3223 22ND AVE S MINNEAPOLIS MN 55407

PID: 0102824240061

Property Overview

Parcel ID0102824240061

Lot Size6,842 sq ft (0.157 ac)

Lot Dimensions (est.)171 ft wide × 40 ft deep

Year Built2015

Property ClassRESIDENTIAL

OwnerAMY K POWERS

Assessed Value$454,000

Land Value$117,000

Building Value$337,000

Annual Tax$7,259

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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 rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

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 depth131 ft

Area~3,931 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 3,931 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
3219 22ND AVE S MINNEAPOLIS MN 55407	RYAN NORDNESS	RESIDENTIAL	$197,000	40 ft
3225 22ND AVE S MINNEAPOLIS MN 55407	A M BELLSEE & J R BELLSEE	RESIDENTIAL	$297,000	45 ft
3215 22ND AVE S MINNEAPOLIS MN 55407	J A WYNSTEKER/G A WYNSTEKER	RESIDENTIAL	$299,600	81 ft
3229 22ND AVE S MINNEAPOLIS MN 55407	D AUBOURG & D W JONES	RESIDENTIAL-TWO UNIT	$404,200	95 ft
3211 22ND AVE S MINNEAPOLIS MN 55407	22ND AVENUE SOUTH TRUST	RESIDENTIAL-TWO UNIT	$496,000	124 ft
3233 22ND AVE S MINNEAPOLIS MN 55407	A C WILSON & C DIEDRICH	RESIDENTIAL	$405,400	145 ft
3207 22ND AVE S MINNEAPOLIS MN 55407	JOHN L WAGNER	APARTMENT	$470,000	168 ft
3220 23RD AVE S MINNEAPOLIS MN 55407	MIGUEL LLAPA & ROSA N LLAPA	RESIDENTIAL-TWO UNIT	$356,100	187 ft
3224 23RD AVE S MINNEAPOLIS MN 55407	SAMUEL WILBUR/MADELINE ESTES	RESIDENTIAL	$332,900	192 ft
3216 23RD AVE S MINNEAPOLIS MN 55407	WILLIAM HENRY ELLIS II	RESIDENTIAL	$261,000	195 ft

Property History

Most Recent Sale

Date201406

Price$226,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,259