3241 22ND AVE S MINNEAPOLIS MN 55407

PID: 0102824240102

Property Overview

Parcel ID0102824240102

Lot Size8,552 sq ft (0.196 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerMARY N BYE & CHERYL E SHAW

Assessed Value$374,000

Land Value$127,000

Building Value$247,000

Annual Tax$6,011

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

3 permits on record since 2019 · $12K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$12K

Alexander Home Services LLP

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResMar 2019Closed

Urban Pine Plumbing and Mechanical Inc

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~5,241 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 5,241 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
3245 22ND AVE S MINNEAPOLIS MN 55407	VAHID RABOODAN	RESIDENTIAL-TWO UNIT	$385,000	46 ft
3237 22ND AVE S MINNEAPOLIS MN 55407	KIRSTEN JENSEN TRUST	RESIDENTIAL	$390,400	50 ft
3233 22ND AVE S MINNEAPOLIS MN 55407	A C WILSON & C DIEDRICH	RESIDENTIAL	$405,400	100 ft
3229 22ND AVE S MINNEAPOLIS MN 55407	D AUBOURG & D W JONES	RESIDENTIAL-TWO UNIT	$404,200	150 ft
2209 33RD ST E MINNEAPOLIS MN 55407	S MATTISON & T MATTISON	RESIDENTIAL-TWO UNIT	$389,900	156 ft
3301 22ND AVE S MINNEAPOLIS MN 55407	NORLING LLC	RESIDENTIAL-TWO UNIT	$421,400	158 ft
3240 23RD AVE S MINNEAPOLIS MN 55407	DAVID M YAGER	RESIDENTIAL-TWO UNIT	$329,500	187 ft
3244 23RD AVE S MINNEAPOLIS MN 55407	STEVEN I OLSON	RESIDENTIAL-TWO UNIT	$354,600	192 ft
3236 23RD AVE S MINNEAPOLIS MN 55407	SAGE DAHLEN	RESIDENTIAL	$349,700	193 ft
3225 22ND AVE S MINNEAPOLIS MN 55407	A M BELLSEE & J R BELLSEE	RESIDENTIAL	$297,000	200 ft

Property History

Most Recent Sale

Date199801

Price$83,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,011