4041 23RD AVE S MINNEAPOLIS MN 55407

PID: 1202824240227

Property Overview

Parcel ID1202824240227

Lot Size5,127 sq ft (0.118 ac)

Lot Dimensions (est.)122 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerS A SCHARCH & D D CUTTS

Assessed Value$274,600

Land Value$123,000

Building Value$151,600

Annual Tax$3,930

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $18K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$12K

BERKSHIRE HOME SOLUTIONS

ResApr 2022Closed

CenterPoint Energy Resource Corp

MiscSep 2020Closed

$3K

KAUFMAN SHEET METAL ROOFING INC

AdditionSep 2020Closed

$2K

JC Miller and Sons Inc

MiscJul 2019Closed

$1K

Stacy Scharch

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth82 ft

Area~2,625 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 sfr / adu benchmarks for 2,625 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4045 23RD AVE S MINNEAPOLIS MN 55407	C J HAUG & K R STARR	RESIDENTIAL	$373,900	42 ft
4037 23RD AVE S MINNEAPOLIS MN 55407	JOHN B LEHTINEN & J E LABRIE	RESIDENTIAL	$278,700	42 ft
4049 23RD AVE S MINNEAPOLIS MN 55407	DANNY L & JANE E CLAUSEN	RESIDENTIAL	$321,100	84 ft
4033 23RD AVE S MINNEAPOLIS MN 55407	S P DARLING & R S DARLING	RESIDENTIAL	$342,500	84 ft
4053 23RD AVE S MINNEAPOLIS MN 55407	MELISSA RUDNICK	RESIDENTIAL	$288,000	126 ft
4029 23RD AVE S MINNEAPOLIS MN 55407	P J GYURA & A N GYURA	RESIDENTIAL	$349,500	126 ft
4040 24TH AVE S MINNEAPOLIS MN 55406	PHILIP & CAROL ANN MARRON	RESIDENTIAL-TWO UNIT	$365,600	136 ft
4036 24TH AVE S MINNEAPOLIS MN 55406	R T LE MOINE & L A LE MOINE	RESIDENTIAL	$378,100	142 ft
4044 24TH AVE S MINNEAPOLIS MN 55406	MARGARET BREIVIK	RESIDENTIAL-TWO UNIT	$368,400	142 ft
4032 24TH AVE S MINNEAPOLIS MN 55406	KATHERINE J SWENSON	RESIDENTIAL	$260,400	160 ft

Property History

Most Recent Sale

Date199502

Price$82,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,930