3640 23RD AVE S MINNEAPOLIS MN 55407

PID: 0102824340156

Property Overview

Parcel ID0102824340156

Lot Size18,844 sq ft (0.433 ac)

Lot Dimensions (est.)150 ft wide × 126 ft deep

Year Built1956

Property ClassCOMMERCIAL-PREFERRED

OwnerACMN NOVELTY PROPERTIES LLC

Assessed Value$1,071,000

Land Value$301,800

Building Value$769,200

Annual Tax$35,214

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2021 · $174K total declared value · Most recent: Apr 2025 (remodel)

RemodelApr 2025Inspection

$31K

(Solar Work) Apadana LLC

Commercial MinorJan 2025Expired

LIBERTY PLUMBING CO LLC

RemodelDec 2024Inspection

$13K

Zahnia Harut

RemodelDec 2023Closed

$116K

Load Bearing Wall Company

RemodelMay 2023Closed

$5K

Holmlund Masonry Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Standish · 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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width135 ft

Buildable depth86 ft

Area~12,163 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 3-story wood frame (5–12 units) benchmarks for 12,163 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2214 37TH ST E MINNEAPOLIS MN 55407	NIGEL SHARPER/AARON SHARPER	RESIDENTIAL-TWO UNIT	$393,500	100 ft
2223 36 1/2 ST E MINNEAPOLIS MN 55407	SHARON ROSE-MITCHELL ET AL	RESIDENTIAL	$293,300	140 ft
2227 36 1/2 ST E MINNEAPOLIS MN 55407	K N HARLAN & J HARLAN	RESIDENTIAL	$295,100	149 ft
2219 36 1/2 ST E MINNEAPOLIS MN 55407	JAMES A MILTON	RESIDENTIAL	$260,500	149 ft
2210 37TH ST E MINNEAPOLIS MN 55407	NOAH C HOEHN/SARAH J H HOEHN	RESIDENTIAL-TWO UNIT	$383,400	150 ft
2215 36 1/2 ST E MINNEAPOLIS MN 55407	MACKENZIE SCOTT	RESIDENTIAL	$320,100	172 ft
2211 36 1/2 ST E MINNEAPOLIS MN 55407	LEAH MARIE ZIELINSKI	RESIDENTIAL	$267,700	205 ft
3641 23RD AVE S MINNEAPOLIS MN 55407	JOHN A WOSKOFF	RESIDENTIAL	$204,100	209 ft
3637 23RD AVE S MINNEAPOLIS MN 55407	R E FLATEN & M P FLATEN	RESIDENTIAL	$280,300	213 ft
3645 23RD AVE S MINNEAPOLIS MN 55407	J REEVES & L STRANGE	RESIDENTIAL	$241,700	214 ft

Property History

Most Recent Sale

Date202308

Price$1,491,545

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$35,214