3229 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824230108

Property Overview

Parcel ID0102824230108

Lot Size4,995 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerDILLON FRIED

Assessed Value$296,200

Land Value$87,000

Building Value$209,200

Annual Tax$4,822

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

2 permits on record since 2022 · $8K total declared value · Most recent: May 2023 (misc)

MiscMay 2023Expired

$8K

NORTH END CONTRACTING LLC

ResMay 2022Closed

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 rent1,294/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 width30 ft

Buildable depth85 ft

Area~2,546 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 2,546 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3225 20TH AVE S MINNEAPOLIS MN 55407	GWYNETH K OLSON	RESIDENTIAL	$267,300	40 ft
3233 20TH AVE S MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$205,500	40 ft
3221 20TH AVE S MINNEAPOLIS MN 55407	JAY J VANDER VOORT	RESIDENTIAL	$245,000	80 ft
3237 20TH AVE S MINNEAPOLIS MN 55407	MICHAEL H ROWE	RESIDENTIAL	$306,800	80 ft
3217 20TH AVE S MINNEAPOLIS MN 55407	GONZALEZ FAMILY TRUST	RESIDENTIAL	$174,400	120 ft
3241 20TH AVE S MINNEAPOLIS MN 55407	KARINA J A CAPESTANY	RESIDENTIAL	$216,000	120 ft
3224 21ST AVE S MINNEAPOLIS MN 55407	BRENDAN IRELAND/DANA IRELAND	RESIDENTIAL	$354,800	139 ft
3228 21ST AVE S MINNEAPOLIS MN 55407	JANET ANN SAVAGE	RESIDENTIAL	$257,200	146 ft
3220 21ST AVE S MINNEAPOLIS MN 55407	LILA AMMONS	RESIDENTIAL-TWO UNIT	$464,800	149 ft
3213 20TH AVE S MINNEAPOLIS MN 55407	MARVIN L STEWART ETAL	RESIDENTIAL	$201,200	160 ft

Property History

Most Recent Sale

Date201503

Price$210,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,822