24 LUVERNE AVE MINNEAPOLIS MN 55419

PID: 1502824420025

Property Overview

Parcel ID1502824420025

Lot Size6,970 sq ft (0.160 ac)

Lot Dimensions (est.)101 ft wide × 69 ft deep

Year Built1949

Property ClassRESIDENTIAL

OwnerL L B MANOR & J D MANOR

Assessed Value$517,000

Land Value$240,000

Building Value$277,000

Annual Tax$8,033

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $51K total declared value · Most recent: Jul 2019 (misc)

MiscJul 2019Closed

$23K

CROSSROAD CONSTRUCTION INC

ResSep 2018Closed

Nybo Peterson Plumbing Co Inc

RemodelSep 2018Closed

$26K

NORTHRUP REMODELING

AdditionSep 2017Closed

$2K

Hage Construction Co

ResJan 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Minneapolis

Median reported rent1,486/mo

Renter-occupied21.5%

Median home value$519K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1115

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 width52 ft

Buildable depth72 ft

Area~3,442 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 3,442 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
20 LUVERNE AVE MINNEAPOLIS MN 55419	MERRITT L CAMPBELL	RESIDENTIAL	$325,700	63 ft
30 LUVERNE AVE MINNEAPOLIS MN 55419	ALICE KING MOORMANN	RESIDENTIAL	$473,900	67 ft
5137 NICOLLET AVE MINNEAPOLIS MN 55419	A T BACK & N K STARKS	RESIDENTIAL-TWO UNIT	$467,300	110 ft
5133 NICOLLET AVE MINNEAPOLIS MN 55419	MARK BRAGET	RESIDENTIAL-TWO UNIT	$426,900	110 ft
16 LUVERNE AVE MINNEAPOLIS MN 55419	D J O'NEIL & D M O'NEIL	RESIDENTIAL	$575,200	121 ft
5127 NICOLLET AVE MINNEAPOLIS MN 55419	JOSHUA LEE CHRISTOFFER ET AL	RESIDENTIAL-TWO UNIT	$504,700	130 ft
5141 NICOLLET AVE MINNEAPOLIS MN 55419	D M MCMILLEN & S R MCMILLEN	RESIDENTIAL	$375,800	130 ft
32 LUVERNE AVE MINNEAPOLIS MN 55419	CHAD J CLOW & KARLA R CLOW	RESIDENTIAL	$489,300	144 ft
25 LUVERNE AVE MINNEAPOLIS MN 55419	CAROLINE CUNINGHAM ASKEW	RESIDENTIAL	$479,800	148 ft
35 LUVERNE AVE MINNEAPOLIS MN 55419	BRENDAN T HUBBARD	RESIDENTIAL	$339,800	155 ft

Property History

Most Recent Sale

Date202412

Price$585,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,033