3312 22ND AVE S MINNEAPOLIS MN 55407

PID: 0102824240125

Property Overview

Parcel ID0102824240125

Lot Size10,267 sq ft (0.236 ac)

Lot Dimensions (est.)171 ft wide × 60 ft deep

Year Built1964

Property ClassAPARTMENT

OwnerELAINE HUMMEL ANDERSON RV TR

Assessed Value$411,000

Land Value$165,100

Building Value$245,900

Annual Tax$8,276

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 width50 ft

Buildable depth131 ft

Area~6,555 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 6,555 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
3318 22ND AVE S MINNEAPOLIS MN 55407	V G MCCANNELL-UNGER ET AL	RESIDENTIAL	$394,300	53 ft
3308 22ND AVE S MINNEAPOLIS MN 55407	S A LARSON & S H LARSON	RESIDENTIAL-TWO UNIT	$352,400	55 ft
3320 22ND AVE S MINNEAPOLIS MN 55407	LISA A GERRING	RESIDENTIAL	$311,000	97 ft
3304 22ND AVE S MINNEAPOLIS MN 55407	A L KURHAJEC/A L LIVINGSTON	RESIDENTIAL	$359,200	110 ft
2119 33RD ST E MINNEAPOLIS MN 55407	R P KURTZ & D T KURTZ	RESIDENTIAL	$226,800	135 ft
3324 22ND AVE S MINNEAPOLIS MN 55407	JESSICA MON YI FUNG	RESIDENTIAL-TWO UNIT	$488,000	145 ft
2117 33RD ST E MINNEAPOLIS MN 55407	SARAH LYNN MORRISON	RESIDENTIAL	$354,400	148 ft
3300 22ND AVE S MINNEAPOLIS MN 55407	SARAH F & MORGAN DANIEL	RESIDENTIAL-TWO UNIT	$460,500	158 ft
2111 33RD ST E MINNEAPOLIS MN 55407	JULIANA WHITE	RESIDENTIAL	$295,300	186 ft
3315 21ST AVE S MINNEAPOLIS MN 55407	PHILLIP L WILLIAMS	RESIDENTIAL	$295,000	187 ft

Property History

Current Tax Year

Year2026

Tax Due$8,276