3005 24TH ST E MINNEAPOLIS MN 55406

PID: 3602924140030

Property Overview

Parcel ID3602924140030

Lot Size2,886 sq ft (0.066 ac)

Lot Dimensions (est.)31 ft wide × 94 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerFAITH B B LU & VINCENT T LU

Assessed Value$246,300

Land Value$109,000

Building Value$137,300

Annual Tax$3,470

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $17K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Final Inspection

Warners Stellian Co Inc

MiscJul 2024Closed

$16K

ALL ELEMENTS INC

ExistresDec 2021Closed

Airic's Heating & Air Conditioning Inc

ResNov 2018Closed

Weld and Sons Plumbing Inc

MiscAug 2018Closed

$1K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

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 width20 ft

Buildable depth56 ft

Area~1,124 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 sfr / adu benchmarks for 1,124 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3007 24TH ST E MINNEAPOLIS MN 55406	A L PENNINGS & N J BARTLET	RESIDENTIAL	$227,200	30 ft
3003 24TH ST E MINNEAPOLIS MN 55406	PRO OPERAM SUB III LLC	RESIDENTIAL	$221,300	30 ft
3001 24TH ST E MINNEAPOLIS MN 55406	MARILYN J KRAUSE	RESIDENTIAL-TWO UNIT	$400,900	62 ft
2409 30TH AVE S MINNEAPOLIS MN 55406	SARITA P WOODS	RESIDENTIAL-TWO UNIT	$377,800	74 ft
2413 30TH AVE S MINNEAPOLIS MN 55406	BARBARA K JONES	RESIDENTIAL-TWO UNIT	$453,000	122 ft
2404 31ST AVE S MINNEAPOLIS MN 55406	N VAUGHN/E FETHERSTON ETAL	TRIPLEX	$558,300	124 ft
3017 24TH ST E MINNEAPOLIS MN 55406	JOHN D COLLINS	RESIDENTIAL-TWO UNIT	$515,200	125 ft
2408 31ST AVE S MINNEAPOLIS MN 55406	T YAMADA & R YAMADA	RESIDENTIAL	$418,000	141 ft
2331 30TH AVE S MINNEAPOLIS MN 55406	SUSAN R SHURSON	RESIDENTIAL	$280,700	149 ft
2417 30TH AVE S MINNEAPOLIS MN 55406	AUDRA DUNIVAN & RORY CAHILL	RESIDENTIAL	$457,100	169 ft

Property History

Most Recent Sale

Date202112

Price$279,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,470