2320 MINNEAPOLIS AVE MINNEAPOLIS MN 55406

PID: 3102923220100

Property Overview

Parcel ID3102923220100

Lot Size7,382 sq ft (0.169 ac)

Lot Dimensions (est.)126 ft wide × 59 ft deep

Year Built1928

Property ClassRESIDENTIAL-TWO UNIT

OwnerJASON E MCDONALD

Assessed Value$520,200

Land Value$195,000

Building Value$325,200

Annual Tax$8,125

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $22K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Inspection

SODERLIN PLUMBING HEATING AND AIR

RemodelJun 2023Closed

$8K

ALL ENERGY SOLAR INC

MiscMar 2020Closed

$14K

STORM GROUP ROOFING LLC

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width113 ft

Buildable depth19 ft

Area~3,219 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 3,219 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3308 24TH ST E MINNEAPOLIS MN 55406	G BARNIDGE & M BARNIDGE	RESIDENTIAL	$515,000	67 ft
3304 24TH ST E MINNEAPOLIS MN 55406	OTTO RAMSTAD REVOCABLE TRUST	RESIDENTIAL-TWO UNIT	$506,400	105 ft
3300 24TH ST E MINNEAPOLIS MN 55406	PAUL MARK HUDALLA	RESIDENTIAL	$357,600	144 ft
2321 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	E B MARIA & A GREIM	RESIDENTIAL	$322,100	155 ft
2325 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	ANDREW PHELAN JR TRUSTEE	RESIDENTIAL	$335,400	155 ft
2400 34TH AVE S MINNEAPOLIS MN 55406	M WINIKOFF & U S HARGENS	RESIDENTIAL	$394,400	163 ft
2401 33RD AVE S MINNEAPOLIS MN 55406	P P SCHAFFNER & K E MOSS	RESIDENTIAL	$355,700	163 ft
2329 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	KIANOOSH KARAMI & ANNE KENT	RESIDENTIAL	$343,500	164 ft
2317 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	MARY ANN BJORNEBY	RESIDENTIAL	$345,800	166 ft
2315 33RD AVE S MINNEAPOLIS MN 55406	ELIZABETH SHERRI LESSINGER	RESIDENTIAL	$295,200	176 ft

Property History

Most Recent Sale

Date202004

Price$452,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,125