4205 23RD AVE S MINNEAPOLIS MN 55407

PID: 1202824310002

Property Overview

Parcel ID1202824310002

Lot Size7,407 sq ft (0.170 ac)

Lot Dimensions (est.)164 ft wide × 45 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerKAREN M GABRIELSON

Assessed Value$306,100

Land Value$172,000

Building Value$134,100

Annual Tax$4,455

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

2 permits on record since 2022 · $13K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Closed

$13K

PASKAR CONSTRUCTION LLC

ResApr 2022Closed

CenterPoint Energy Resource Corp

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

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 width35 ft

Buildable depth125 ft

Area~4,361 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 3-story wood frame (5–12 units) benchmarks for 4,361 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4201 23RD AVE S MINNEAPOLIS MN 55407	J M REAMS & A H BALDRY	RESIDENTIAL	$397,100	45 ft
4209 23RD AVE S MINNEAPOLIS MN 55407	ELIZABETH L FLINN	RESIDENTIAL	$363,200	45 ft
4215 23RD AVE S MINNEAPOLIS MN 55407	PATRICIA MARIE HEALY JANSSEN	RESIDENTIAL	$445,600	90 ft
4217 23RD AVE S MINNEAPOLIS MN 55407	T HILLEBRAND/A K HILLEBRAND	RESIDENTIAL	$479,600	135 ft
4204 24TH AVE S MINNEAPOLIS MN 55406	LARA DALE & ASHLEIGH DOWLS	RESIDENTIAL	$409,000	142 ft
4208 24TH AVE S MINNEAPOLIS MN 55406	KIMBERLY S MILLIKEN	RESIDENTIAL	$270,500	144 ft
4200 24TH AVE S MINNEAPOLIS MN 55406	JOSHUA STENGLEIN	RESIDENTIAL	$283,000	150 ft
4212 24TH AVE S MINNEAPOLIS MN 55406	JASON CARTER	RESIDENTIAL	$253,600	156 ft
4216 24TH AVE S MINNEAPOLIS MN 55406	PATRICK M MCCARTHY	RESIDENTIAL	$262,000	177 ft
4221 23RD AVE S MINNEAPOLIS MN 55407	JOHN R & LUISA C FOSE	RESIDENTIAL	$466,400	180 ft

Property History

Current Tax Year

Year2026

Tax Due$4,455