3216 22ND AVE S MINNEAPOLIS MN 55407

PID: 0102824240074

Property Overview

Parcel ID0102824240074

Lot Size8,557 sq ft (0.196 ac)

Lot Dimensions (est.)171 ft wide × 50 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerRACHEL E STEPANEK

Assessed Value$350,300

Land Value$127,000

Building Value$223,300

Annual Tax$5,600

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width40 ft

Buildable depth131 ft

Area~5,245 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 5,245 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
3212 22ND AVE S MINNEAPOLIS MN 55407	AMY KENDIG & ZACHARY MOORE	RESIDENTIAL	$473,000	50 ft
3220 22ND AVE S MINNEAPOLIS MN 55407	SHAWN GOULD & AUBRIE GOULD	RESIDENTIAL	$283,000	50 ft
3208 22ND AVE S MINNEAPOLIS MN 55407	M A FREY & P L KASPER	RESIDENTIAL-TWO UNIT	$407,300	100 ft
3224 22ND AVE S MINNEAPOLIS MN 55407	J WIEDL & M LOWINSKE	RESIDENTIAL	$264,000	100 ft
3204 22ND AVE S MINNEAPOLIS MN 55407	JENNIFER J UNDIS	RESIDENTIAL	$355,000	150 ft
3228 22ND AVE S MINNEAPOLIS MN 55407	C M SETTANNI & P A KNAPP	RESIDENTIAL	$378,000	150 ft
3217 21ST AVE S MINNEAPOLIS MN 55407	MICHELLE KAY GRAHAM JOHNSON	RESIDENTIAL	$236,800	187 ft
3215 21ST AVE S MINNEAPOLIS MN 55407	STARFISH 3215 21ST AVE S LLC	APARTMENT	$1,192,000	192 ft
3221 21ST AVE S MINNEAPOLIS MN 55407	A CALLAIS & E SCOTT	RESIDENTIAL	$380,300	193 ft
3232 22ND AVE S MINNEAPOLIS MN 55407	ERICK A BRANDT	RESIDENTIAL	$307,000	195 ft

Property History

Current Tax Year

Year2026

Tax Due$5,600