1021 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924320123

Property Overview

Parcel ID1202924320123

Lot Size7,192 sq ft (0.165 ac)

Lot Dimensions (est.)60 ft wide × 119 ft deep

Year Built1976

Property ClassRESIDENTIAL-TWO UNIT

OwnerD A RAU & L J RAU

Assessed Value$455,400

Land Value$133,000

Building Value$322,400

Annual Tax$8,649

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

Windom Park · 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 width50 ft

Buildable depth80 ft

Area~3,996 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 3,996 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
1025 24TH AVE N E MINNEAPOLIS MN 55418	M J BRUNNETTE/L-A BRUNNETTE	RESIDENTIAL-TWO UNIT	$445,100	60 ft
1015 24TH AVE N E MINNEAPOLIS MN 55418	JAMIE E LARSON	RESIDENTIAL	$306,200	68 ft
1011 24TH AVE N E MINNEAPOLIS MN 55418	J L STOROVICH & R C LEHMAN	RESIDENTIAL	$193,800	106 ft
2410 TAYLOR ST N E MINNEAPOLIS MN 55418	IAN HACKMAN	RESIDENTIAL-TWO UNIT	$426,100	109 ft
2404 TAYLOR ST N E MINNEAPOLIS MN 55418	BRUZER PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$322,000	120 ft
1007 24TH AVE N E MINNEAPOLIS MN 55418	HARDIN THOMAS JAMES JR RV TR	RESIDENTIAL-TWO UNIT	$303,400	141 ft
2414 TAYLOR ST N E MINNEAPOLIS MN 55418	DEBRA SUSAN PETERSON TRUSTEE	RESIDENTIAL-TWO UNIT	$498,400	162 ft
2411 POLK ST N E MINNEAPOLIS MN 55418	STEVEN & KARIN R FISCHBACH	RESIDENTIAL-TWO UNIT	$376,100	164 ft
1020 24TH AVE N E MINNEAPOLIS MN 55418	MICHAEL JOSEPH CASSERLY	RESIDENTIAL-TWO UNIT	$366,900	165 ft
2415 POLK ST N E MINNEAPOLIS MN 55418	VICTOR G LUNA	RESIDENTIAL-TWO UNIT	$335,800	166 ft

Property History

Most Recent Sale

Date199308

Price$90,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,649