2456 24TH ST W MINNEAPOLIS MN 55405

PID: 3202924110100

Property Overview

Parcel ID3202924110100

Lot Size4,847 sq ft (0.111 ac)

Lot Dimensions (est.)64 ft wide × 76 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerDAVID G SCHAENZER ET AL JT T

Assessed Value$831,900

Land Value$311,000

Building Value$520,900

Annual Tax$13,990

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $74K total declared value · Most recent: Jun 2024 (res)

ResJun 2024Closed

Piperight Plumbing Inc

RemodelJun 2024Closed

$55K

DIAMOND K CONSTRUCTION INC

MiscSep 2023Closed

$13K

TODAYS EXTERIORS INC

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresJun 2022Closed

BOEHM HEATING

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 width32 ft

Buildable depth75 ft

Area~2,402 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 2,402 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
2460 24TH ST W MINNEAPOLIS MN 55405	KATHLEEN M GRAHAM	RESIDENTIAL	$797,600	41 ft
2454 24TH ST W MINNEAPOLIS MN 55405	C L FLINK & E P FLINK	RESIDENTIAL	$459,700	42 ft
2215 SHERIDAN AVE S MINNEAPOLIS MN 55405	M LALLY & WM GAMBUCCI	RESIDENTIAL	$707,400	80 ft
2450 24TH ST W MINNEAPOLIS MN 55405	BRENT DENNIS ANDERSEN	RESIDENTIAL	$816,400	105 ft
2209 SHERIDAN AVE S MINNEAPOLIS MN 55405	J R HOFFMANN & M V HOFFMANN	RESIDENTIAL	$769,900	126 ft
2444 24TH ST W MINNEAPOLIS MN 55405	KIRSTIN A ANDERSON TR AGRMT	RESIDENTIAL	$1,212,000	155 ft
2400 SHERIDAN AVE S MINNEAPOLIS MN 55405	ERICA GATHJE/ERIC JORGENSEN	RESIDENTIAL	$860,200	164 ft
2401 SHERIDAN AVE S MINNEAPOLIS MN 55405	E M THOMPSON & J H HERUTH	RESIDENTIAL-TWO UNIT	$874,000	170 ft
2207 SHERIDAN AVE S MINNEAPOLIS MN 55405	D C RAND & P L WALMAN	RESIDENTIAL	$769,300	173 ft
2224 SHERIDAN AVE S MINNEAPOLIS MN 55405	M C ALLEN & S M VERNON	RESIDENTIAL	$878,100	196 ft

Property History

Most Recent Sale

Date200108

Price$536,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,990