2120 EMERSON AVE S MINNEAPOLIS MN 55405

PID: 3302924120038

Property Overview

Parcel ID3302924120038

Lot Size6,937 sq ft (0.159 ac)

Lot Dimensions (est.)127 ft wide × 54 ft deep

Year Built1908

Property ClassRESIDENTIAL-TWO UNIT

OwnerJAMES F GORNEY

Assessed Value$694,900

Land Value$274,000

Building Value$420,900

Annual Tax$13,145

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

7 permits on record since 2017 · $55K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$20K

PRO TECH EXTERIORS LLC

ExistresMay 2019Closed

GV Heating and Air Inc

ExistresAug 2018Closed

GV Heating and Air Inc

ResJan 2018Closed

FRANK MOTZKO PLUMBING LLC

RemodelOct 2017Closed

$35K

BRAD SCOTT CONSTRUCTION

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

Neighborhood Profile

Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

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 width48 ft

Buildable depth80 ft

Area~3,747 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 3,747 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2116 EMERSON AVE S MINNEAPOLIS MN 55405	JONATHAN KALSCHEUR	RESIDENTIAL-TWO UNIT	$579,100	49 ft
1202 22ND ST W MINNEAPOLIS MN 55405	W L TILLMAN & E THIELE	RESIDENTIAL	$626,800	60 ft
1208 22ND ST W MINNEAPOLIS MN 55405	RANDI L LYDERS TRUST	RESIDENTIAL	$584,400	72 ft
2112 EMERSON AVE S MINNEAPOLIS MN 55405	DAVID LARSON	CONDOMINIUM	$318,000	109 ft
2112 EMERSON AVE S MINNEAPOLIS MN 55405	CYNTHIA A HANSON	CONDOMINIUM	$318,000	109 ft
2112 EMERSON AVE S MINNEAPOLIS MN 55405	PHILIP K JACOBSON	CONDOMINIUM	$318,000	109 ft
2112 EMERSON AVE S MINNEAPOLIS MN 55405	MEGAN CATHERINE CAIRNS	CONDOMINIUM	$318,000	109 ft
MN	Unknown	—	—	109 ft
1210 22ND ST W MINNEAPOLIS MN 55405	ESMAEEL EBRAHIM KHOROOSI	RESIDENTIAL	$414,400	118 ft
2123 FREMONT AVE S MINNEAPOLIS MN 55405	J ZIEGENFUSS & K YUVARAJ	RESIDENTIAL	$889,000	144 ft

Property History

Most Recent Sale

Date201709

Price$675,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,145