4132 23RD AVE S MINNEAPOLIS MN 55407

PID: 1202824240157

Property Overview

Parcel ID1202824240157

Lot Size5,077 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerTRAVIS CAREW DROOGSMA

Assessed Value$220,100

Land Value$123,000

Building Value$97,100

Annual Tax$3,021

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $42K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscFeb 2024Closed

$12K

LEGACY RESTORATION LLC

MiscSep 2023Cancelled

$12K

LEGACY RESTORATION LLC

MiscSep 2023Cancelled

$12K

LEGACY RESTORATION LLC

MiscSep 2023Closed

$7K

LEGACY RESTORATION LLC

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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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 depth87 ft

Area~2,607 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 2,607 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
4128 23RD AVE S MINNEAPOLIS MN 55407	S G HIATT & J SEDLOCK	RESIDENTIAL	$268,800	40 ft
4136 23RD AVE S MINNEAPOLIS MN 55407	C HOHENSTEIN & S HOHENSTEIN	RESIDENTIAL	$354,400	40 ft
4124 23RD AVE S MINNEAPOLIS MN 55407	PETER HEGLAND/MOLLY O'TOOLE	RESIDENTIAL	$327,300	80 ft
4140 23RD AVE S MINNEAPOLIS MN 55407	MELINDA S LUMM	RESIDENTIAL	$317,800	80 ft
4120 23RD AVE S MINNEAPOLIS MN 55407	BILLIE C S SLATER TRUST	RESIDENTIAL	$254,200	120 ft
4144 23RD AVE S MINNEAPOLIS MN 55407	STEVEN E KLEIN & ANN K KLEIN	RESIDENTIAL	$297,400	120 ft
4135 STANDISH AVE MINNEAPOLIS MN 55407	KATHLEEN KAY HELMEKE	RESIDENTIAL	$390,300	141 ft
4137 STANDISH AVE MINNEAPOLIS MN 55407	VAZ HARWOOD LLC	RESIDENTIAL	$276,400	146 ft
4133 STANDISH AVE MINNEAPOLIS MN 55407	JOANNA K SAND	RESIDENTIAL-TWO UNIT	$393,400	146 ft
4116 23RD AVE S MINNEAPOLIS MN 55407	JEFFERY A MARTINSON	RESIDENTIAL	$232,000	160 ft

Property History

Most Recent Sale

Date201812

Price$168,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,021