2921 24TH ST E MINNEAPOLIS MN 55406

PID: 3602924140033

Property Overview

Parcel ID3602924140033

Lot Size3,850 sq ft (0.088 ac)

Lot Dimensions (est.)41 ft wide × 94 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerERIK R MEGOW & JULIE MEGOW

Assessed Value$290,700

Land Value$116,000

Building Value$174,700

Annual Tax$4,214

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $12K total declared value · Most recent: Jun 2020 (existres)

ExistresJun 2020Closed

UPTOWN PLUMBING HEATING AND COOLING

ResDec 2019Closed

ST PAUL PLUMBING AND HEATING CO INC

MiscNov 2019Closed

$5K

HOFFMAN WEBER CONSTRUCTION INC

MiscFeb 2019Closed

$2K

CREW2 INC

MiscJun 2018Closed

$5K

SNAP CONSTRUCTION INC

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 width30 ft

Buildable depth56 ft

Area~1,688 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 1,688 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2917 24TH ST E MINNEAPOLIS MN 55406	B M M PAGUYO & J R PAGUYO	RESIDENTIAL	$229,500	39 ft
2925 24TH ST E MINNEAPOLIS MN 55406	LEWIS H SIMPLER	RESIDENTIAL	$291,200	40 ft
2408 30TH AVE S MINNEAPOLIS MN 55406	HELEN SCHMIDT	RESIDENTIAL	$228,100	63 ft
2931 24TH ST E MINNEAPOLIS MN 55406	LAWRENCE W HANDSUCH ET AL	RESIDENTIAL	$196,000	79 ft
2410 30TH AVE S MINNEAPOLIS MN 55406	LYNN SHAFER & STEVEN COBBS	RESIDENTIAL	$289,600	87 ft
2412 30TH AVE S MINNEAPOLIS MN 55406	S REINERT & H REINERT	RESIDENTIAL	$434,200	122 ft
2901 24TH ST E MINNEAPOLIS MN 55406	RICHARD H WESTBY ETAL	RESIDENTIAL	$336,000	154 ft
2405 29TH AVE S MINNEAPOLIS MN 55406	CRAIG FALON & MARY DELANDER	RESIDENTIAL	$391,200	155 ft
2418 30TH AVE S MINNEAPOLIS MN 55406	ALICIA KRUEGER	RESIDENTIAL	$398,800	169 ft
2409 29TH AVE S MINNEAPOLIS MN 55406	TRUST ENTERPRISES LLC	APARTMENT	$551,000	170 ft

Property History

Most Recent Sale

Date201609

Price$275,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,214