317 23RD AVE N E MINNEAPOLIS MN 55418

PID: 1102924320065

Property Overview

Parcel ID1102924320065

Lot Size3,723 sq ft (0.085 ac)

Lot Dimensions (est.)40 ft wide × 94 ft deep

Year Built1926

Property ClassRESIDENTIAL

Owner2300 UNIVERSITY LLC

Assessed Value$313,100

Land Value$99,000

Building Value$214,100

Annual Tax$4,847

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Bottineau · 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$368K-0.7% YoY

Median price / sqft$228/sqft

Median days to close15 days

Active listings75

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

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width29 ft

Buildable depth55 ft

Area~1,600 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 1,600 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
311 23RD AVE N E MINNEAPOLIS MN 55418	GOTHAM RENTALS LLC	RESIDENTIAL-TWO UNIT	$376,100	70 ft
2300 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	2300 UNIVERSITY LLC	COMMERCIAL-PREFERRED	$1,771,000	86 ft
2309 3RD ST N E MINNEAPOLIS MN 55418	DALE R/ANNE H MACKERETH	RESIDENTIAL-TWO UNIT	$377,700	132 ft
2305 3RD ST N E MINNEAPOLIS MN 55418	MICHAEL BREN & DIANE BREN	RESIDENTIAL-TWO UNIT	$320,800	153 ft
2226 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	GOLDEN POINT ESTATE LLC	RESIDENTIAL-TWO UNIT	$341,300	156 ft
316 23RD AVE N E MINNEAPOLIS MN 55418	KRISTEN EMILY ALLEN	RESIDENTIAL	$257,000	156 ft
2315 3RD ST N E MINNEAPOLIS MN 55418	KELLEY E DRAEHN	RESIDENTIAL	$208,100	162 ft
2227 3RD ST N E MINNEAPOLIS MN 55418	JONATHAN FRANCIS MISKOWIEC	RESIDENTIAL-TWO UNIT	$382,500	175 ft
2316 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	2300 UNIVERSITY LLC	LAND-COMMERCIAL	$118,600	175 ft
2222 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	NATHAN MEYER	RESIDENTIAL	$274,200	195 ft

Property History

Most Recent Sale

Date202109

Price$2,050,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,847