3224 21ST AVE S MINNEAPOLIS MN 55407

PID: 0102824230096

Property Overview

Parcel ID0102824230096

Lot Size6,243 sq ft (0.143 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerBRENDAN IRELAND/DANA IRELAND

Assessed Value$354,800

Land Value$96,000

Building Value$258,800

Annual Tax$5,787

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

3 permits on record since 2019 · $14K total declared value · Most recent: Jun 2025 (remodel)

RemodelJun 2025Closed

$2K

Brendan Ireland

MiscApr 2024Closed

$10K

Brendan Ireland

MiscApr 2019Closed

$2K

CREW2 INC

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

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
3220 21ST AVE S MINNEAPOLIS MN 55407	LILA AMMONS	RESIDENTIAL-TWO UNIT	$464,800	50 ft
3228 21ST AVE S MINNEAPOLIS MN 55407	JANET ANN SAVAGE	RESIDENTIAL	$257,200	50 ft
3216 21ST AVE S MINNEAPOLIS MN 55407	ANGEL MODESTO GUAMAN	RESIDENTIAL-TWO UNIT	$456,000	100 ft
3234 21ST AVE S MINNEAPOLIS MN 55407	KATIE RODGERS	RESIDENTIAL	$316,100	100 ft
3229 20TH AVE S MINNEAPOLIS MN 55407	DILLON FRIED	RESIDENTIAL	$296,200	139 ft
3225 20TH AVE S MINNEAPOLIS MN 55407	GWYNETH K OLSON	RESIDENTIAL	$267,300	143 ft
3233 20TH AVE S MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$205,500	145 ft
3212 21ST AVE S MINNEAPOLIS MN 55407	G W PEDERSON & L K PEDERSON	RESIDENTIAL	$348,700	150 ft
3236 21ST AVE S MINNEAPOLIS MN 55407	W Z BURKS & R BELL	RESIDENTIAL	$308,500	150 ft
3221 20TH AVE S MINNEAPOLIS MN 55407	JAY J VANDER VOORT	RESIDENTIAL	$245,000	158 ft

Property History

Most Recent Sale

Date202010

Price$272,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,787