3405 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824310104

Property Overview

Parcel ID0102824310104

Lot Size8,270 sq ft (0.190 ac)

Lot Dimensions (est.)171 ft wide × 48 ft deep

Year Built1949

Property ClassRESIDENTIAL

OwnerJAMES M HAUGH

Assessed Value$270,000

Land Value$127,000

Building Value$143,000

Annual Tax$4,258

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

1 permit on record since 2022 · Most recent: May 2022 (res)

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$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 width38 ft

Buildable depth132 ft

Area~5,025 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 5,025 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
3409 23RD AVE S MINNEAPOLIS MN 55407	J H THULL & R L THULL	RESIDENTIAL	$349,500	48 ft
3401 23RD AVE S MINNEAPOLIS MN 55407	BARBARA J WESTERGREEN ET AL	RESIDENTIAL	$287,000	60 ft
2311 34TH ST E MINNEAPOLIS MN 55406	DEANN C H KAUTZMANN	RESIDENTIAL	$246,400	69 ft
3415 23RD AVE S MINNEAPOLIS MN 55407	AAKT L L C	RESIDENTIAL	$293,000	96 ft
2317 34TH ST E MINNEAPOLIS MN 55406	DAVID JALMER GUSTAFSON	RESIDENTIAL	$241,400	126 ft
3417 23RD AVE S MINNEAPOLIS MN 55407	B R FREEMAN & M L FREEMAN	RESIDENTIAL	$314,100	145 ft
2321 34TH ST E MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	168 ft
3345 23RD AVE S MINNEAPOLIS MN 55407	SAMUEL R DELOUIS	RESIDENTIAL	$272,200	173 ft
2229 34TH ST E MINNEAPOLIS MN 55407	C L KNUTSON & B L KNUTSON	RESIDENTIAL	$271,500	188 ft
3421 23RD AVE S MINNEAPOLIS MN 55407	M G NOVAK & K M NOVAK	RESIDENTIAL	$360,900	190 ft

Property History

Most Recent Sale

Date199904

Price$54,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,258