3427 25TH AVE S MINNEAPOLIS MN 55406

PID: 0102824420037

Property Overview

Parcel ID0102824420037

Lot Size5,094 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL-TWO UNIT

OwnerCOLIN E CARPENTER

Assessed Value$276,300

Land Value$105,000

Building Value$171,300

Annual Tax$5,488

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

1 permit on record since 2021 · $6K total declared value · Most recent: Jan 2021 (misc)

MiscJan 2021Closed

$6K

Safe Basements of MN

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 depth87 ft

Area~2,620 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 2,620 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3431 25TH AVE S MINNEAPOLIS MN 55406	S JENSEN & M DURANDO	RESIDENTIAL-TWO UNIT	$342,700	40 ft
3423 25TH AVE S MINNEAPOLIS MN 55406	DAVID KOPLOS	RESIDENTIAL	$346,000	40 ft
3435 25TH AVE S MINNEAPOLIS MN 55406	DAVID FRANK BLASZAK	RESIDENTIAL-TWO UNIT	$345,500	80 ft
3419 25TH AVE S MINNEAPOLIS MN 55406	JENNA WHITEHOUSE	RESIDENTIAL	$325,700	80 ft
3439 25TH AVE S MINNEAPOLIS MN 55406	KAREN F EISERT	RESIDENTIAL-ZERO LOT LINE	$130,000	109 ft
3415 25TH AVE S MINNEAPOLIS MN 55406	KAYLA N BETTERS	RESIDENTIAL	$274,000	120 ft
3441 25TH AVE S MINNEAPOLIS MN 55406	KAREN F EISERT	RESIDENTIAL-ZERO LOT LINE	$122,000	129 ft
3426 26TH AVE S MINNEAPOLIS MN 55406	CRYSTAL S MINGUS	RESIDENTIAL-TWO UNIT	$363,900	141 ft
3430 26TH AVE S MINNEAPOLIS MN 55406	RACHEL SARAH O'TOOLE	RESIDENTIAL	$498,000	146 ft
3422 26TH AVE S MINNEAPOLIS MN 55406	BRYAN BADER	RESIDENTIAL	$315,600	146 ft

Property History

Most Recent Sale

Date199703

Price$65,000

Type—

Current Tax Year

Year2026

Tax Due$5,488