1112 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924320040

Property Overview

Parcel ID1202924320040

Lot Size2,426 sq ft (0.056 ac)

Lot Dimensions (est.)30 ft wide × 80 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerCHINYERE VERNA OKWULEHIE

Assessed Value$251,800

Land Value$76,000

Building Value$175,800

Annual Tax$3,562

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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 rent1,259/mo

Renter-occupied70.2%

Median home value$289K

Vacancy rate11.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1019

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 width20 ft

Buildable depth41 ft

Area~818 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 818 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
1108 24TH AVE N E MINNEAPOLIS MN 55418	CITY OF LAKES COMM LAND TRST	RESIDENTIAL	$206,100	35 ft
1114 24TH AVE N E MINNEAPOLIS MN 55418	MARY BOVE & JOSEPH BOVE	RESIDENTIAL	$161,000	48 ft
1104 24TH AVE N E MINNEAPOLIS MN 55418	C THOMAS & A MURRAY-STARK	RESIDENTIAL	$330,100	75 ft
1120 24TH AVE N E MINNEAPOLIS MN 55418	BRYAN KRIEGER & L KRIEGER	RESIDENTIAL	$260,800	88 ft
2329 TAYLOR ST N E MINNEAPOLIS MN 55418	HANNAH M GRACZYK	RESIDENTIAL-TWO UNIT	$455,900	94 ft
2332 FILLMORE ST N E MINNEAPOLIS MN 55418	BRIAN D EDWARDSON	RESIDENTIAL	$367,300	112 ft
1100 24TH AVE N E MINNEAPOLIS MN 55418	MARTIN MORENO	RESIDENTIAL	$230,200	116 ft
2327 TAYLOR ST N E MINNEAPOLIS MN 55418	S D NGUYEN & J L NGUYEN	RESIDENTIAL	$265,000	127 ft
2330 FILLMORE ST N E MINNEAPOLIS MN 55418	A W R MAY & L C CROSS	RESIDENTIAL	$256,500	129 ft
1115 24TH AVE N E MINNEAPOLIS MN 55418	SCOTT MARTAIN & GRETA HOLL	RESIDENTIAL	$260,700	136 ft

Property History

Most Recent Sale

Date202112

Price$269,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,562