2441 22ND ST W MINNEAPOLIS MN 55405

PID: 3202924110104

Property Overview

Parcel ID3202924110104

Lot Size5,285 sq ft (0.121 ac)

Lot Dimensions (est.)93 ft wide × 57 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerD P FRANKLIN & LUKE FRANKLIN

Assessed Value$769,000

Land Value$327,000

Building Value$442,000

Annual Tax$12,800

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2016 · $83K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$15K

ERICK KALLERUP CONSTRUCTION

ResJan 2023Closed

CenterPoint Energy Resource Corp

RemodelOct 2018Closed

$10K

Luke M Franklin

ResSep 2017Closed

Hearth and Home Technologies LLC

ExistresSep 2017Closed

Jim Beck Mechanical LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Kenwood · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width44 ft

Buildable depth58 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

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2433 22ND ST W MINNEAPOLIS MN 55405	B S NIJHUIS & G E ROBILLARD	RESIDENTIAL-TWO UNIT	$786,200	58 ft
2449 22ND ST W MINNEAPOLIS MN 55405	CHENGWEI DU & JOHN DOYLE	RESIDENTIAL	$849,100	65 ft
2207 SHERIDAN AVE S MINNEAPOLIS MN 55405	D C RAND & P L WALMAN	RESIDENTIAL	$769,300	85 ft
2431 22ND ST W MINNEAPOLIS MN 55405	PREM KUMAR & JAVANTY KUMAR	RESIDENTIAL	$1,914,700	113 ft
2209 SHERIDAN AVE S MINNEAPOLIS MN 55405	J R HOFFMANN & M V HOFFMANN	RESIDENTIAL	$769,900	129 ft
2427 22ND ST W MINNEAPOLIS MN 55405	MARIAN S MOORE TRUST	RESIDENTIAL	$848,200	169 ft
2215 SHERIDAN AVE S MINNEAPOLIS MN 55405	M LALLY & WM GAMBUCCI	RESIDENTIAL	$707,400	174 ft
2434 22ND ST W MINNEAPOLIS MN 55405	D RADLER & G TUTTLE-RADLER	CONDOMINIUM	$273,000	182 ft
2434 22ND ST W MINNEAPOLIS MN 55405	ALI M BABINEAU	CONDOMINIUM	$276,000	182 ft
2434 22ND ST W MINNEAPOLIS MN 55405	J J MCCORD FAMILY TRUST	CONDOMINIUM	$273,000	182 ft

Property History

Most Recent Sale

Date201609

Price$570,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,800