2408 24TH AVE S MINNEAPOLIS MN 55406

PID: 3602924240073

Property Overview

Parcel ID3602924240073

Lot Size6,412 sq ft (0.147 ac)

Lot Dimensions (est.)158 ft wide × 41 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerC E M BURKE & C Q BURKE

Assessed Value$407,100

Land Value$150,000

Building Value$257,100

Annual Tax$6,163

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

9 permits on record since 2016 · $93K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$5K

SELA ROOFING AND REMODELING INC

RemodelFeb 2022Closed

$6K

ALL ENERGY SOLAR INC

MiscApr 2019Closed

$2K

CREW2 INC

MiscAug 2017Closed

$7K

THE KINGDOM BUILDERS

RemodelApr 2017Closed

$2K

WELTER CONSTRUCTION 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 width31 ft

Buildable depth116 ft

Area~3,609 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 3,609 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2412 24TH AVE S MINNEAPOLIS MN 55406	WELLS BOVARD	TRIPLEX	$427,300	41 ft
2404 24TH AVE S MINNEAPOLIS MN 55406	BLAINE GARRETT	RESIDENTIAL	$417,700	52 ft
2414 24TH AVE S MINNEAPOLIS MN 55406	APRIL NELSON & AMANDA NELSON	RESIDENTIAL-TWO UNIT	$364,600	81 ft
2313 24TH ST E MINNEAPOLIS MN 55406	B Y ARCAND & A M TROSCHINETZ	RESIDENTIAL	$261,100	96 ft
2400 24TH AVE S MINNEAPOLIS MN 55406	DANIEL SLOTMAN/AMELIA ODENS	RESIDENTIAL	$338,000	106 ft
2418 24TH AVE S MINNEAPOLIS MN 55406	MICHAEL V NOYCE	RESIDENTIAL-TWO UNIT	$439,600	124 ft
2309 24TH ST E MINNEAPOLIS MN 55406	LOGAN CAMILLI	RESIDENTIAL	$299,900	150 ft
2409 23RD AVE S MINNEAPOLIS MN 55404	MARY ELMSTRAND	RESIDENTIAL-TWO UNIT	$392,300	173 ft
2411 23RD AVE S MINNEAPOLIS MN 55404	KATHARINE A WOODMAN-MAYNARD	RESIDENTIAL-TWO UNIT	$373,600	175 ft
2415 23RD AVE S MINNEAPOLIS MN 55404	H GRIEBEL & J VASILAKES	RESIDENTIAL	$347,900	186 ft

Property History

Most Recent Sale

Date202009

Price$411,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,163