3127 21ST AVE S MINNEAPOLIS MN 55407

PID: 0102824210097

Property Overview

Parcel ID0102824210097

Lot Size8,559 sq ft (0.196 ac)

Lot Dimensions (est.)171 ft wide × 50 ft deep

Year Built2022

Property ClassRESIDENTIAL-TWO UNIT

OwnerDEREK E PROWE

Assessed Value$754,800

Land Value$108,000

Building Value$646,800

Annual Tax$12,967

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 2018 · $64K total declared value · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresFeb 2021Closed

DEREK PROWE

ExistresSep 2020Closed

TEAM MECHANICAL INC

ResSep 2020Closed

Gust Plumbing Inc

ResJul 2019Closed

DEREK E PROWE

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 width40 ft

Buildable depth131 ft

Area~5,247 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 5,247 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
3133 21ST AVE S MINNEAPOLIS MN 55407	JETTIE ANN HILL	RESIDENTIAL	$329,200	45 ft
3123 21ST AVE S MINNEAPOLIS MN 55407	T P MCCOMAS & M MCCOMAS	RESIDENTIAL	$339,400	50 ft
3137 21ST AVE S MINNEAPOLIS MN 55407	NORBERT L KAPPES LIVING TR	RESIDENTIAL	$354,400	86 ft
3119 21ST AVE S MINNEAPOLIS MN 55407	KAREN J GALLES	RESIDENTIAL	$258,600	101 ft
3141 21ST AVE S MINNEAPOLIS MN 55407	JACK ALEXANDER CULOTTA	RESIDENTIAL	$287,700	127 ft
3115 21ST AVE S MINNEAPOLIS MN 55407	JOSE LUIS PATINO MONTOYA	RESIDENTIAL	$303,500	154 ft
3145 21ST AVE S MINNEAPOLIS MN 55407	DENNIS E LARSON	RESIDENTIAL	$358,000	168 ft
3132 22ND AVE S MINNEAPOLIS MN 55407	S A GOSIEWSKI & R M HEFTE	RESIDENTIAL	$327,800	187 ft
3128 22ND AVE S MINNEAPOLIS MN 55407	JESSIE WITTE	RESIDENTIAL	$334,500	192 ft
3138 22ND AVE S MINNEAPOLIS MN 55407	B C ORTIZ & K ORTIZ	RESIDENTIAL	$295,800	195 ft

Property History

Most Recent Sale

Date200812

Price$186,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,967