3121 24TH ST E MINNEAPOLIS MN 55406

PID: 3102923230032

Property Overview

Parcel ID3102923230032

Lot Size5,379 sq ft (0.123 ac)

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

Year Built1906

Property ClassRESIDENTIAL

OwnerJ M ANDRESEN & P H SMOLKA

Assessed Value$314,300

Land Value$156,000

Building Value$158,300

Annual Tax$4,609

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2023 · $30K total declared value · Most recent: Mar 2026 (res)

ResMar 2026Inspection

Norblom Plumbing Co

ExistresJan 2026Closed

Standard Heating and Air Conditioning Inc

RemodelOct 2024Closed

$6K

Mad City Windows & Bath

ResOct 2024Expired

Mad City Windows & Bath

ResMar 2024Expired

Tundraland Home Improvements

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~2,833 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 2,833 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
3125 24TH ST E MINNEAPOLIS MN 55406	E L PETSCHE & D L HAYS ET AL	RESIDENTIAL-TWO UNIT	$456,200	40 ft
3117 24TH ST E MINNEAPOLIS MN 55406	GINA HERRING	RESIDENTIAL	$369,000	40 ft
2400 32ND AVE S MINNEAPOLIS MN 55406	A HART/E M HART/J J HART	RESIDENTIAL-TWO UNIT	$415,200	80 ft
3113 24TH ST E MINNEAPOLIS MN 55406	D H THOMPSON & A A THOMPSON	RESIDENTIAL	$351,600	80 ft
2412 32ND AVE S MINNEAPOLIS MN 55406	SARAH M BAUMERT	RESIDENTIAL	$320,700	104 ft
3109 24TH ST E MINNEAPOLIS MN 55406	ALPHA COMMERCE LLC	RESIDENTIAL	$292,600	120 ft
2416 32ND AVE S MINNEAPOLIS MN 55406	KENDRA M FLEMING	RESIDENTIAL	$297,900	143 ft
3105 24TH ST E MINNEAPOLIS MN 55406	DEAN R DOWDY	RESIDENTIAL	$273,400	160 ft
2413 31ST AVE S MINNEAPOLIS MN 55406	RENEE J GREGORY	RESIDENTIAL	$358,700	178 ft
3201 24TH ST E MINNEAPOLIS MN 55406	FAY C SIMER & KURT SIMER	RESIDENTIAL	$641,800	180 ft

Property History

Most Recent Sale

Date199308

Price$87,400

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,609