4140 24TH AVE S MINNEAPOLIS MN 55406

PID: 1202824240189

Property Overview

Parcel ID1202824240189

Lot Size4,876 sq ft (0.112 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerL A OLSON & W HOLTZAPPLE

Assessed Value$261,400

Land Value$120,000

Building Value$141,400

Annual Tax$3,710

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $17K total declared value · Most recent: May 2024 (existres)

ExistresMay 2024Closed

Home Energy Center Inc

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscApr 2021Closed

$5K

Thomas Seemon Enterprises

MiscMay 2019Closed

$9K

Roy Dalbec and Son Roofing Inc

MiscMay 2019Closed

$4K

THINK STUCCO

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~2,456 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 2,456 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4136 24TH AVE S MINNEAPOLIS MN 55406	K M WELCH & R J COLEMAN	RESIDENTIAL	$358,800	40 ft
4142 24TH AVE S MINNEAPOLIS MN 55406	NEIL E & ANDREA L NAGLE	RESIDENTIAL	$276,800	40 ft
4132 24TH AVE S MINNEAPOLIS MN 55406	D L ANDERSON & L KENNEDY	RESIDENTIAL	$313,500	80 ft
4148 24TH AVE S MINNEAPOLIS MN 55406	E A KALLAS & L J KALLAS	RESIDENTIAL	$291,100	80 ft
4128 24TH AVE S MINNEAPOLIS MN 55406	JULIE A BARTON	RESIDENTIAL	$351,000	120 ft
4152 24TH AVE S MINNEAPOLIS MN 55406	K MCKENNA & D KANNAPEL	RESIDENTIAL	$285,000	120 ft
4141 23RD AVE S MINNEAPOLIS MN 55407	NATHAN WHITTAKER/JESSICA LEE	RESIDENTIAL	$279,500	135 ft
4145 23RD AVE S MINNEAPOLIS MN 55407	KRISTI CARLSON & L K STEBOR	RESIDENTIAL	$282,400	141 ft
4137 23RD AVE S MINNEAPOLIS MN 55407	MELISSA J HYSING	RESIDENTIAL	$180,400	141 ft
4156 24TH AVE S MINNEAPOLIS MN 55406	R CLEMEN & J R CLEMEN	RESIDENTIAL	$261,400	157 ft

Property History

Most Recent Sale

Date199103

Price$80,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,710