2305 35TH ST E MINNEAPOLIS MN 55406

PID: 0102824310147

Property Overview

Parcel ID0102824310147

Lot Size4,799 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 120 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerMADELINE RUSSELL

Assessed Value$222,100

Land Value$87,000

Building Value$135,100

Annual Tax$3,553

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $24K total declared value · Most recent: Jun 2021 (misc)

MiscJun 2021Closed

$8K

CHISMAR CONSTRUCTION LLC

ResFeb 2019Closed

DEPENDABLE HEATING AND COOLING INC

ResDec 2018Closed

Weld and Sons Plumbing Inc

ExistresNov 2018Closed

DEPENDABLE HEATING AND COOLING INC

RemodelNov 2018Closed

$16K

ASLESON CONSTRUCTION

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 width30 ft

Buildable depth80 ft

Area~2,401 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 2,401 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
3501 23RD AVE S MINNEAPOLIS MN 55407	FORTEVA INVESTMENTS LLC	COMMERCIAL-PREFERRED	$520,000	40 ft
2309 35TH ST E MINNEAPOLIS MN 55406	A E NEWQUIST & T J REIDY IV	RESIDENTIAL	$236,400	40 ft
2313 35TH ST E MINNEAPOLIS MN 55406	D L RUNNALS & M B DISCIORIO	RESIDENTIAL	$339,300	80 ft
3511 23RD AVE S MINNEAPOLIS MN 55407	JOHN P GERRISH	APARTMENT	$411,000	101 ft
2317 35TH ST E MINNEAPOLIS MN 55406	CITY OF LAKES COMMUNITY LAND	RESIDENTIAL	$231,200	120 ft
3515 23RD AVE S MINNEAPOLIS MN 55407	VICKI ANDERSON	RESIDENTIAL	$179,500	144 ft
2321 35TH ST E MINNEAPOLIS MN 55406	CITY OF LAKES COMM LAND TRST	—	$237,000	159 ft
2229 35TH ST E MINNEAPOLIS MN 55407	TYRONE R SHARPE	RESIDENTIAL	$512,000	163 ft
3510 23RD AVE S MINNEAPOLIS MN 55407	GEMS REAL ESTATE LLC	RESIDENTIAL	$133,400	163 ft
2300 35TH ST E MINNEAPOLIS MN 55406	MARTA L KNUTSON	RESIDENTIAL-TWO UNIT	$361,600	175 ft

Property History

Most Recent Sale

Date202001

Price$181,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,553