617 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924310002

Property Overview

Parcel ID1102924310002

Lot Size4,618 sq ft (0.106 ac)

Lot Dimensions (est.)42 ft wide × 110 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerDENNIS A RUSINKO

Assessed Value$237,000

Land Value$97,000

Building Value$140,000

Annual Tax$3,315

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2017 · Most recent: Feb 2022 (res)

ResFeb 2022Closed

CenterPoint Energy Resource Corp

ResSep 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,204/mo

Renter-occupied56.0%

Median home value$293K

Vacancy rate8.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1018

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 width29 ft

Buildable depth70 ft

Area~2,029 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 2,029 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
615 24TH AVE N E MINNEAPOLIS MN 55418	RUSSELL BOEBERT	RESIDENTIAL	$432,500	42 ft
611 24TH AVE N E MINNEAPOLIS MN 55418	RACHEL M LARSEN	RESIDENTIAL	$358,900	82 ft
2401 7TH ST N E MINNEAPOLIS MN 55418	E JAAP & W K JAAP	TRIPLEX	$385,700	116 ft
614 LOWRY AVE N E MINNEAPOLIS MN 55418	SHOESTRING LLC	COMMERCIAL-PREFERRED	$721,000	151 ft
2326 7TH ST N E MINNEAPOLIS MN 55418	GRANT & REBECCA ADAMS	RESIDENTIAL	$297,400	154 ft
2331 7TH ST N E MINNEAPOLIS MN 55418	TRUST AGMT OF L C RANALLO	RESIDENTIAL-TWO UNIT	$269,400	162 ft
2411 6TH ST N E MINNEAPOLIS MN 55418	N JOHNSON & C JOHNSON	RESIDENTIAL	$303,800	167 ft
2401 6TH ST N E MINNEAPOLIS MN 55418	JOHN P BURNS/EUNICE N BURNS	RESIDENTIAL	$301,100	167 ft
2415 6TH ST N E MINNEAPOLIS MN 55418	C D JOHNSON & K C DUNN	RESIDENTIAL	$367,800	184 ft
2322 7TH ST N E MINNEAPOLIS MN 55418	OC PROPERTIES LLC	RESIDENTIAL	$318,100	208 ft

Property History

Current Tax Year

Year2026

Tax Due$3,315