2440 24TH ST W MINNEAPOLIS MN 55405

PID: 3202924110095

Property Overview

Parcel ID3202924110095

Lot Size6,900 sq ft (0.158 ac)

Lot Dimensions (est.)46 ft wide × 150 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerE V LARSSON & K L RIEDESEL

Assessed Value$838,100

Land Value$445,000

Building Value$393,100

Annual Tax$14,106

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $74K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

CenterPoint Energy Resource Corp

MiscAug 2024Closed

$15K

ALLSTAR CONSTRUCTION COMMERCIAL LLC

MiscJun 2024Closed

$58K

ALLSTAR CONSTRUCTION COMMERCIAL LLC

ResApr 2024Expired

Urban Pine Plumbing and Mechanical Inc

MiscJul 2019Closed

$1K

THE HOME DEPOT

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

Neighborhood Profile

Kenwood · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width36 ft

Buildable depth110 ft

Area~3,960 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 3,960 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2444 24TH ST W MINNEAPOLIS MN 55405	KIRSTIN A ANDERSON TR AGRMT	RESIDENTIAL	$1,212,000	47 ft
2436 24TH ST W MINNEAPOLIS MN 55405	MARK HARRIS & MARCIA HARRIS	RESIDENTIAL	$945,300	48 ft
2450 24TH ST W MINNEAPOLIS MN 55405	BRENT DENNIS ANDERSEN	RESIDENTIAL	$816,400	96 ft
2432 24TH ST W MINNEAPOLIS MN 55405	JULIA ALLEN	RESIDENTIAL	$982,900	97 ft
2428 24TH ST W MINNEAPOLIS MN 55405	M T SHAY & K KASTBERG-SHAY	RESIDENTIAL	$1,189,200	145 ft
2431 22ND ST W MINNEAPOLIS MN 55405	PREM KUMAR & JAVANTY KUMAR	RESIDENTIAL	$1,914,700	161 ft
2400 RUSSELL AVE S MINNEAPOLIS MN 55405	M F LAGOS/A B LAGOS RV LV TR	RESIDENTIAL	$1,076,100	161 ft
2454 24TH ST W MINNEAPOLIS MN 55405	C L FLINK & E P FLINK	RESIDENTIAL	$459,700	161 ft
2433 22ND ST W MINNEAPOLIS MN 55405	B S NIJHUIS & G E ROBILLARD	RESIDENTIAL-TWO UNIT	$786,200	163 ft
2427 22ND ST W MINNEAPOLIS MN 55405	MARIAN S MOORE TRUST	RESIDENTIAL	$848,200	183 ft

Property History

Most Recent Sale

Date200704

Price$690,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,106