3447 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824320060

Property Overview

Parcel ID0102824320060

Lot Size5,005 sq ft (0.115 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerDELMON INVESTMENTS LLC

Assessed Value$359,100

Land Value$101,000

Building Value$258,100

Annual Tax$6,820

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 2021 · $13K total declared value · Most recent: Jun 2024 (res)

ResJun 2024Closed

Castro Plumbing and Construction LLC

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscAug 2021Closed

$13K

KAUFMAN SHEET METAL ROOFING 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~2,553 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
3443 20TH AVE S MINNEAPOLIS MN 55407	KATHLEEN M WOOLCOTT	RESIDENTIAL-TWO UNIT	$316,800	40 ft
2004 35TH ST E MINNEAPOLIS MN 55407	D M BICKING & G L BICKING	COMMERCIAL-PREFERRED	$142,800	58 ft
2010 35TH ST E MINNEAPOLIS MN 55407	BRYCE C FAIRBANKS	RESIDENTIAL	$76,000	68 ft
3437 20TH AVE S MINNEAPOLIS MN 55407	EDEN SPENCER	RESIDENTIAL	$299,100	80 ft
3435 20TH AVE S MINNEAPOLIS MN 55407	CHRISTEN R MCDONALD	RESIDENTIAL	$318,700	120 ft
3446 21ST AVE S MINNEAPOLIS MN 55407	DEBRA J BROAD	RESIDENTIAL	$273,800	138 ft
3442 21ST AVE S MINNEAPOLIS MN 55407	L E KRAFT & J L SNIVELY	RESIDENTIAL	$289,000	144 ft
3450 21ST AVE S MINNEAPOLIS MN 55407	JULIA NELSON	RESIDENTIAL	$290,000	144 ft
3454 21ST AVE S MINNEAPOLIS MN 55407	SHEILA K LAZER	RESIDENTIAL	$275,000	157 ft
3438 21ST AVE S MINNEAPOLIS MN 55407	ANDREA L GRAHAM	RESIDENTIAL	$318,000	160 ft

Property History

Most Recent Sale

Date202407

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,820