3437 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824310135

Property Overview

Parcel ID0102824310135

Lot Size6,851 sq ft (0.157 ac)

Lot Dimensions (est.)171 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerMOLLY J FEIGAL

Assessed Value$487,800

Land Value$119,000

Building Value$368,800

Annual Tax$7,832

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $4K total declared value · Most recent: May 2025 (remodel)

RemodelMay 2025Closed

$4K

EGRESS WINDOW GUY

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResDec 2021Closed

Warners Stellian Co Inc

ResDec 2020Closed

Warners Stellian Co Inc

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 width30 ft

Buildable depth131 ft

Area~3,938 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 3,938 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3441 23RD AVE S MINNEAPOLIS MN 55407	CHARLES DAVID LANE	RESIDENTIAL-TWO UNIT	$474,100	40 ft
3433 23RD AVE S MINNEAPOLIS MN 55407	JEFFREY S BERG/MARY A GOLOB	RESIDENTIAL-TWO UNIT	$477,400	40 ft
3429 23RD AVE S MINNEAPOLIS MN 55407	JEFFREY S BERG	RESIDENTIAL	$354,300	80 ft
2308 35TH ST E MINNEAPOLIS MN 55406	J MCGRATH & S BURNS	RESIDENTIAL	$270,000	115 ft
3425 23RD AVE S MINNEAPOLIS MN 55407	C J FROST & I A LIEPINS	RESIDENTIAL	$350,400	120 ft
2300 35TH ST E MINNEAPOLIS MN 55406	MARTA L KNUTSON	RESIDENTIAL-TWO UNIT	$361,600	122 ft
2312 35TH ST E MINNEAPOLIS MN 55406	ALLISON LOW	RESIDENTIAL	$277,700	130 ft
3421 23RD AVE S MINNEAPOLIS MN 55407	M G NOVAK & K M NOVAK	RESIDENTIAL	$360,900	161 ft
2316 35TH ST E MINNEAPOLIS MN 55406	KENNETH G TOUTGES	RESIDENTIAL	$163,000	167 ft
3430 24TH AVE S MINNEAPOLIS MN 55406	BRADLEY STONE INVESTMNTS LLC	RESIDENTIAL-TWO UNIT	$547,400	187 ft

Property History

Most Recent Sale

Date200504

Price$330,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,832