3521 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824320118

Property Overview

Parcel ID0102824320118

Lot Size6,191 sq ft (0.142 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerR FLORES/M FLORES/G FLORES

Assessed Value$231,000

Land Value$114,000

Building Value$117,000

Annual Tax$3,883

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

2 permits on record since 2018 · Most recent: Feb 2023 (res)

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ResSep 2018Closed

Linn Star Transfer 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 width40 ft

Buildable depth84 ft

Area~3,358 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 3,358 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3517 20TH AVE S MINNEAPOLIS MN 55407	ALEXIS DANIEL	RESIDENTIAL-TWO UNIT	$366,500	50 ft
3525 20TH AVE S MINNEAPOLIS MN 55407	ELIZABETH HENDRICKSON	RESIDENTIAL	$379,400	50 ft
3515 20TH AVE S MINNEAPOLIS MN 55407	MARK M CURRIE	RESIDENTIAL	$224,000	99 ft
3529 20TH AVE S MINNEAPOLIS MN 55407	JENNA M TOEDTER	RESIDENTIAL	$349,000	99 ft
3520 21ST AVE S MINNEAPOLIS MN 55407	HENRY BROWN	RESIDENTIAL	$355,000	138 ft
3516 21ST AVE S MINNEAPOLIS MN 55407	A B C YUPA	RESIDENTIAL-TWO UNIT	$391,600	147 ft
3524 21ST AVE S MINNEAPOLIS MN 55407	N R COLLARD/M B WUHIB	RESIDENTIAL	$314,500	147 ft
3509 20TH AVE S MINNEAPOLIS MN 55407	PATRICK W DOBLE ET AL TRUST	RESIDENTIAL	$267,000	149 ft
3533 20TH AVE S MINNEAPOLIS MN 55407	SIMON J & APRIL L RIORDAN	RESIDENTIAL	$294,000	149 ft
3512 21ST AVE S MINNEAPOLIS MN 55407	JAMIE SPAULDING	RESIDENTIAL	$328,500	170 ft

Property History

Most Recent Sale

Date200111

Price$139,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,883