3504 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824320126

Property Overview

Parcel ID0102824320126

Lot Size6,190 sq ft (0.142 ac)

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

Year Built1915

Property ClassRESIDENTIAL-TWO UNIT

OwnerTHOMAS C NORDENWALL

Assessed Value$431,300

Land Value$114,000

Building Value$317,300

Annual Tax$6,735

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 2017 · Most recent: Feb 2023 (res)

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ResFeb 2017Closed

SODERLIN PLUMBING HEATING AND AIR

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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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
3508 20TH AVE S MINNEAPOLIS MN 55407	T D WILLIAMSON & M SAHLBERG	RESIDENTIAL	$374,600	49 ft
3500 20TH AVE S MINNEAPOLIS MN 55407	CHAD WAHLBERG ET AL	RESIDENTIAL-TWO UNIT	$336,500	53 ft
1911 35TH ST E MINNEAPOLIS MN 55407	KATIE KNOBLAUCH	RESIDENTIAL	$193,100	67 ft
3512 20TH AVE S MINNEAPOLIS MN 55407	P J HALLSTROM/J L HALLSTROM	RESIDENTIAL	$474,200	99 ft
3505 19TH AVE S MINNEAPOLIS MN 55407	MARK THOMSON & ALICE JOHNSON	RESIDENTIAL	$404,900	138 ft
3509 19TH AVE S MINNEAPOLIS MN 55407	JENNIFER A PAREDES	RESIDENTIAL	$358,000	147 ft
3501 19TH AVE S MINNEAPOLIS MN 55407	IDELFONSO G SANCHEZ	RESIDENTIAL	$264,000	147 ft
3516 20TH AVE S MINNEAPOLIS MN 55407	SAM H BROCK	RESIDENTIAL-TWO UNIT	$352,100	148 ft
3448 20TH AVE S MINNEAPOLIS MN 55407	VALUE HOMES LLC	RESIDENTIAL-TWO UNIT	$734,400	162 ft
3513 19TH AVE S MINNEAPOLIS MN 55407	V & K NIXON	RESIDENTIAL	$345,000	169 ft

Property History

Current Tax Year

Year2026

Tax Due$6,735