3244 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824230089

Property Overview

Parcel ID0102824230089

Lot Size5,170 sq ft (0.119 ac)

Lot Dimensions (est.)125 ft wide × 41 ft deep

Year Built1925

Property ClassRESIDENTIAL-TWO UNIT

OwnerBRIAN R NOY & EVA NOY

Assessed Value$447,100

Land Value$88,000

Building Value$359,100

Annual Tax$8,703

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

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth1 ft

Area~2,410 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 2,410 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3240 20TH AVE S MINNEAPOLIS MN 55407	AARON JAMES IOSBAKER	RESIDENTIAL	$335,400	47 ft
3236 20TH AVE S MINNEAPOLIS MN 55407	PETER CARL CONWAY	RESIDENTIAL	$209,700	97 ft
3245 19TH AVE S MINNEAPOLIS MN 55407	PRO OPERAM SUB I LLC	RESIDENTIAL	$282,400	139 ft
3232 20TH AVE S MINNEAPOLIS MN 55407	GEORGE ALLEN OLAND	RESIDENTIAL	$304,700	146 ft
3241 19TH AVE S MINNEAPOLIS MN 55407	LADONNA C ALMQUIST	RESIDENTIAL	$230,500	146 ft
3237 19TH AVE S MINNEAPOLIS MN 55407	HAILU T IDIE	RESIDENTIAL	$379,700	169 ft
3301 19TH AVE S MINNEAPOLIS MN 55407	MPLS PARK BOARD	VACANT LAND-RESIDENTIAL	$0	171 ft
3253 20TH AVE S MINNEAPOLIS MN 55407	DANIEL M WEXLER	TRIPLEX	$381,600	185 ft
3249 20TH AVE S MINNEAPOLIS MN 55407	L RIESGRAF & M KELLEY	RESIDENTIAL	$345,800	189 ft
3228 20TH AVE S MINNEAPOLIS MN 55407	ERIC SWANSON & ANGELA PRICE	RESIDENTIAL	$244,000	196 ft

Property History

Most Recent Sale

Date200904

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,703