722 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924410128

Property Overview

Parcel ID1102924410128

Lot Size3,548 sq ft (0.081 ac)

Lot Dimensions (est.)37 ft wide × 95 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerADAM NEUMANN

Assessed Value$309,800

Land Value$97,000

Building Value$212,800

Annual Tax$6,049

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 2018 · Most recent: Jun 2019 (res)

ResJun 2019Closed

Farr Plumbing and Heating LLC

ExistresDec 2018Closed

CenterPoint Energy Resource Corp

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width27 ft

Buildable depth56 ft

Area~1,511 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 1,511 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
718 24TH AVE N E MINNEAPOLIS MN 55418	D & C PROPERTIES INC	RESIDENTIAL-TWO UNIT	$276,400	37 ft
726 24TH AVE N E MINNEAPOLIS MN 55418	C BURKHOLDER/R BLAND ET AL	RESIDENTIAL-TWO UNIT	$306,300	38 ft
2330 QUINCY ST N E MINNEAPOLIS MN 55418	J BRAATEN & A BRAATEN	RESIDENTIAL	$321,000	70 ft
714 24TH AVE N E MINNEAPOLIS MN 55418	GABRIEL RAMIREZ-HERNANDEZ	RESIDENTIAL	$306,000	74 ft
2324 QUINCY ST N E MINNEAPOLIS MN 55418	WEST EDGE INVESTMENTS LLC	APARTMENT	$378,000	108 ft
712 24TH AVE N E MINNEAPOLIS MN 55418	VICKIE SOBER	RESIDENTIAL	$190,300	132 ft
2320 QUINCY ST N E MINNEAPOLIS MN 55418	KRISTOPHER EDMOND	RESIDENTIAL-TWO UNIT	$428,900	149 ft
723 24TH AVE N E MINNEAPOLIS MN 55418	CHRISTINE NALEPKA	RESIDENTIAL	$185,500	151 ft
719 24TH AVE N E MINNEAPOLIS MN 55418	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$218,400	155 ft
727 24TH AVE N E MINNEAPOLIS MN 55418	MARY SANDS	RESIDENTIAL	$154,000	156 ft

Property History

Most Recent Sale

Date201905

Price$352,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,049