3425 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824310138

Property Overview

Parcel ID0102824310138

Lot Size6,847 sq ft (0.157 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerC J FROST & I A LIEPINS

Assessed Value$350,400

Land Value$119,000

Building Value$231,400

Annual Tax$5,214

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

No permits found in Minneapolis open data for this parcel.

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~3,935 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 3,935 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
3421 23RD AVE S MINNEAPOLIS MN 55407	M G NOVAK & K M NOVAK	RESIDENTIAL	$360,900	40 ft
3429 23RD AVE S MINNEAPOLIS MN 55407	JEFFREY S BERG	RESIDENTIAL	$354,300	40 ft
3433 23RD AVE S MINNEAPOLIS MN 55407	JEFFREY S BERG/MARY A GOLOB	RESIDENTIAL-TWO UNIT	$477,400	80 ft
3417 23RD AVE S MINNEAPOLIS MN 55407	B R FREEMAN & M L FREEMAN	RESIDENTIAL	$314,100	85 ft
3437 23RD AVE S MINNEAPOLIS MN 55407	MOLLY J FEIGAL	RESIDENTIAL-TWO UNIT	$487,800	120 ft
3415 23RD AVE S MINNEAPOLIS MN 55407	AAKT L L C	RESIDENTIAL	$293,000	134 ft
3441 23RD AVE S MINNEAPOLIS MN 55407	CHARLES DAVID LANE	RESIDENTIAL-TWO UNIT	$474,100	160 ft
3409 23RD AVE S MINNEAPOLIS MN 55407	J H THULL & R L THULL	RESIDENTIAL	$349,500	182 ft
3424 24TH AVE S MINNEAPOLIS MN 55406	J & C PFAHL	RESIDENTIAL	$285,000	187 ft
3420 24TH AVE S MINNEAPOLIS MN 55406	E C SIMS & J M MITCHELL	RESIDENTIAL	$296,400	190 ft

Property History

Most Recent Sale

Date200009

Price$132,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,214