3240 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824240163

Property Overview

Parcel ID0102824240163

Lot Size5,816 sq ft (0.134 ac)

Lot Dimensions (est.)171 ft wide × 34 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerKAIA R KNUTSON

Assessed Value$285,600

Land Value$109,000

Building Value$176,600

Annual Tax$4,129

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

2 permits on record since 2023 · $10K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$10K

FAITH BUILDERS

ResJan 2023Closed

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 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 width20 ft

Buildable depth154 ft

Area~3,145 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 3,145 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3236 24TH AVE S MINNEAPOLIS MN 55406	H W GROSS & J M GROSS	RESIDENTIAL	$228,000	36 ft
3232 24TH AVE S MINNEAPOLIS MN 55406	B T VOLZ & V E EICKHOFF	RESIDENTIAL	$312,800	74 ft
2320 33RD ST E MINNEAPOLIS MN 55406	THOMAS FRICKE	RESIDENTIAL	$297,700	94 ft
2324 33RD ST E MINNEAPOLIS MN 55406	AMY LYNNE SMITH	RESIDENTIAL	$218,500	95 ft
3228 24TH AVE S MINNEAPOLIS MN 55406	ANNE BROWN	RESIDENTIAL	$273,000	112 ft
2316 33RD ST E MINNEAPOLIS MN 55406	V A KUEHN LARSON/K D LARSON	RESIDENTIAL	$299,600	112 ft
2328 33RD ST E MINNEAPOLIS MN 55406	KRISTIN L GRIEVE	RESIDENTIAL	$212,100	113 ft
3224 24TH AVE S MINNEAPOLIS MN 55406	MARINDA BLAND	RESIDENTIAL	$232,000	150 ft
2312 33RD ST E MINNEAPOLIS MN 55406	LINDA RADIUS	RESIDENTIAL	$265,300	153 ft
3233 23RD AVE S MINNEAPOLIS MN 55407	LIONEL ROSS SLETTEN SUBJ/LE	RESIDENTIAL	$284,000	187 ft

Property History

Most Recent Sale

Date202407

Price$290,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,129