3540 20TH AVE S MINNEAPOLIS MN 55407

PID: 0102824320192

Property Overview

Parcel ID0102824320192

Lot Size5,002 sq ft (0.115 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerE M THOMPSON & T M SCHROEDER

Assessed Value$356,000

Land Value$104,000

Building Value$252,000

Annual Tax$5,547

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2022 · $13K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

Northern Lights Heating & Air Conditioning LLC

ResMay 2025Closed

Petes Plumbing LLC

RemodelMay 2025Closed

$8K

SWENCRAFT

ResSep 2023Closed

MN Plumbing & Home Services INC

ResFeb 2023Closed

CenterPoint Energy Resource Corp

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~2,550 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 2,550 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
3536 20TH AVE S MINNEAPOLIS MN 55407	MIKE KNUTSON/AMANDA HAYMOND	RESIDENTIAL	$713,000	45 ft
3544 20TH AVE S MINNEAPOLIS MN 55407	PETER HALL	RESIDENTIAL	$312,500	56 ft
1914 36TH ST E MINNEAPOLIS MN 55407	MOLLY E HENNEN	RESIDENTIAL	$260,700	62 ft
3532 20TH AVE S MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	94 ft
1910 36TH ST E MINNEAPOLIS MN 55407	CHARLES BIRD & VIRGINIA WARD	RESIDENTIAL	$256,100	96 ft
3528 20TH AVE S MINNEAPOLIS MN 55407	MARGARET J ARVESON REV TR	RESIDENTIAL	$363,400	144 ft
3537 19TH AVE S MINNEAPOLIS MN 55407	H JACOBSEN & J JACOBSEN	RESIDENTIAL	$304,000	146 ft
3541 19TH AVE S MINNEAPOLIS MN 55407	SREEKISHEN S NAIR	RESIDENTIAL	$308,300	150 ft
3600 20TH AVE S MINNEAPOLIS MN 55407	JEFFREY A HOFFMANN	RESIDENTIAL	$311,900	164 ft
3533 19TH AVE S MINNEAPOLIS MN 55407	AHMED SALAH MOHAMED	RESIDENTIAL	$655,000	168 ft

Property History

Most Recent Sale

Date199812

Price$78,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,547