3304 21ST AVE S MINNEAPOLIS MN 55407

PID: 0102824230110

Property Overview

Parcel ID0102824230110

Lot Size6,243 sq ft (0.143 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerK A ANDERSON & K D ANDERSON

Assessed Value$458,300

Land Value$96,000

Building Value$362,300

Annual Tax$7,315

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 2017 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResMar 2022Closed

CHAMPION PLUMBING LLC

ExistresJun 2017Closed

Ray N Welter Heating Co

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
3300 21ST AVE S MINNEAPOLIS MN 55407	N J ANDERSON & T J MORTIMER	RESIDENTIAL	$371,400	50 ft
3308 21ST AVE S MINNEAPOLIS MN 55407	CESARE CASARINO	RESIDENTIAL	$361,800	50 ft
3312 21ST AVE S MINNEAPOLIS MN 55407	BARBARA L HOFFMAN	RESIDENTIAL	$357,800	100 ft
3307 20TH AVE S MINNEAPOLIS MN 55407	DONALD E EKBERG	RESIDENTIAL	$215,000	140 ft
3305 20TH AVE S MINNEAPOLIS MN 55407	AUDREY N PALLMEYER	RESIDENTIAL	$250,000	140 ft
3301 20TH AVE S MINNEAPOLIS MN 55407	3301 LLC	RESIDENTIAL-TWO UNIT	$379,000	149 ft
3316 21ST AVE S MINNEAPOLIS MN 55407	M H MCDOWALL & P G ANDERSON	RESIDENTIAL	$303,000	150 ft
3311 20TH AVE S MINNEAPOLIS MN 55407	ANNE E JOHNSON	RESIDENTIAL	$266,300	150 ft
3244 21ST AVE S MINNEAPOLIS MN 55407	ANTON LEE GREGERSEN	RESIDENTIAL	$304,000	155 ft
2101 33RD ST E MINNEAPOLIS MN 55407	OLIVIA ROSE PETERJOHN	RESIDENTIAL	$297,500	168 ft

Property History

Most Recent Sale

Date201809

Price$340,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,315