3957 23RD AVE S MINNEAPOLIS MN 55407

PID: 1202824210192

Property Overview

Parcel ID1202824210192

Lot Size4,072 sq ft (0.093 ac)

Lot Dimensions (est.)122 ft wide × 33 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerJOHN MERTEN

Assessed Value$327,300

Land Value$109,000

Building Value$218,300

Annual Tax$4,808

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $3K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$3K

KAUFMAN SHEET METAL ROOFING INC

ResApr 2022Closed

CenterPoint Energy Resource Corp

ExistresJul 2020Closed

Standard Heating and Air Conditioning 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 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth0 ft

Area~1,671 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 sfr / adu benchmarks for 1,671 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3953 23RD AVE S MINNEAPOLIS MN 55407	B & C MOLINE	RESIDENTIAL	$282,500	37 ft
3949 23RD AVE S MINNEAPOLIS MN 55407	C A ROE & R A KRENZ ROE	RESIDENTIAL	$355,100	77 ft
3945 23RD AVE S MINNEAPOLIS MN 55407	M A STEINER & J M STEINER	RESIDENTIAL	$152,100	117 ft
4001 23RD AVE S MINNEAPOLIS MN 55407	TERAN MELTON & JOSEPH MELTON	RESIDENTIAL	$319,000	117 ft
3956 24TH AVE S MINNEAPOLIS MN 55406	LEONARDO C PEREZ	RESIDENTIAL	$277,000	136 ft
3950 24TH AVE S MINNEAPOLIS MN 55406	ANN W MILLER	RESIDENTIAL	$304,900	141 ft
3948 24TH AVE S MINNEAPOLIS MN 55406	ROBB LAAKE/NATALIE OSHEA	RESIDENTIAL	$366,800	156 ft
3941 23RD AVE S MINNEAPOLIS MN 55407	THANE G MAXWELL	RESIDENTIAL	$256,600	157 ft
4005 23RD AVE S MINNEAPOLIS MN 55407	LESLIE J BURSINGER	RESIDENTIAL	$292,000	158 ft
3944 24TH AVE S MINNEAPOLIS MN 55406	MATTHEW JARED STRASSER	RESIDENTIAL	$301,900	179 ft

Property History

Most Recent Sale

Date201407

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,808