2420 23RD AVE S MINNEAPOLIS MN 55404

PID: 3602924240099

Property Overview

Parcel ID3602924240099

Lot Size7,669 sq ft (0.176 ac)

Lot Dimensions (est.)166 ft wide × 46 ft deep

Year Built1980

Property ClassRESIDENTIAL

OwnerANN M RISCH & GEORGE M BOODY

Assessed Value$393,600

Land Value$140,000

Building Value$253,600

Annual Tax$5,937

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 2019 · $20K total declared value · Most recent: May 2019 (misc)

MiscMay 2019Closed

$17K

CRAFTSMAN'S CHOICE INC

MiscApr 2019Closed

$2K

Ann Risch

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 width36 ft

Buildable depth127 ft

Area~724 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 724 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2424 23RD AVE S MINNEAPOLIS MN 55404	C J REGISTER & A J REGISTER	RESIDENTIAL	$393,000	47 ft
2416 23RD AVE S MINNEAPOLIS MN 55404	B BAROSKA & M WILSON	RESIDENTIAL	$266,500	49 ft
2412 23RD AVE S MINNEAPOLIS MN 55404	MICHAEL P MCDONALD REV TRUST	RESIDENTIAL	$153,000	100 ft
2408 23RD AVE S MINNEAPOLIS MN 55404	B L STOTTRUP & N E MOE	RESIDENTIAL	$375,400	130 ft
2406 23RD AVE S MINNEAPOLIS MN 55404	B E CROSS & K A CROSS	RESIDENTIAL	$355,300	184 ft
2215 24TH ST E MINNEAPOLIS MN 55404	CAROL A CARRIER & G C SALES	RESIDENTIAL	$292,400	191 ft
2211 24TH ST E MINNEAPOLIS MN 55404	NICOLE BETTERIDGE	RESIDENTIAL	$329,500	215 ft
2433 MINNEHAHA AVE MINNEAPOLIS MN 55404	DEVRIES REAL ESTATE LLC	INDUSTRIAL-PREFERRED	$997,000	230 ft
2400 23RD AVE S MINNEAPOLIS MN 55404	STEVEN DOUGLAS ERICKSON RV T	RESIDENTIAL	$226,800	232 ft
2425 MINNEHAHA AVE MINNEAPOLIS MN 55404	AT LAST PROPERTIES LLC	INDUSTRIAL-PREFERRED	$3,274,000	236 ft

Property History

Current Tax Year

Year2026

Tax Due$5,937