3240 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240099

Property Overview

Parcel ID0102824240099

Lot Size8,551 sq ft (0.196 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerDAVID M YAGER

Assessed Value$329,500

Land Value$127,000

Building Value$202,500

Annual Tax$5,266

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: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresFeb 2022Closed

TWIN CITY HEATING AND AIR

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~5,240 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 5,240 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
3244 23RD AVE S MINNEAPOLIS MN 55407	STEVEN I OLSON	RESIDENTIAL-TWO UNIT	$354,600	46 ft
3236 23RD AVE S MINNEAPOLIS MN 55407	SAGE DAHLEN	RESIDENTIAL	$349,700	50 ft
3232 23RD AVE S MINNEAPOLIS MN 55407	RODNEY L NYENHUIS ETAL	RESIDENTIAL	$357,900	100 ft
3228 23RD AVE S MINNEAPOLIS MN 55407	T & J CATARRA	RESIDENTIAL	$402,800	150 ft
3300 23RD AVE S MINNEAPOLIS MN 55407	SOLOMON KASSA	RESIDENTIAL	$282,300	153 ft
3241 22ND AVE S MINNEAPOLIS MN 55407	MARY N BYE & CHERYL E SHAW	RESIDENTIAL	$374,000	187 ft
3304 23RD AVE S MINNEAPOLIS MN 55407	JORGE REY MARTINEZ	RESIDENTIAL-TWO UNIT	$372,200	191 ft
3245 22ND AVE S MINNEAPOLIS MN 55407	VAHID RABOODAN	RESIDENTIAL-TWO UNIT	$385,000	192 ft
3237 22ND AVE S MINNEAPOLIS MN 55407	KIRSTEN JENSEN TRUST	RESIDENTIAL	$390,400	193 ft
3224 23RD AVE S MINNEAPOLIS MN 55407	SAMUEL WILBUR/MADELINE ESTES	RESIDENTIAL	$332,900	200 ft

Property History

Most Recent Sale

Date198807

Price$54,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,266