3137 21ST AVE S MINNEAPOLIS MN 55407

PID: 0102824210095

Property Overview

Parcel ID0102824210095

Lot Size7,018 sq ft (0.161 ac)

Lot Dimensions (est.)171 ft wide × 41 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerNORBERT L KAPPES LIVING TR

Assessed Value$354,400

Land Value$99,000

Building Value$255,400

Annual Tax$5,600

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 2023 · Most recent: Apr 2026 (res)

ResApr 2026Closed

Affinity Plumbing LLC

ResJan 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Corcoran · Minneapolis

Median reported rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 depth131 ft

Area~4,066 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 4,066 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3141 21ST AVE S MINNEAPOLIS MN 55407	JACK ALEXANDER CULOTTA	RESIDENTIAL	$287,700	41 ft
3133 21ST AVE S MINNEAPOLIS MN 55407	JETTIE ANN HILL	RESIDENTIAL	$329,200	41 ft
3145 21ST AVE S MINNEAPOLIS MN 55407	DENNIS E LARSON	RESIDENTIAL	$358,000	82 ft
3127 21ST AVE S MINNEAPOLIS MN 55407	DEREK E PROWE	RESIDENTIAL-TWO UNIT	$754,800	86 ft
3149 21ST AVE S MINNEAPOLIS MN 55407	TRENTON VOLTIN	RESIDENTIAL	$444,000	123 ft
3123 21ST AVE S MINNEAPOLIS MN 55407	T P MCCOMAS & M MCCOMAS	RESIDENTIAL	$339,400	136 ft
3153 21ST AVE S MINNEAPOLIS MN 55407	JACQUELINE L GILMAN	RESIDENTIAL	$226,800	162 ft
2116 32ND ST E MINNEAPOLIS MN 55407	LENG B WONG & GLORIA Y WONG	RESIDENTIAL	$210,000	179 ft
3119 21ST AVE S MINNEAPOLIS MN 55407	KAREN J GALLES	RESIDENTIAL	$258,600	187 ft
3138 22ND AVE S MINNEAPOLIS MN 55407	B C ORTIZ & K ORTIZ	RESIDENTIAL	$295,800	189 ft

Property History

Most Recent Sale

Date198512

Price$70,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,600