3228 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824240160

Property Overview

Parcel ID0102824240160

Lot Size6,505 sq ft (0.149 ac)

Lot Dimensions (est.)171 ft wide × 38 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerANNE BROWN

Assessed Value$273,000

Land Value$113,000

Building Value$160,000

Annual Tax$3,917

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

4 permits on record since 2017 · $39K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Closed

Hero Home Services LLC

MiscNov 2023Closed

$12K

EXTERIORS PLUS LLC

AccessoryNov 2017Closed

$20K

Bjorn K Peterson

AccessorySep 2017Closed

$7K

Bjorn K Peterson

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 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width28 ft

Buildable depth131 ft

Area~3,673 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 3,673 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3224 24TH AVE S MINNEAPOLIS MN 55406	MARINDA BLAND	RESIDENTIAL	$232,000	38 ft
3232 24TH AVE S MINNEAPOLIS MN 55406	B T VOLZ & V E EICKHOFF	RESIDENTIAL	$312,800	38 ft
3220 24TH AVE S MINNEAPOLIS MN 55406	MATTHEW ARTHUR HOFFLAND	RESIDENTIAL	$261,000	76 ft
3236 24TH AVE S MINNEAPOLIS MN 55406	H W GROSS & J M GROSS	RESIDENTIAL	$228,000	76 ft
3240 24TH AVE S MINNEAPOLIS MN 55406	KAIA R KNUTSON	RESIDENTIAL	$285,600	112 ft
3216 24TH AVE S MINNEAPOLIS MN 55406	TERI KWANT & HENRY KWANT	RESIDENTIAL	$297,700	114 ft
3212 24TH AVE S MINNEAPOLIS MN 55406	MICHAEL GRIFFIN	RESIDENTIAL	$229,100	152 ft
3227 23RD AVE S MINNEAPOLIS MN 55407	SANDRA SPIELER	RESIDENTIAL	$385,000	188 ft
3225 23RD AVE S MINNEAPOLIS MN 55407	SHEILA J WILSON	RESIDENTIAL	$362,000	190 ft
3208 24TH AVE S MINNEAPOLIS MN 55406	KATHRYN KOCH	RESIDENTIAL	$284,300	192 ft

Property History

Most Recent Sale

Date202510

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,917