3308 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240109

Property Overview

Parcel ID0102824240109

Lot Size8,550 sq ft (0.196 ac)

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

Year Built1934

Property ClassRESIDENTIAL

OwnerLENNON SUNDANCE

Assessed Value$200,000

Land Value$127,000

Building Value$73,000

Annual Tax$3,099

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

6 permits on record since 2016 · $11K total declared value · Most recent: Jan 2026 (res)

ResJan 2026Closed

Gray Duck Plumbing LLC

ExistresJan 2026Closed

Thelen Mechanical LLC

MiscApr 2024Closed

$5K

KRECH EXTERIORS INC

MiscSep 2022Closed

$6K

Bison Builders Inc

ResMay 2022Closed

CenterPoint Energy Resource 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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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
3312 23RD AVE S MINNEAPOLIS MN 55407	M G MILLER & B L RADDANT	TRIPLEX	$563,300	50 ft
3304 23RD AVE S MINNEAPOLIS MN 55407	JORGE REY MARTINEZ	RESIDENTIAL-TWO UNIT	$372,200	63 ft
3316 23RD AVE S MINNEAPOLIS MN 55407	SANDRA SEGAL	RESIDENTIAL	$198,700	100 ft
3300 23RD AVE S MINNEAPOLIS MN 55407	SOLOMON KASSA	RESIDENTIAL	$282,300	103 ft
3320 23RD AVE S MINNEAPOLIS MN 55407	L M HLAVSA & Z A MCCORMICK	RESIDENTIAL	$332,600	150 ft
2209 33RD ST E MINNEAPOLIS MN 55407	S MATTISON & T MATTISON	RESIDENTIAL-TWO UNIT	$389,900	179 ft
3309 22ND AVE S MINNEAPOLIS MN 55407	MARIE ROFSHUS	RESIDENTIAL	$273,000	187 ft
3315 22ND AVE S MINNEAPOLIS MN 55407	CARLOS MIZHQUIRI SINCHE	RESIDENTIAL	$362,000	193 ft
3305 22ND AVE S MINNEAPOLIS MN 55407	CAROLINE MAGNUSON	RESIDENTIAL	$294,300	193 ft
3324 23RD AVE S MINNEAPOLIS MN 55407	JUDE A AWA	RESIDENTIAL-TWO UNIT	$433,900	200 ft

Property History

Most Recent Sale

Date201612

Price$137,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,099