3329 22ND AVE S MINNEAPOLIS MN 55407

PID: 0102824240154

Property Overview

Parcel ID0102824240154

Lot Size6,840 sq ft (0.157 ac)

Lot Dimensions (est.)171 ft wide × 40 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerDANIEL PETTERS

Assessed Value$309,000

Land Value$117,000

Building Value$192,000

Annual Tax$4,521

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 2022 · $16K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$16K

BUILT STRONG EXTERIORS LLC

ResMay 2022Closed

CenterPoint Energy Resource Corp

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 width30 ft

Buildable depth131 ft

Area~3,930 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 3,930 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3325 22ND AVE S MINNEAPOLIS MN 55407	C L STEVENS/E A SCHUBERT	RESIDENTIAL	$314,100	46 ft
2206 34TH ST E MINNEAPOLIS MN 55407	THOMAS A MEDIN ETAL	RESIDENTIAL	$231,000	83 ft
2204 34TH ST E MINNEAPOLIS MN 55407	THERESA M TIGHE	RESIDENTIAL	$306,600	83 ft
3321 22ND AVE S MINNEAPOLIS MN 55407	MARIBEL GARCIA	RESIDENTIAL-TWO UNIT	$402,300	96 ft
2212 34TH ST E MINNEAPOLIS MN 55407	GRIFFEN JEFFRIES	RESIDENTIAL-TWO UNIT	$411,400	103 ft
2200 34TH ST E MINNEAPOLIS MN 55407	R A KASSETH & L E KASSETH	RESIDENTIAL	$283,500	103 ft
3317 22ND AVE S MINNEAPOLIS MN 55407	MICHAEL D KOERNER	RESIDENTIAL	$305,000	145 ft
2216 34TH ST E MINNEAPOLIS MN 55407	DAVID K HOGAN	RESIDENTIAL-TWO UNIT	$320,800	182 ft
3328 23RD AVE S MINNEAPOLIS MN 55407	JOSE RUACHO	RESIDENTIAL	$244,000	186 ft
3324 23RD AVE S MINNEAPOLIS MN 55407	JUDE A AWA	RESIDENTIAL-TWO UNIT	$433,900	193 ft

Property History

Most Recent Sale

Date202307

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,521