3424 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824320034

Property Overview

Parcel ID0102824320034

Lot Size5,003 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerNICOLE C SALM

Assessed Value$329,300

Land Value$103,000

Building Value$226,300

Annual Tax$5,079

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2020 · $6K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$6K

Geeksuite Exteriors

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResJan 2020Closed

Water Heaters Now Inc

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

Neighborhood Profile

Corcoran · Minneapolis

Median reported rent1,294/mo

Renter-occupied49.3%

Median home value$287K

Vacancy rate4.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1086

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 depth85 ft

Area~2,551 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 2,551 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3420 20TH AVE S MINNEAPOLIS MN 55407	T & R CASPAR	RESIDENTIAL	$224,000	40 ft
3428 20TH AVE S MINNEAPOLIS MN 55407	DEANNA LYNN MILLER	RESIDENTIAL	$413,500	40 ft
3416 20TH AVE S MINNEAPOLIS MN 55407	BETH A KNOBLAUCH	RESIDENTIAL	$286,900	80 ft
3434 20TH AVE S MINNEAPOLIS MN 55407	BERNARD L KREILKAMP	APARTMENT	$532,000	86 ft
3412 20TH AVE S MINNEAPOLIS MN 55407	STEPHANIE PASTRANA	RESIDENTIAL	$243,000	120 ft
3423 19TH AVE S MINNEAPOLIS MN 55407	A R BURCH & L A BRITTON	RESIDENTIAL	$322,700	138 ft
3436 20TH AVE S MINNEAPOLIS MN 55407	ADELINA HERNANDEZ MARTINEZ	RESIDENTIAL	$264,000	140 ft
3427 19TH AVE S MINNEAPOLIS MN 55407	ALISSA J FOUNTAIN	RESIDENTIAL	$343,600	144 ft
3419 19TH AVE S MINNEAPOLIS MN 55407	S DE LEON & BRUCE D NESTOR	RESIDENTIAL	$205,500	144 ft
3415 19TH AVE S MINNEAPOLIS MN 55407	BRADY LUNDY	RESIDENTIAL	$209,400	160 ft

Property History

Most Recent Sale

Date201404

Price$170,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,079