3824 24TH AVE S MINNEAPOLIS MN 55406

PID: 1202824210096

Property Overview

Parcel ID1202824210096

Lot Size4,894 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1970

Property ClassRESIDENTIAL

OwnerDANIEL TIMOTHY HOBBS

Assessed Value$310,200

Land Value$121,000

Building Value$189,200

Annual Tax$4,784

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $50K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Closed

$8K

Quality Exteriors Inc

ResNov 2020Closed

Burnham Plumbing LLC

RemodelNov 2020Closed

$38K

Daniel Hobbs

ExistresNov 2020Closed

Air It Indoor Comfort LLC

RemodelOct 2018Closed

$2K

GREENE CONSTRUCTION INC

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

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width30 ft

Buildable depth82 ft

Area~2,470 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 2,470 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
3820 24TH AVE S MINNEAPOLIS MN 55406	DANIEL HOBBS	RESIDENTIAL	$377,600	40 ft
3828 24TH AVE S MINNEAPOLIS MN 55406	J G NEWHOUSE & W L NEWHOUSE	RESIDENTIAL	$342,700	40 ft
3816 24TH AVE S MINNEAPOLIS MN 55406	R J ZIRKEL & H M LALUZERNE	RESIDENTIAL-TWO UNIT	$384,600	80 ft
3832 24TH AVE S MINNEAPOLIS MN 55406	CHELSEA KANE & DANIEL KANE	RESIDENTIAL	$675,300	80 ft
3836 24TH AVE S MINNEAPOLIS MN 55406	S M BECKER & C A BECKER	RESIDENTIAL	$404,200	120 ft
3825 23RD AVE S MINNEAPOLIS MN 55407	C M CARLSON & J S CARLSON	RESIDENTIAL	$371,900	136 ft
3829 23RD AVE S MINNEAPOLIS MN 55407	O L GRUDEM & S E GRUDEM	RESIDENTIAL	$424,000	142 ft
3821 23RD AVE S MINNEAPOLIS MN 55407	KELLY S SURGENOR	RESIDENTIAL	$291,300	142 ft
3817 23RD AVE S MINNEAPOLIS MN 55407	D W MELANDER & K E MELANDER	RESIDENTIAL	$299,000	158 ft
3840 24TH AVE S MINNEAPOLIS MN 55406	LISA ANNE BUCHANAN	RESIDENTIAL	$238,200	160 ft

Property History

Most Recent Sale

Date201912

Price$242,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,784