2921 DREW AVE S MINNEAPOLIS MN 55416

PID: 3202924330090

Property Overview

Parcel ID3202924330090

Lot Size6,400 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerKARI HECK & DANTE MAGGIONE

Assessed Value$714,000

Land Value$294,000

Building Value$420,000

Annual Tax$11,759

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $68K total declared value · Most recent: Jan 2025 (remodel)

RemodelJan 2025Closed

$40K

PORCH LIGHT HOMES CO

ResJan 2025Closed

RIGID Plumbing LLC

MiscApr 2024Closed

$13K

LEXINGTON ROOFING AND REMODELING

ResOct 2021Closed

FIRESIDE HEARTH AND HOME

ResMar 2019Closed

Doran Enterprises INC

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

Neighborhood Profile

Cedar - Isles - Dean · 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 55416

Median sale price$395K-8.1% YoY

Median price / sqft$246/sqft

Median days to close46 days

Active listings89

Source: Redfin Data Center (Invalid Date) · Zip 55416

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth88 ft

Area~3,519 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 3-story wood frame (5–12 units) benchmarks for 3,519 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
2917 DREW AVE S MINNEAPOLIS MN 55416	MICHELLE CLAIR MCCREERY	RESIDENTIAL	$675,300	50 ft
2925 DREW AVE S MINNEAPOLIS MN 55416	A J METZLER & M J METZLER	RESIDENTIAL-TWO UNIT	$744,600	50 ft
2913 DREW AVE S MINNEAPOLIS MN 55416	BROTEN FAMILY TRUST	RESIDENTIAL	$725,500	100 ft
2929 DREW AVE S MINNEAPOLIS MN 55416	SUE H MAKREDES	RESIDENTIAL-TWO UNIT	$654,400	100 ft
2940 CHOWEN AVE S MINNEAPOLIS MN 55416	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	138 ft
2936 CHOWEN AVE S MINNEAPOLIS MN 55416	N B CHAVEZ & P E CHAVEZ	RESIDENTIAL	$1,113,900	143 ft
2909 DREW AVE S MINNEAPOLIS MN 55416	DREWHOUSE LLC	RESIDENTIAL	$580,000	150 ft
2933 DREW AVE S MINNEAPOLIS MN 55416	2933 DREW AVE LLC	RESIDENTIAL-TWO UNIT	$606,600	150 ft
2932 CHOWEN AVE S MINNEAPOLIS MN 55416	R E BISCHOFF & P M COTRUTA	RESIDENTIAL	$765,000	157 ft
3600 LAKE ST W MINNEAPOLIS MN 55416	A H BAKER & SONS LLC	COMMERCIAL-PREFERRED	$736,500	171 ft

Property History

Most Recent Sale

Date202012

Price$605,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,759