3402 25TH AVE S MINNEAPOLIS MN 55406

PID: 0102824420046

Property Overview

Parcel ID0102824420046

Lot Size4,896 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerD KLASSEN/A KLASSEN-GLANZER

Assessed Value$267,200

Land Value$103,000

Building Value$164,200

Annual Tax$4,052

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

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 depth82 ft

Area~2,471 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 2,471 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3400 25TH AVE S MINNEAPOLIS MN 55406	ROBIN ESTHER WATTERWORTH	RESIDENTIAL	$260,100	35 ft
3406 25TH AVE S MINNEAPOLIS MN 55406	MATTHEW A JOHNSON	RESIDENTIAL	$169,000	40 ft
3410 25TH AVE S MINNEAPOLIS MN 55406	CARISSA COUDRAY	RESIDENTIAL	$325,700	80 ft
3414 25TH AVE S MINNEAPOLIS MN 55406	J P FLEMING & M H FLEMING	RESIDENTIAL	$351,400	120 ft
3403 24TH AVE S MINNEAPOLIS MN 55406	KACIE PERRIZO/ANDREW PERRIZO	RESIDENTIAL	$292,600	136 ft
3401 24TH AVE S MINNEAPOLIS MN 55406	H NGUYEN & B HUYNH	RESIDENTIAL	$242,000	141 ft
3407 24TH AVE S MINNEAPOLIS MN 55406	A J PAGEL & L C WILHELM	RESIDENTIAL	$300,600	142 ft
3338 25TH AVE S MINNEAPOLIS MN 55406	A T SPLINTER & J L NAJERA	RESIDENTIAL	$372,300	155 ft
3411 24TH AVE S MINNEAPOLIS MN 55406	BRENNA KLASSEN-GLANZER	RESIDENTIAL	$301,000	158 ft
3418 25TH AVE S MINNEAPOLIS MN 55406	JULIE A GOLTZMAN	RESIDENTIAL	$666,300	160 ft

Property History

Most Recent Sale

Date202110

Price$228,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,052