3825 23RD AVE S MINNEAPOLIS MN 55407

PID: 1202824210112

Property Overview

Parcel ID1202824210112

Lot Size4,895 sq ft (0.112 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerC M CARLSON & J S CARLSON

Assessed Value$371,900

Land Value$121,000

Building Value$250,900

Annual Tax$5,552

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2012 · $80K total declared value · Most recent: Oct 2024 (res)

ResOct 2024Closed

Plumbing West Inc

ResOct 2023Closed

Urban Pine Plumbing and Mechanical Inc

ResApr 2022Closed

CenterPoint Energy Resource Corp

ResFeb 2021Closed

Plumbing West Inc

MiscMay 2020Closed

$7K

RENEWAL BY ANDERSEN CORP

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 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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~2,471 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 2,471 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
3829 23RD AVE S MINNEAPOLIS MN 55407	O L GRUDEM & S E GRUDEM	RESIDENTIAL	$424,000	40 ft
3821 23RD AVE S MINNEAPOLIS MN 55407	KELLY S SURGENOR	RESIDENTIAL	$291,300	40 ft
3817 23RD AVE S MINNEAPOLIS MN 55407	D W MELANDER & K E MELANDER	RESIDENTIAL	$299,000	80 ft
3833 23RD AVE S MINNEAPOLIS MN 55407	B J ANTON & DAVID M JEPSON	RESIDENTIAL	$347,300	90 ft
3813 23RD AVE S MINNEAPOLIS MN 55407	A HANSON & C HANSON	RESIDENTIAL	$340,000	120 ft
3824 24TH AVE S MINNEAPOLIS MN 55406	DANIEL TIMOTHY HOBBS	RESIDENTIAL	$310,200	136 ft
3820 24TH AVE S MINNEAPOLIS MN 55406	DANIEL HOBBS	RESIDENTIAL	$377,600	142 ft
3828 24TH AVE S MINNEAPOLIS MN 55406	J G NEWHOUSE & W L NEWHOUSE	RESIDENTIAL	$342,700	142 ft
3841 23RD AVE S MINNEAPOLIS MN 55407	DOUGLAS RANAHAN-SEMLER ET AL	RESIDENTIAL	$565,700	150 ft
3816 24TH AVE S MINNEAPOLIS MN 55406	R J ZIRKEL & H M LALUZERNE	RESIDENTIAL-TWO UNIT	$384,600	158 ft

Property History

Most Recent Sale

Date200112

Price$175,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,552