1016 24TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924320175

Property Overview

Parcel ID1202924320175

Lot Size4,239 sq ft (0.097 ac)

Lot Dimensions (est.)36 ft wide × 116 ft deep

Year Built1902

Property ClassRESIDENTIAL-TWO UNIT

OwnerCARLOS CAJAMARCA

Assessed Value$280,500

Land Value$105,000

Building Value$175,500

Annual Tax$5,327

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

2 permits on record since 2017 · Most recent: Apr 2022 (res)

ResApr 2022Closed

CenterPoint Energy Resource Corp

ExistresJan 2017Closed

TEAM MECHANICAL INC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width26 ft

Buildable depth78 ft

Area~2,022 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 2,022 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1012 24TH AVE N E MINNEAPOLIS MN 55418	CHRISTOPHER J NIEMCZYCKI	RESIDENTIAL-TWO UNIT	$288,000	38 ft
1008 24TH AVE N E MINNEAPOLIS MN 55418	JOHN & GAYLE DEWOLF	RESIDENTIAL-TWO UNIT	$313,300	73 ft
1020 24TH AVE N E MINNEAPOLIS MN 55418	MICHAEL JOSEPH CASSERLY	RESIDENTIAL-TWO UNIT	$366,900	74 ft
2329 POLK ST N E MINNEAPOLIS MN 55418	JOANNE MAKAY	RESIDENTIAL	$390,500	99 ft
1006 24TH AVE N E MINNEAPOLIS MN 55418	MIGUEL A TADAY	RESIDENTIAL-TWO UNIT	$352,400	108 ft
2327 POLK ST N E MINNEAPOLIS MN 55418	BRIDGET A TRAUT	RESIDENTIAL	$516,100	123 ft
1026 24TH AVE N E MINNEAPOLIS MN 55418	D ROTONDO & M ROTONDO	RESIDENTIAL	$215,700	126 ft
2328 TAYLOR ST N E MINNEAPOLIS MN 55418	DAVID A HARRINGTON	RESIDENTIAL-TWO UNIT	$412,600	137 ft
1000 24TH AVE N E MINNEAPOLIS MN 55418	BRANDON WILTERMUTH	RESIDENTIAL-TWO UNIT	$476,100	144 ft
2324 TAYLOR ST N E MINNEAPOLIS MN 55418	MARGARET JANIS	RESIDENTIAL	$394,900	156 ft

Property History

Most Recent Sale

Date199911

Price$110,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,327