3305 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824230120

Property Overview

Parcel ID0102824230120

Lot Size4,620 sq ft (0.106 ac)

Lot Dimensions (est.)125 ft wide × 37 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerAUDREY N PALLMEYER

Assessed Value$250,000

Land Value$82,000

Building Value$168,000

Annual Tax$3,533

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 2023 · $12K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Expired

MN Plumbing & Home Services INC

MiscOct 2023Closed

$12K

SELA ROOFING AND REMODELING INC

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

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width27 ft

Buildable depth85 ft

Area~2,291 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 2,291 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3307 20TH AVE S MINNEAPOLIS MN 55407	DONALD E EKBERG	RESIDENTIAL	$215,000	37 ft
3301 20TH AVE S MINNEAPOLIS MN 55407	3301 LLC	RESIDENTIAL-TWO UNIT	$379,000	38 ft
3311 20TH AVE S MINNEAPOLIS MN 55407	ANNE E JOHNSON	RESIDENTIAL	$266,300	74 ft
3315 20TH AVE S MINNEAPOLIS MN 55407	CHRISTOPHER D WEBBER	RESIDENTIAL	$244,400	117 ft
3253 20TH AVE S MINNEAPOLIS MN 55407	DANIEL M WEXLER	TRIPLEX	$381,600	138 ft
3304 21ST AVE S MINNEAPOLIS MN 55407	K A ANDERSON & K D ANDERSON	RESIDENTIAL	$458,300	140 ft
3300 21ST AVE S MINNEAPOLIS MN 55407	N J ANDERSON & T J MORTIMER	RESIDENTIAL	$371,400	142 ft
3308 21ST AVE S MINNEAPOLIS MN 55407	CESARE CASARINO	RESIDENTIAL	$361,800	154 ft
3317 20TH AVE S MINNEAPOLIS MN 55407	A V RUGAMBWA & J H WADE	RESIDENTIAL	$265,700	167 ft
3249 20TH AVE S MINNEAPOLIS MN 55407	L RIESGRAF & M KELLEY	RESIDENTIAL	$345,800	179 ft

Property History

Most Recent Sale

Date202510

Price$307,600

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,533