2512 21ST ST W MINNEAPOLIS MN 55405

PID: 3202924120020

Property Overview

Parcel ID3202924120020

Lot Size4,846 sq ft (0.111 ac)

Lot Dimensions (est.)57 ft wide × 85 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerARON LIPKIN

Assessed Value$518,300

Land Value$301,000

Building Value$217,300

Annual Tax$8,057

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $3K total declared value · Most recent: Nov 2022 (misc)

MiscNov 2022Closed

$3K

RENEWAL BY ANDERSEN CORP

ExistresJan 2022Closed

Airic's Heating & Air Conditioning Inc

ResMar 2019Closed

CenterPoint Energy Resource Corp

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 width38 ft

Buildable depth61 ft

Area~2,324 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 2,324 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2508 21ST ST W MINNEAPOLIS MN 55405	ANNA KATHARINA ZILVERSTAND	RESIDENTIAL	$568,800	46 ft
2516 21ST ST W MINNEAPOLIS MN 55405	TIMOTHY J MCMANUS	RESIDENTIAL	$537,700	47 ft
2029 THOMAS AVE S MINNEAPOLIS MN 55405	THOMAS J NOMELAND TR ET AL	RESIDENTIAL	$829,700	77 ft
2506 21ST ST W MINNEAPOLIS MN 55405	LESLIE HILLMAN-MACDONALD	RESIDENTIAL	$409,900	100 ft
2025 THOMAS AVE S MINNEAPOLIS MN 55405	P BAGGENSTOS/Y T BAGGENSTOS	RESIDENTIAL	$1,252,100	127 ft
2502 21ST ST W MINNEAPOLIS MN 55405	DIXIE JO IMHOLTE	RESIDENTIAL	$602,100	133 ft
2515 21ST ST W MINNEAPOLIS MN 55405	M A FARRAR & M COLLINS	RESIDENTIAL	$705,800	135 ft
2604 21ST ST W MINNEAPOLIS MN 55405	METROPOLITAN COUNCIL	LAND-COMMERCIAL	$0	165 ft
2052 SHERIDAN AVE S MINNEAPOLIS MN 55405	W J BENBENEK JR ET AL JT TR	RESIDENTIAL	$640,300	172 ft
2021 THOMAS AVE S MINNEAPOLIS MN 55405	W H STENSRUD & K L STENSRUD	VACANT LAND-RESIDENTIAL	$337,000	175 ft

Property History

Most Recent Sale

Date201609

Price$324,332

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,057