3225 24TH ST E MINNEAPOLIS MN 55406

PID: 3102923230002

Property Overview

Parcel ID3102923230002

Lot Size5,380 sq ft (0.124 ac)

Lot Dimensions (est.)42 ft wide × 129 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerA D GILLESPIE & J M MAJKOZAK

Assessed Value$336,100

Land Value$156,000

Building Value$180,100

Annual Tax$4,974

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2020 · $78K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

ExistresNov 2025Closed

SWIFT HEATING & AIR CONDITIONING INC

ResAug 2025Inspection

Plumbing Restoration & Services LLC

ResAug 2025Closed

Plumbing Restoration & Services LLC

AdditionJul 2025Closed

$73K

URBAN REBUILDERS LLC

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth94 ft

Area~2,834 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 2,834 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
3231 24TH ST E MINNEAPOLIS MN 55406	BENJAMIN REICHERT ET AL	RESIDENTIAL	$284,900	40 ft
3221 24TH ST E MINNEAPOLIS MN 55406	MONICA J WALSH	RESIDENTIAL	$392,100	40 ft
3217 24TH ST E MINNEAPOLIS MN 55406	J T ARCK & T M KLECZEWSKI	RESIDENTIAL	$368,100	80 ft
2412 33RD AVE S MINNEAPOLIS MN 55406	CARLIE ABEL ET AL	RESIDENTIAL	$505,100	103 ft
3215 24TH ST E MINNEAPOLIS MN 55406	MICHAEL GREWE/JONATHAN POPKO	RESIDENTIAL	$313,300	120 ft
2416 33RD AVE S MINNEAPOLIS MN 55406	JULIE RIBAR & NEIL RIBAR	RESIDENTIAL	$300,800	142 ft
3209 24TH ST E MINNEAPOLIS MN 55406	ELIZABETH R MCARTHUR	RESIDENTIAL	$358,100	160 ft
2420 33RD AVE S MINNEAPOLIS MN 55406	A DAVIDSON & T SCHWEIZER	RESIDENTIAL	$432,300	182 ft
3205 24TH ST E MINNEAPOLIS MN 55406	JONATHAN BERRY/YUFENG CHANG	RESIDENTIAL	$398,600	200 ft
2405 33RD AVE S MINNEAPOLIS MN 55406	KARIE A WETTENACH	RESIDENTIAL	$271,000	203 ft

Property History

Most Recent Sale

Date198607

Price$56,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,974