1030 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924320162

Property Overview

Parcel ID1202924320162

Lot Size3,584 sq ft (0.082 ac)

Lot Dimensions (est.)40 ft wide × 89 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerTERRY HORSTMAN

Assessed Value$372,500

Land Value$95,000

Building Value$277,500

Annual Tax$5,584

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

5 permits on record since 2022 · $45K total declared value · Most recent: Sep 2024 (existres)

ExistresSep 2024Expired

MAJESTIC CUSTOM HEATING & AIR CONDITIONING

ResJun 2022Closed

BKMC

ResFeb 2022Closed

CenterPoint Energy Resource Corp

RemodelFeb 2022Closed

$45K

SANDSTONE REMODELING LLC

ResFeb 2022Closed

PRIORITY PLUMBING AND DRAINS

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width27 ft

Buildable depth49 ft

Area~1,340 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 1,340 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1028 24TH AVE N E MINNEAPOLIS MN 55418	CHLOE LAMERSON TRUST ET AL	RESIDENTIAL	$313,100	37 ft
1026 24TH AVE N E MINNEAPOLIS MN 55418	D ROTONDO & M ROTONDO	RESIDENTIAL	$215,700	72 ft
2328 TAYLOR ST N E MINNEAPOLIS MN 55418	DAVID A HARRINGTON	RESIDENTIAL-TWO UNIT	$412,600	96 ft
1100 24TH AVE N E MINNEAPOLIS MN 55418	MARTIN MORENO	RESIDENTIAL	$230,200	121 ft
1020 24TH AVE N E MINNEAPOLIS MN 55418	MICHAEL JOSEPH CASSERLY	RESIDENTIAL-TWO UNIT	$366,900	125 ft
2324 TAYLOR ST N E MINNEAPOLIS MN 55418	MARGARET JANIS	RESIDENTIAL	$394,900	126 ft
2322 TAYLOR ST N E MINNEAPOLIS MN 55418	J S SPIROU & S E SPIROU	RESIDENTIAL	$365,700	161 ft
1104 24TH AVE N E MINNEAPOLIS MN 55418	C THOMAS & A MURRAY-STARK	RESIDENTIAL	$330,100	163 ft
2404 TAYLOR ST N E MINNEAPOLIS MN 55418	BRUZER PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$322,000	165 ft
1025 24TH AVE N E MINNEAPOLIS MN 55418	M J BRUNNETTE/L-A BRUNNETTE	RESIDENTIAL-TWO UNIT	$445,100	178 ft

Property History

Most Recent Sale

Date202304

Price$356,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,584