3405 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824320049

Property Overview

Parcel ID0102824320049

Lot Size5,006 sq ft (0.115 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerJ J WALKER & L WALKER

Assessed Value$271,600

Land Value$103,000

Building Value$168,600

Annual Tax$4,462

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

4 permits on record since 2020 · $17K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$17K

Hail Experts Inc

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResApr 2021Closed

MN Plumbing & Home Services INC

ResJul 2020Closed

CHAMPION PLUMBING LLC

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~2,553 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 2,553 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
3409 20TH AVE S MINNEAPOLIS MN 55407	C PLANALP & ELIZABETH GILLES	RESIDENTIAL	$288,300	40 ft
3401 20TH AVE S MINNEAPOLIS MN 55407	MICHAEL E DROPIK	RESIDENTIAL	$255,000	40 ft
3413 20TH AVE S MINNEAPOLIS MN 55407	STEVEN L & DEBRA J STOUT	RESIDENTIAL	$279,700	80 ft
2015 34TH ST E MINNEAPOLIS MN 55407	E RENTZ & C KIGHTLINGER	RESIDENTIAL	$232,000	99 ft
3417 20TH AVE S MINNEAPOLIS MN 55407	JUDY E BABCOCK	RESIDENTIAL	$184,900	120 ft
2017 34TH ST E MINNEAPOLIS MN 55407	THERESA Y TURNER	RESIDENTIAL	$259,100	139 ft
3408 21ST AVE S MINNEAPOLIS MN 55407	Z W WARREN & C M WILLIAMS	RESIDENTIAL	$310,500	144 ft
3412 21ST AVE S MINNEAPOLIS MN 55407	LANNA TRINH	RESIDENTIAL-TWO UNIT	$348,600	160 ft
3421 20TH AVE S MINNEAPOLIS MN 55407	MARIA D R OLVERA MARQUEZ	RESIDENTIAL	$267,000	161 ft
3345 20TH AVE S MINNEAPOLIS MN 55407	THOMAS BUCHANAN & AMY TWEET	RESIDENTIAL-TWO UNIT	$408,500	171 ft

Property History

Most Recent Sale

Date202103

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,462