2904 22ND ST E MINNEAPOLIS MN 55406

PID: 3602924110016

Property Overview

Parcel ID3602924110016

Lot Size4,802 sq ft (0.110 ac)

Lot Dimensions (est.)41 ft wide × 117 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerJ E MADSEN & J B MADSEN

Assessed Value$279,600

Land Value$133,000

Building Value$146,600

Annual Tax$4,028

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

3 permits on record since 2018 · $10K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

MiscOct 2023Expired

$10K

LEGACY RESTORATION LLC

ResSep 2018Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 depth80 ft

Area~2,402 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 2,402 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
2908 22ND ST E MINNEAPOLIS MN 55406	KERRY M CASHMAN	RESIDENTIAL	$279,300	40 ft
2900 22ND ST E MINNEAPOLIS MN 55406	C A NELSON & S J NELSON	RESIDENTIAL	$379,900	45 ft
2113 29TH AVE S MINNEAPOLIS MN 55406	BEACON HOMES MANAGEMENT LLC	APARTMENT	$494,000	80 ft
2912 22ND ST E MINNEAPOLIS MN 55406	PETER M MCCOMBER	RESIDENTIAL-TWO UNIT	$370,100	80 ft
2109 29TH AVE S MINNEAPOLIS MN 55406	DEBORAH J POWELL-PORRAZZO	RESIDENTIAL	$389,600	120 ft
2916 22ND ST E MINNEAPOLIS MN 55406	N PIAZZA & M PUMPHREY	RESIDENTIAL-TWO UNIT	$431,800	120 ft
2105 29TH AVE S MINNEAPOLIS MN 55406	TWENTY NINTH AVENUE LLC	RESIDENTIAL-TWO UNIT	$382,100	160 ft
2920 22ND ST E MINNEAPOLIS MN 55406	T A & M L SANTUCCI	RESIDENTIAL	$320,600	160 ft
2830 22ND ST E MINNEAPOLIS MN 55406	SUSAN M KOLSTAD TRUST	RESIDENTIAL	$387,000	170 ft
2901 22ND ST E MINNEAPOLIS MN 55406	W P BARNETT & K M CASHMAN	RESIDENTIAL-TWO UNIT	$396,100	186 ft

Property History

Current Tax Year

Year2026

Tax Due$4,028