347 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924310041

Property Overview

Parcel ID1102924310041

Lot Size2,417 sq ft (0.055 ac)

Lot Dimensions (est.)44 ft wide × 55 ft deep

Year Built1910

Property ClassRESIDENTIAL-TWO UNIT

OwnerNATHAN C SHERWIN

Assessed Value$256,900

Land Value$78,000

Building Value$178,900

Annual Tax$3,648

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

5 permits on record since 2019 · $15K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Final Inspection

CenterPoint Energy Resource Corp

RemodelMar 2024Closed

$600

Cedar and Stone LLC

MiscJun 2022Closed

$15K

ABC Exteriors Inc

ExistresJul 2021Closed

Hilliard Heating & Cooling Inc

ExistresNov 2019Closed

Ray N Welter Heating Co

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

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 17

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth15 ft

Area~510 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Marginal

Back-of-envelope estimate based on sfr / adu benchmarks for 510 sqft buildable area.

Est. units

Yield on cost

5.1%

Spread

-0.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2400 4TH ST N E MINNEAPOLIS MN 55418	M V LLAPA & R N LLAPA	APARTMENT	$437,000	62 ft
2406 4TH ST N E MINNEAPOLIS MN 55418	PELOQUIN LEE II LLC	RESIDENTIAL-TWO UNIT	$311,100	68 ft
345 24TH AVE N E MINNEAPOLIS MN 55418	HANNAH BROWN	RESIDENTIAL	$331,500	74 ft
2412 4TH ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	117 ft
343 24TH AVE N E MINNEAPOLIS MN 55418	D B CHALCO & X M CHALCO	RESIDENTIAL-TWO UNIT	$327,500	121 ft
2328 4TH ST N E MINNEAPOLIS MN 55418	M E MONKO & T R MONKO	RESIDENTIAL	$378,400	127 ft
2418 4TH ST N E MINNEAPOLIS MN 55418	DANIEL WELLENDORF	RESIDENTIAL-TWO UNIT	$377,100	170 ft
2322 4TH ST N E MINNEAPOLIS MN 55418	C E SMITH & G D SMITH	RESIDENTIAL-TWO UNIT	$356,300	180 ft
344 24TH AVE N E MINNEAPOLIS MN 55418	J K C ROMERO & I M M CABRERA	RESIDENTIAL	$402,100	183 ft
2401 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	MELANIE V GRAHAM	RESIDENTIAL	$375,100	183 ft

Property History

Most Recent Sale

Date202106

Price$297,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,648