2900 24TH ST E MINNEAPOLIS MN 55406

PID: 3602924110094

Property Overview

Parcel ID3602924110094

Lot Size6,171 sq ft (0.142 ac)

Lot Dimensions (est.)52 ft wide × 120 ft deep

Year Built1916

Property ClassRESIDENTIAL-TWO UNIT

OwnerC L M WITTE & W P CAVERT

Assessed Value$489,300

Land Value$150,000

Building Value$339,300

Annual Tax$7,540

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · $3K total declared value · Most recent: Jul 2020 (misc)

MiscJul 2020Closed

$3K

KAUFMAN SHEET METAL ROOFING INC

ResJan 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

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 width39 ft

Buildable depth80 ft

Area~3,082 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 3,082 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
2904 24TH ST E MINNEAPOLIS MN 55406	SARAH P PEACOCK	RESIDENTIAL	$366,300	45 ft
2908 24TH ST E MINNEAPOLIS MN 55406	JSW PROPERTIES LLC	RESIDENTIAL	$232,000	85 ft
2319 29TH AVE S MINNEAPOLIS MN 55406	S STANLEY & N BENNETT	RESIDENTIAL-TWO UNIT	$463,600	110 ft
2912 24TH ST E MINNEAPOLIS MN 55406	S D & C H CLEMENS	RESIDENTIAL	$317,000	125 ft
2315 29TH AVE S MINNEAPOLIS MN 55406	E A ROCK/H C LAFAVE ET AL	RESIDENTIAL	$289,500	146 ft
2916 24TH ST E MINNEAPOLIS MN 55406	CASEY MOCK & ABIGAIL MOCK	RESIDENTIAL	$344,700	165 ft
2901 24TH ST E MINNEAPOLIS MN 55406	RICHARD H WESTBY ETAL	RESIDENTIAL	$336,000	173 ft
2309 29TH AVE S MINNEAPOLIS MN 55406	ERIC K WALSH & KATIE A FRITZ	RESIDENTIAL	$288,900	184 ft
2920 24TH ST E MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	205 ft
2405 29TH AVE S MINNEAPOLIS MN 55406	CRAIG FALON & MARY DELANDER	RESIDENTIAL	$391,200	219 ft

Property History

Most Recent Sale

Date202103

Price$142,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,540