3228 22ND AVE S MINNEAPOLIS MN 55407

PID: 0102824240084

Property Overview

Parcel ID0102824240084

Lot Size8,557 sq ft (0.196 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerC M SETTANNI & P A KNAPP

Assessed Value$378,000

Land Value$127,000

Building Value$251,000

Annual Tax$6,064

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

2 permits on record since 2021 · Most recent: May 2022 (res)

ResMay 2022Closed

CenterPoint Energy Resource Corp

ExistresMay 2021Closed

Hero Home Services LLC

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

Neighborhood Profile

Corcoran · 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
3232 22ND AVE S MINNEAPOLIS MN 55407	ERICK A BRANDT	RESIDENTIAL	$307,000	45 ft
3224 22ND AVE S MINNEAPOLIS MN 55407	J WIEDL & M LOWINSKE	RESIDENTIAL	$264,000	50 ft
3236 22ND AVE S MINNEAPOLIS MN 55407	CITY OF LKS COMM LND TR ETAL	—	$298,000	94 ft
3220 22ND AVE S MINNEAPOLIS MN 55407	SHAWN GOULD & AUBRIE GOULD	RESIDENTIAL	$283,000	100 ft
3216 22ND AVE S MINNEAPOLIS MN 55407	RACHEL E STEPANEK	RESIDENTIAL	$350,300	150 ft
2118 33RD ST E MINNEAPOLIS MN 55407	VINE EVANGELICAL FREE CHURCH	TRIPLEX	$0	170 ft
3244 22ND AVE S MINNEAPOLIS MN 55407	VINE EVANG FREE CHURCH	COMMERCIAL-PREFERRED	$0	177 ft
3229 21ST AVE S MINNEAPOLIS MN 55407	TRANG N RADTKE/RYAN W RADTKE	RESIDENTIAL-TWO UNIT	$486,900	187 ft
3233 21ST AVE S MINNEAPOLIS MN 55407	EMILY TORGRIMSON	RESIDENTIAL	$313,900	193 ft
3225 21ST AVE S MINNEAPOLIS MN 55407	JANE ST CLAIR	RESIDENTIAL	$354,900	194 ft

Property History

Most Recent Sale

Date199110

Price$60,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,064