3201 24TH ST E MINNEAPOLIS MN 55406

PID: 3102923230008

Property Overview

Parcel ID3102923230008

Lot Size5,380 sq ft (0.124 ac)

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

Year Built2008

Property ClassRESIDENTIAL

OwnerFAY C SIMER & KURT SIMER

Assessed Value$641,800

Land Value$153,000

Building Value$488,800

Annual Tax$10,434

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2007 · $400K total declared value · Most recent: Dec 2007 (binb)

BinbDec 2007

$400K

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

Neighborhood Profile

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

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 width29 ft

Buildable depth89 ft

Area~2,551 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 2,551 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
3205 24TH ST E MINNEAPOLIS MN 55406	JONATHAN BERRY/YUFENG CHANG	RESIDENTIAL	$398,600	40 ft
3209 24TH ST E MINNEAPOLIS MN 55406	ELIZABETH R MCARTHUR	RESIDENTIAL	$358,100	80 ft
2400 32ND AVE S MINNEAPOLIS MN 55406	A HART/E M HART/J J HART	RESIDENTIAL-TWO UNIT	$415,200	100 ft
2415 32ND AVE S MINNEAPOLIS MN 55406	JENNIFER S LARSON TRUST	RESIDENTIAL	$453,400	114 ft
3215 24TH ST E MINNEAPOLIS MN 55406	MICHAEL GREWE/JONATHAN POPKO	RESIDENTIAL	$313,300	120 ft
3125 24TH ST E MINNEAPOLIS MN 55406	E L PETSCHE & D L HAYS ET AL	RESIDENTIAL-TWO UNIT	$456,200	140 ft
2417 32ND AVE S MINNEAPOLIS MN 55406	C MOULTON-PIRKL & A PIRKL	RESIDENTIAL	$382,000	150 ft
3217 24TH ST E MINNEAPOLIS MN 55406	J T ARCK & T M KLECZEWSKI	RESIDENTIAL	$368,100	160 ft
3121 24TH ST E MINNEAPOLIS MN 55406	J M ANDRESEN & P H SMOLKA	RESIDENTIAL	$314,300	180 ft
2412 32ND AVE S MINNEAPOLIS MN 55406	SARAH M BAUMERT	RESIDENTIAL	$320,700	186 ft

Property History

Most Recent Sale

Date202307

Price$630,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,434