3516 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824310156

Property Overview

Parcel ID0102824310156

Lot Size6,868 sq ft (0.158 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerR A NIEHORSTER & A J KISHEL

Assessed Value$235,000

Land Value$120,000

Building Value$115,000

Annual Tax$3,623

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

4 permits on record since 2023 · $18K total declared value · Most recent: Apr 2025 (existres)

ExistresApr 2025Closed

Standard Heating and Air Conditioning Inc

MiscJun 2024Closed

$18K

ALL AROUND PROPERTY PRESERVATION

ResJun 2024Closed

Erik Nelson Plumbing LLC

ResFeb 2023Closed

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 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 depth132 ft

Area~3,951 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 3,951 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
3520 24TH AVE S MINNEAPOLIS MN 55406	CHARLES WALSH	RESIDENTIAL	$344,000	40 ft
3512 24TH AVE S MINNEAPOLIS MN 55406	BRIAN CZYPINSKI	RESIDENTIAL	$309,200	44 ft
3524 24TH AVE S MINNEAPOLIS MN 55406	CHERYL ANN KRAMER	RESIDENTIAL	$268,500	80 ft
3528 24TH AVE S MINNEAPOLIS MN 55406	THE SCHOLD LIVING TRUST	RESIDENTIAL	$365,600	120 ft
3508 24TH AVE S MINNEAPOLIS MN 55406	RUTH L KARSKY	RESIDENTIAL	$270,700	126 ft
2325 35TH ST E MINNEAPOLIS MN 55406	EDWIN WILLIAMS	RESIDENTIAL-TWO UNIT	$336,400	143 ft
2321 35TH ST E MINNEAPOLIS MN 55406	CITY OF LAKES COMM LAND TRST	—	$237,000	153 ft
3532 24TH AVE S MINNEAPOLIS MN 55406	D MCCLOY & S PUTHUVAL	RESIDENTIAL-TWO UNIT	$405,600	160 ft
2317 35TH ST E MINNEAPOLIS MN 55406	CITY OF LAKES COMMUNITY LAND	RESIDENTIAL	$231,200	171 ft
2335 35TH ST E MINNEAPOLIS MN 55406	PAMELA KAY LAIZURE	RESIDENTIAL	$276,000	183 ft

Property History

Most Recent Sale

Date202407

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,623