3208 21ST AVE S MINNEAPOLIS MN 55407

PID: 0102824230007

Property Overview

Parcel ID0102824230007

Lot Size6,244 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerJULIE & ALLEN PHIPPS REV TR

Assessed Value$294,100

Land Value$96,000

Building Value$198,100

Annual Tax$4,565

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Corcoran · Minneapolis

Median reported rent1,294/mo

Renter-occupied49.3%

Median home value$287K

Vacancy rate4.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1086

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 depth85 ft

Area~3,394 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 3,394 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3204 21ST AVE S MINNEAPOLIS MN 55407	NORBERT L KAPPES LIVING TR	RESIDENTIAL	$319,000	50 ft
3212 21ST AVE S MINNEAPOLIS MN 55407	G W PEDERSON & L K PEDERSON	RESIDENTIAL	$348,700	50 ft
3200 21ST AVE S MINNEAPOLIS MN 55407	CARRIE KONOBECK	RESIDENTIAL	$293,000	100 ft
3216 21ST AVE S MINNEAPOLIS MN 55407	ANGEL MODESTO GUAMAN	RESIDENTIAL-TWO UNIT	$456,000	100 ft
2009 32ND ST E MINNEAPOLIS MN 55407	CYRIL T DUNN & SUSAN DUNN	RESIDENTIAL	$209,000	132 ft
3209 20TH AVE S MINNEAPOLIS MN 55407	ITZEL R PEREZ DOMINGUEZ	RESIDENTIAL	$298,000	138 ft
3213 20TH AVE S MINNEAPOLIS MN 55407	MARVIN L STEWART ETAL	RESIDENTIAL	$201,200	145 ft
3220 21ST AVE S MINNEAPOLIS MN 55407	LILA AMMONS	RESIDENTIAL-TWO UNIT	$464,800	150 ft
3205 20TH AVE S MINNEAPOLIS MN 55407	DEBORAH L KITZMANN	RESIDENTIAL	$201,900	150 ft
3217 20TH AVE S MINNEAPOLIS MN 55407	GONZALEZ FAMILY TRUST	RESIDENTIAL	$174,400	162 ft

Property History

Most Recent Sale

Date198912

Price$73,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,565