3454 25TH AVE S MINNEAPOLIS MN 55406

PID: 0102824420059

Property Overview

Parcel ID0102824420059

Lot Size4,893 sq ft (0.112 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerA J STOKKE & S L STOKKE

Assessed Value$278,000

Land Value$90,000

Building Value$188,000

Annual Tax$4,233

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresDec 2022Closed

Standard Heating and Air Conditioning Inc

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth0 ft

Area~2,222 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,222 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3450 25TH AVE S MINNEAPOLIS MN 55406	OWEN BRAFFORD	RESIDENTIAL	$317,200	40 ft
3446 25TH AVE S MINNEAPOLIS MN 55406	I LUDENIA & R LEGG	RESIDENTIAL	$305,100	80 ft
3500 25TH AVE S MINNEAPOLIS MN 55406	GABRIELLE CORDES	RESIDENTIAL	$300,000	98 ft
3442 25TH AVE S MINNEAPOLIS MN 55406	SAMUEL SIMMONS JR	RESIDENTIAL	$299,900	120 ft
3455 24TH AVE S MINNEAPOLIS MN 55406	G D THORSETT ET AL	RESIDENTIAL	$344,100	136 ft
3504 25TH AVE S MINNEAPOLIS MN 55406	P G KOSKI & W WEBER JR	RESIDENTIAL	$300,200	137 ft
3451 24TH AVE S MINNEAPOLIS MN 55406	ALEX WADE NAKAMOTO	RESIDENTIAL	$333,000	142 ft
3447 24TH AVE S MINNEAPOLIS MN 55406	DOUGLAS J STETZ	RESIDENTIAL	$297,900	158 ft
3438 25TH AVE S MINNEAPOLIS MN 55406	STEPHEN M SALMEN ET AL	RESIDENTIAL	$339,000	160 ft
3501 24TH AVE S MINNEAPOLIS MN 55406	S SORENSEN & B ROLVAAG	RESIDENTIAL	$307,000	168 ft

Property History

Most Recent Sale

Date198910

Price$52,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,233