3119 21ST AVE S MINNEAPOLIS MN 55407

PID: 0102824210099

Property Overview

Parcel ID0102824210099

Lot Size8,902 sq ft (0.204 ac)

Lot Dimensions (est.)171 ft wide × 52 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerKAREN J GALLES

Assessed Value$258,600

Land Value$110,000

Building Value$148,600

Annual Tax$4,080

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 · $23K total declared value · Most recent: Mar 2025 (misc)

MiscMar 2025Closed

$23K

KAUFMAN SHEET METAL ROOFING INC

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width42 ft

Buildable depth131 ft

Area~5,509 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 3-story wood frame (5–12 units) benchmarks for 5,509 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
3123 21ST AVE S MINNEAPOLIS MN 55407	T P MCCOMAS & M MCCOMAS	RESIDENTIAL	$339,400	51 ft
3115 21ST AVE S MINNEAPOLIS MN 55407	JOSE LUIS PATINO MONTOYA	RESIDENTIAL	$303,500	53 ft
3127 21ST AVE S MINNEAPOLIS MN 55407	DEREK E PROWE	RESIDENTIAL-TWO UNIT	$754,800	101 ft
3109 21ST AVE S MINNEAPOLIS MN 55407	MALINDA W HOLTE	RESIDENTIAL	$326,100	101 ft
3133 21ST AVE S MINNEAPOLIS MN 55407	JETTIE ANN HILL	RESIDENTIAL	$329,200	146 ft
3105 21ST AVE S MINNEAPOLIS MN 55407	SAMUEL JOHN DUNN	APARTMENT	$414,000	147 ft
2115 31ST ST E MINNEAPOLIS MN 55407	P E RING & L L KILZER	RESIDENTIAL	$244,700	183 ft
3122 22ND AVE S MINNEAPOLIS MN 55407	CIELO SIN LIMS-SKY W/O LIMS	APARTMENT	$709,000	187 ft
3137 21ST AVE S MINNEAPOLIS MN 55407	NORBERT L KAPPES LIVING TR	RESIDENTIAL	$354,400	187 ft
3116 22ND AVE S MINNEAPOLIS MN 55407	CIELO SIN LIMS-SKY W/O LIMS	APARTMENT	$930,000	191 ft

Property History

Most Recent Sale

Date201504

Price$162,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,080