2400 23RD AVE S MINNEAPOLIS MN 55404

PID: 3602924240016

Property Overview

Parcel ID3602924240016

Lot Size4,443 sq ft (0.102 ac)

Lot Dimensions (est.)127 ft wide × 35 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerSTEVEN DOUGLAS ERICKSON RV T

Assessed Value$226,800

Land Value$126,000

Building Value$100,800

Annual Tax$3,511

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

No permits found in Minneapolis open data for this parcel.

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 55404

Median sale price$306K+16.4% YoY

Median price / sqft$167/sqft

Median days to close92 days

Active listings57

Source: Redfin Data Center (Invalid Date) · Zip 55404

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 width114 ft

Buildable depth0 ft

Area~2,473 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,473 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2406 23RD AVE S MINNEAPOLIS MN 55404	B E CROSS & K A CROSS	RESIDENTIAL	$355,300	49 ft
2408 23RD AVE S MINNEAPOLIS MN 55404	B L STOTTRUP & N E MOE	RESIDENTIAL	$375,400	103 ft
2215 24TH ST E MINNEAPOLIS MN 55404	CAROL A CARRIER & G C SALES	RESIDENTIAL	$292,400	118 ft
2412 23RD AVE S MINNEAPOLIS MN 55404	MICHAEL P MCDONALD REV TRUST	RESIDENTIAL	$153,000	144 ft
2211 24TH ST E MINNEAPOLIS MN 55404	NICOLE BETTERIDGE	RESIDENTIAL	$329,500	160 ft
2301 24TH ST E MINNEAPOLIS MN 55406	DEVINE-RUGGLES LLC	RESIDENTIAL	$603,000	165 ft
2314 23RD AVE S MINNEAPOLIS MN 55404	MILWAUKEE AV TOWNHOUSE ASSOC	LOW INCOME RENTAL	$684,000	169 ft
2326 MILWAUKEE AVE MINNEAPOLIS MN 55404	STEVEN GERSHONE & ADELE HALL	TOWNHOUSE	$319,000	172 ft
2324 MILWAUKEE AVE MINNEAPOLIS MN 55404	JOHN FENSKE	TOWNHOUSE	$259,000	185 ft
2416 23RD AVE S MINNEAPOLIS MN 55404	B BAROSKA & M WILSON	RESIDENTIAL	$266,500	185 ft

Property History

Most Recent Sale

Date198608

Price$29,101

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,511