3328 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824240145

Property Overview

Parcel ID0102824240145

Lot Size8,624 sq ft (0.198 ac)

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

Year Built1905

Property ClassRESIDENTIAL

OwnerJOSE RUACHO

Assessed Value$244,000

Land Value$128,000

Building Value$116,000

Annual Tax$3,838

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

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 depth132 ft

Area~1,338 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 1,338 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3324 23RD AVE S MINNEAPOLIS MN 55407	JUDE A AWA	RESIDENTIAL-TWO UNIT	$433,900	50 ft
3332 23RD AVE S MINNEAPOLIS MN 55407	KATHLEEN A KRISKO	RESIDENTIAL	$347,800	50 ft
3320 23RD AVE S MINNEAPOLIS MN 55407	L M HLAVSA & Z A MCCORMICK	RESIDENTIAL	$332,600	100 ft
2216 34TH ST E MINNEAPOLIS MN 55407	DAVID K HOGAN	RESIDENTIAL-TWO UNIT	$320,800	114 ft
3336 23RD AVE S MINNEAPOLIS MN 55407	KENNETH P LYONS	RESIDENTIAL	$343,800	114 ft
2212 34TH ST E MINNEAPOLIS MN 55407	GRIFFEN JEFFRIES	RESIDENTIAL-TWO UNIT	$411,400	144 ft
3316 23RD AVE S MINNEAPOLIS MN 55407	SANDRA SEGAL	RESIDENTIAL	$198,700	150 ft
2206 34TH ST E MINNEAPOLIS MN 55407	THOMAS A MEDIN ETAL	RESIDENTIAL	$231,000	181 ft
3329 22ND AVE S MINNEAPOLIS MN 55407	DANIEL PETTERS	RESIDENTIAL	$309,000	186 ft
3325 22ND AVE S MINNEAPOLIS MN 55407	C L STEVENS/E A SCHUBERT	RESIDENTIAL	$314,100	193 ft

Property History

Most Recent Sale

Date201606

Price$175,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,838