3539 24TH AVE S MINNEAPOLIS MN 55406

PID: 0102824420094

Property Overview

Parcel ID0102824420094

Lot Size4,890 sq ft (0.112 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerMARTA L KNUTSON

Assessed Value$231,000

Land Value$103,000

Building Value$128,000

Annual Tax$3,830

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 2023 · Most recent: Feb 2023 (res)

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 depth82 ft

Area~2,467 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 2,467 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
3543 24TH AVE S MINNEAPOLIS MN 55406	HOLLY LOUISE ZAHAVI	RESIDENTIAL	$319,900	40 ft
3533 24TH AVE S MINNEAPOLIS MN 55406	NANCY LOUISE DETERMANN	RESIDENTIAL	$311,500	40 ft
3547 24TH AVE S MINNEAPOLIS MN 55406	TIMOTHY J COUNTS	RESIDENTIAL	$323,500	80 ft
3531 24TH AVE S MINNEAPOLIS MN 55406	C M HELLAND & S M BURSETH	RESIDENTIAL	$312,000	80 ft
3551 24TH AVE S MINNEAPOLIS MN 55406	MARISA DAGNY MATHESON	RESIDENTIAL	$305,000	120 ft
3527 24TH AVE S MINNEAPOLIS MN 55406	KAMIE HOOVER/NICHOLAS STAHL	RESIDENTIAL	$286,900	120 ft
3540 25TH AVE S MINNEAPOLIS MN 55406	J & M WELLS	RESIDENTIAL	$332,300	136 ft
3536 25TH AVE S MINNEAPOLIS MN 55406	ACMN PROPERTIES LLC	LOW INCOME RENTAL	$178,100	142 ft
3544 25TH AVE S MINNEAPOLIS MN 55406	CITY/LAKES COMMUNITY LAND TR	—	$271,700	142 ft
3532 25TH AVE S MINNEAPOLIS MN 55406	J A HACKNER & T J REPPE	RESIDENTIAL	$337,800	158 ft

Property History

Most Recent Sale

Date202005

Price$210,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,830