2406 23RD AVE S MINNEAPOLIS MN 55404

PID: 3602924240086

Property Overview

Parcel ID3602924240086

Lot Size7,838 sq ft (0.180 ac)

Lot Dimensions (est.)127 ft wide × 62 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerB E CROSS & K A CROSS

Assessed Value$355,300

Land Value$163,000

Building Value$192,300

Annual Tax$6,949

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

1 permit on record since 2001 · $205K total declared value · Most recent: Sep 2001 (building re-inspection)

Building Re-inspectionSep 2001

$205K

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width48 ft

Buildable depth95 ft

Area~4,407 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 4,407 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2400 23RD AVE S MINNEAPOLIS MN 55404	STEVEN DOUGLAS ERICKSON RV T	RESIDENTIAL	$226,800	49 ft
2408 23RD AVE S MINNEAPOLIS MN 55404	B L STOTTRUP & N E MOE	RESIDENTIAL	$375,400	54 ft
2412 23RD AVE S MINNEAPOLIS MN 55404	MICHAEL P MCDONALD REV TRUST	RESIDENTIAL	$153,000	97 ft
2215 24TH ST E MINNEAPOLIS MN 55404	CAROL A CARRIER & G C SALES	RESIDENTIAL	$292,400	101 ft
2416 23RD AVE S MINNEAPOLIS MN 55404	B BAROSKA & M WILSON	RESIDENTIAL	$266,500	136 ft
2211 24TH ST E MINNEAPOLIS MN 55404	NICOLE BETTERIDGE	RESIDENTIAL	$329,500	148 ft
2301 24TH ST E MINNEAPOLIS MN 55406	DEVINE-RUGGLES LLC	RESIDENTIAL	$603,000	164 ft
2420 23RD AVE S MINNEAPOLIS MN 55404	ANN M RISCH & GEORGE M BOODY	RESIDENTIAL	$393,600	184 ft
2305 24TH ST E MINNEAPOLIS MN 55406	Z A SZYMAN & A G SZYMAN	RESIDENTIAL	$281,500	198 ft
2326 MILWAUKEE AVE MINNEAPOLIS MN 55404	STEVEN GERSHONE & ADELE HALL	TOWNHOUSE	$319,000	209 ft

Property History

Most Recent Sale

Date198904

Price$53,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,949