4149 23RD AVE S MINNEAPOLIS MN 55407

PID: 1202824240197

Property Overview

Parcel ID1202824240197

Lot Size4,875 sq ft (0.112 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerNATHAN B SHEPHERD

Assessed Value$355,500

Land Value$120,000

Building Value$235,500

Annual Tax$5,278

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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
4145 23RD AVE S MINNEAPOLIS MN 55407	KRISTI CARLSON & L K STEBOR	RESIDENTIAL	$282,400	40 ft
2304 42ND ST E MINNEAPOLIS MN 55406	E SKELTON & A THOMAS	RESIDENTIAL	$215,000	57 ft
2300 42ND ST E MINNEAPOLIS MN 55406	TERESA A NELSON	RESIDENTIAL	$195,600	70 ft
2308 42ND ST E MINNEAPOLIS MN 55406	E RODRIGUEZ-HEFTY & N AUER	RESIDENTIAL	$237,000	70 ft
4141 23RD AVE S MINNEAPOLIS MN 55407	NATHAN WHITTAKER/JESSICA LEE	RESIDENTIAL	$279,500	80 ft
4137 23RD AVE S MINNEAPOLIS MN 55407	MELISSA J HYSING	RESIDENTIAL	$180,400	120 ft
4148 24TH AVE S MINNEAPOLIS MN 55406	E A KALLAS & L J KALLAS	RESIDENTIAL	$291,100	136 ft
4142 24TH AVE S MINNEAPOLIS MN 55406	NEIL E & ANDREA L NAGLE	RESIDENTIAL	$276,800	141 ft
4152 24TH AVE S MINNEAPOLIS MN 55406	K MCKENNA & D KANNAPEL	RESIDENTIAL	$285,000	141 ft
4156 24TH AVE S MINNEAPOLIS MN 55406	R CLEMEN & J R CLEMEN	RESIDENTIAL	$261,400	156 ft

Property History

Most Recent Sale

Date201406

Price$243,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,278