611 24TH AVE N MINNEAPOLIS MN 55411

PID: 1502924220044

Property Overview

Parcel ID1502924220044

Lot Size7,072 sq ft (0.162 ac)

Lot Dimensions (est.)44 ft wide × 161 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerREALLYFASTREALTY LLC

Assessed Value$108,000

Land Value$18,000

Building Value$90,000

Annual Tax$9,755

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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 rent1,556/mo

Renter-occupied45.7%

Median home value$177K

Vacancy rate3.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 22

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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 width34 ft

Buildable depth121 ft

Area~4,105 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 4,105 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
619 24TH AVE N MINNEAPOLIS MN 55411	FLOR YUPA DUTAN	RESIDENTIAL	$45,000	62 ft
2325 6TH ST N MINNEAPOLIS MN 55411	MORE PROPERTIES LLC	RESIDENTIAL	$167,300	72 ft
2327 6TH ST N MINNEAPOLIS MN 55411	ALEX GILLARD	RESIDENTIAL-TWO UNIT	$222,800	83 ft
623 24TH AVE N MINNEAPOLIS MN 55411	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	124 ft
2316 LYNDALE AVE N MINNEAPOLIS MN 55411	DEPT OF COMM PLAN/ECON DEVEL	VACANT LAND-RESIDENTIAL	$0	161 ft
610 24TH AVE N MINNEAPOLIS MN 55411	GOLDEN INVESTMENTS LLC	LOW INCOME RENTAL	$162,800	166 ft
2401 6TH ST N MINNEAPOLIS MN 55411	LUIS F GOMEZ GUTIERREZ	RESIDENTIAL-TWO UNIT	$275,800	177 ft
608 23RD AVE N MINNEAPOLIS MN 55411	PHOUA THOR KHANG	RESIDENTIAL	$211,000	177 ft
2318 LYNDALE AVE N MINNEAPOLIS MN 55411	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	184 ft
616 23RD AVE N MINNEAPOLIS MN 55411	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	185 ft

Property History

Most Recent Sale

Date202501

Price$70,850

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$9,755