2617 24TH ST E MINNEAPOLIS MN 55406

PID: 3602924130102

Property Overview

Parcel ID3602924130102

Lot Size4,752 sq ft (0.109 ac)

Lot Dimensions (est.)39 ft wide × 121 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerN BADGER & R STALEY ET AL

Assessed Value$283,500

Land Value$131,000

Building Value$152,500

Annual Tax$4,094

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $12K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$12K

KAUFMAN SHEET METAL ROOFING INC

ExistresJul 2021Closed

SEDGWICK HEATING & AIR CONDITIONING

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 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 width28 ft

Buildable depth85 ft

Area~2,380 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 2,380 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2621 24TH ST E MINNEAPOLIS MN 55406	DAVID P MAYOU	RESIDENTIAL	$331,700	34 ft
2613 24TH ST E MINNEAPOLIS MN 55406	J J HAWTHORNE/L A HAWTHORNE	RESIDENTIAL-TWO UNIT	$395,300	43 ft
2625 24TH ST E MINNEAPOLIS MN 55406	MICHONNE N BERTRAND	RESIDENTIAL-TWO UNIT	$336,800	72 ft
2609 24TH ST E MINNEAPOLIS MN 55406	TRAM NGUYEN/KELLEN JACOBSON	RESIDENTIAL-TWO UNIT	$388,100	87 ft
2400 27TH AVE S MINNEAPOLIS MN 55406	SARA KEBEDE WORDOFA	RESIDENTIAL-TWO UNIT	$453,800	117 ft
2412 27TH AVE S MINNEAPOLIS MN 55406	D F BERG & C E BERG	RESIDENTIAL	$349,000	124 ft
2403 26TH AVE S MINNEAPOLIS MN 55406	DANIEL HANDEEN	RESIDENTIAL-TWO UNIT	$428,200	143 ft
2416 27TH AVE S MINNEAPOLIS MN 55406	MAY KO MOUA	RESIDENTIAL	$302,000	167 ft
2616 24TH ST E MINNEAPOLIS MN 55406	LADINO HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$460,100	204 ft
2413 26TH AVE S MINNEAPOLIS MN 55406	MATTHEWS PARK HOUSING CORP	LOW INCOME RENTAL	$1,229,000	207 ft

Property History

Most Recent Sale

Date201609

Price$225,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,094