55407	STARRI HEDGES	RESIDENTIAL	$254,000	103 ft
3216 23RD AVE S MINNEAPOLIS MN 55407	WILLIAM HENRY ELLIS II	RESIDENTIAL	$261,000	152 ft
3156 23RD AVE S MINNEAPOLIS MN 55407	WENDY KAY KNOX	RESIDENTIAL	$361,200	182 ft
3201 23RD AVE S MINNEAPOLIS MN 55407	JESSE LANDRY	RESIDENTIAL-TWO UNIT	$273,700	183 ft
3205 23RD AVE S MINNEAPOLIS MN 55407	NEXT GENERATION HOMES LLC	RESIDENTIAL	$221,000	201 ft
3220 23RD AVE S MINNEAPOLIS MN 55407	MIGUEL LLAPA & ROSA N LLAPA	RESIDENTIAL-TWO UNIT	$356,100	201 ft
3207 23RD AVE S MINNEAPOLIS MN 55407	MELISSA L BROWN	RESIDENTIAL	$285,000	202 ft

Property History

Most Recent Sale

Date202507

Price$501,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,020