3408 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824310111

Property Overview

Parcel ID0102824310111

Lot Size8,251 sq ft (0.189 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerC M W PREUS & J WANGERIN

Assessed Value$314,200

Land Value$129,000

Building Value$185,200

Annual Tax$4,996

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 2022 · Most recent: Feb 2025 (res)

ResFeb 2025Closed

Norblom Plumbing Co

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~5,010 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 5,010 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
3412 23RD AVE S MINNEAPOLIS MN 55407	N J MATSON/L S MATSON ET AL	RESIDENTIAL	$333,800	48 ft
2225 34TH ST E MINNEAPOLIS MN 55407	AMANDA JUSTEN	RESIDENTIAL	$264,900	76 ft
2221 34TH ST E MINNEAPOLIS MN 55407	MICHAEL EAVES SR	RESIDENTIAL	$275,200	76 ft
3416 23RD AVE S MINNEAPOLIS MN 55407	JUSTIN HAUGEN	RESIDENTIAL	$366,700	96 ft
2229 34TH ST E MINNEAPOLIS MN 55407	C L KNUTSON & B L KNUTSON	RESIDENTIAL	$271,500	97 ft
2217 34TH ST E MINNEAPOLIS MN 55407	KIMBERLY A VOGSTROM	RESIDENTIAL	$265,100	97 ft
3420 23RD AVE S MINNEAPOLIS MN 55407	ELIZABETH M ARNDORFER	RESIDENTIAL	$302,700	144 ft
2211 34TH ST E MINNEAPOLIS MN 55407	B J SPENADER & T J ROARK	RESIDENTIAL	$347,400	149 ft
3413 22ND AVE S MINNEAPOLIS MN 55407	S & E PREGLER	RESIDENTIAL	$270,700	189 ft
3424 23RD AVE S MINNEAPOLIS MN 55407	A M CLOTTS & R CLOTTS	RESIDENTIAL	$302,100	193 ft

Property History

Most Recent Sale

Date201004

Price$193,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,996