2305 24TH ST E MINNEAPOLIS MN 55406

PID: 3602924240014

Property Overview

Parcel ID3602924240014

Lot Size2,932 sq ft (0.067 ac)

Lot Dimensions (est.)30 ft wide × 97 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerZ A SZYMAN & A G SZYMAN

Assessed Value$281,500

Land Value$101,000

Building Value$180,500

Annual Tax$4,060

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2020 · $20K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Expired

$20K

TIMBERLAND EXTERIORS INC

ExistresNov 2020Closed

Midland HVAC 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 depth58 ft

Area~1,155 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 1,155 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
2307 24TH ST E MINNEAPOLIS MN 55406	HANAH BERHANE	RESIDENTIAL	$230,800	30 ft
2301 24TH ST E MINNEAPOLIS MN 55406	DEVINE-RUGGLES LLC	RESIDENTIAL	$603,000	34 ft
2309 24TH ST E MINNEAPOLIS MN 55406	LOGAN CAMILLI	RESIDENTIAL	$299,900	74 ft
2409 23RD AVE S MINNEAPOLIS MN 55404	MARY ELMSTRAND	RESIDENTIAL-TWO UNIT	$392,300	81 ft
2411 23RD AVE S MINNEAPOLIS MN 55404	KATHARINE A WOODMAN-MAYNARD	RESIDENTIAL-TWO UNIT	$373,600	115 ft
2313 24TH ST E MINNEAPOLIS MN 55406	B Y ARCAND & A M TROSCHINETZ	RESIDENTIAL	$261,100	140 ft
2415 23RD AVE S MINNEAPOLIS MN 55404	H GRIEBEL & J VASILAKES	RESIDENTIAL	$347,900	156 ft
2306 24TH ST E MINNEAPOLIS MN 55406	MILWAUKEE AV TOWNHOUSE ASSOC	LOW INCOME RENTAL	$671,000	183 ft
2417 23RD AVE S MINNEAPOLIS MN 55404	HILARY PHILIPPS	RESIDENTIAL	$324,000	191 ft
2406 23RD AVE S MINNEAPOLIS MN 55404	B E CROSS & K A CROSS	RESIDENTIAL	$355,300	198 ft

Property History

Most Recent Sale

Date202207

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,060