3328 22ND AVE S MINNEAPOLIS MN 55407

PID: 0102824240137

Property Overview

Parcel ID0102824240137

Lot Size8,555 sq ft (0.196 ac)

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

Year Built1918

Property ClassRESIDENTIAL-TWO UNIT

OwnerJANET M STRAND

Assessed Value$498,800

Land Value$127,000

Building Value$371,800

Annual Tax$8,101

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $69K total declared value · Most recent: Aug 2023 (res)

ResAug 2023Closed

Appliance Connections INC

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscJan 2022Closed

$3K

Minnesota Rusco Inc

AccessoryOct 2021Closed

$23K

Minneapolis Garage Builders, LLC

MiscJul 2021Closed

$4K

Minnesota Rusco 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~5,244 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 5,244 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
3324 22ND AVE S MINNEAPOLIS MN 55407	JESSICA MON YI FUNG	RESIDENTIAL-TWO UNIT	$488,000	50 ft
3332 22ND AVE S MINNEAPOLIS MN 55407	LYNN ANN RICHARDSON DOYLE	RESIDENTIAL-TWO UNIT	$468,300	55 ft
3320 22ND AVE S MINNEAPOLIS MN 55407	LISA A GERRING	RESIDENTIAL	$311,000	97 ft
3336 22ND AVE S MINNEAPOLIS MN 55407	S O WEISE/ANDERS J ERICKSON	RESIDENTIAL	$353,200	111 ft
3318 22ND AVE S MINNEAPOLIS MN 55407	V G MCCANNELL-UNGER ET AL	RESIDENTIAL	$394,300	142 ft
2108 34TH ST E MINNEAPOLIS MN 55407	NATHANIEL PHILLIPS	LOW INCOME RENTAL	$336,300	185 ft
3329 21ST AVE S MINNEAPOLIS MN 55407	TOVE NIKOL BORGENDALE	RESIDENTIAL-TWO UNIT	$444,800	187 ft
3327 21ST AVE S MINNEAPOLIS MN 55407	J L BOBBITT & B BOBBITT	RESIDENTIAL	$408,000	190 ft
3333 21ST AVE S MINNEAPOLIS MN 55407	BENJAMIN TSAI	RESIDENTIAL-TWO UNIT	$433,900	193 ft
3312 22ND AVE S MINNEAPOLIS MN 55407	ELAINE HUMMEL ANDERSON RV TR	APARTMENT	$411,000	195 ft

Property History

Current Tax Year

Year2026

Tax Due$8,101