412 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924310068

Property Overview

Parcel ID1102924310068

Lot Size3,846 sq ft (0.088 ac)

Lot Dimensions (est.)35 ft wide × 110 ft deep

Year Built1913

Property ClassRESIDENTIAL-TWO UNIT

OwnerJESSICA FERRIS & OWEN FERRIS

Assessed Value$330,000

Land Value$101,000

Building Value$229,000

Annual Tax$4,873

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2020 · $28K total declared value · Most recent: Feb 2020 (remodel)

RemodelFeb 2020Closed

$2K

DS BAHR CONSTRUCTION INC

RemodelJan 2020Closed

$26K

DS BAHR CONSTRUCTION INC

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

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,578/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 width25 ft

Buildable depth70 ft

Area~1,748 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 1,748 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2324 5TH ST N E MINNEAPOLIS MN 55418	WATERSTONE INVESTMENTS INC	RESIDENTIAL-TWO UNIT	$256,000	62 ft
2320 5TH ST N E MINNEAPOLIS MN 55418	M RICHEY & J PETERSON ET AL	RESIDENTIAL-TWO UNIT	$267,900	71 ft
2328 5TH ST N E MINNEAPOLIS MN 55418	DEERFIELD INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$240,200	73 ft
2329 4TH ST N E MINNEAPOLIS MN 55418	H J O LII & O REICH	RESIDENTIAL	$300,700	84 ft
2323 4TH ST N E MINNEAPOLIS MN 55418	GALO PLAZA CRIOLLO	RESIDENTIAL-TWO UNIT	$346,400	84 ft
2316 5TH ST N E MINNEAPOLIS MN 55418	GREGORY L JOHNSON	RESIDENTIAL	$222,000	94 ft
2319 4TH ST N E MINNEAPOLIS MN 55418	KILEY MCRAE BENSON	RESIDENTIAL-TWO UNIT	$376,000	114 ft
2312 5TH ST N E MINNEAPOLIS MN 55418	LUIS A PUMA & PATRICIA CAUDO	RESIDENTIAL-TWO UNIT	$365,100	145 ft
2400 5TH ST N E MINNEAPOLIS MN 55418	MICHAEL L HANDLEY	RESIDENTIAL-TWO UNIT	$344,800	155 ft
2313 4TH ST N E MINNEAPOLIS MN 55418	MARIA A BURBANO SALAZAR	RESIDENTIAL-TWO UNIT	$379,500	158 ft

Property History

Most Recent Sale

Date202007

Price$371,600

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,873