2704 22ND ST E MINNEAPOLIS MN 55406

PID: 3602924120022

Property Overview

Parcel ID3602924120022

Lot Size4,802 sq ft (0.110 ac)

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

Year Built1969

Property ClassRESIDENTIAL

OwnerELIZABETH GRANT & MARK FINN

Assessed Value$332,900

Land Value$133,000

Building Value$199,900

Annual Tax$4,920

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

1 permit on record since 2025 · Most recent: May 2025 (res)

ResMay 2025Closed

CHAMPION PLUMBING LLC

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
2706 22ND ST E MINNEAPOLIS MN 55406	J SPECKMAN & A LINDQUIST	RESIDENTIAL-TWO UNIT	$383,900	40 ft
2700 22ND ST E MINNEAPOLIS MN 55406	A J RICH & M ROGERS	RESIDENTIAL	$482,700	45 ft
2113 27TH AVE S MINNEAPOLIS MN 55406	2113 27TH AVE S LLC	TRIPLEX	$459,800	80 ft
2712 22ND ST E MINNEAPOLIS MN 55406	ANNIKA BRINDEL/JOHN BRINDEL	RESIDENTIAL	$447,900	80 ft
2109 27TH AVE S MINNEAPOLIS MN 55406	R P HOUSER & B P HOUSER	RESIDENTIAL	$307,400	120 ft
2716 22ND ST E MINNEAPOLIS MN 55406	V KUTTY & R S KUTTY	RESIDENTIAL	$305,000	120 ft
2105 27TH AVE S MINNEAPOLIS MN 55406	JAMES BRUCE MOURITSEN	RESIDENTIAL-TWO UNIT	$482,600	160 ft
2628 22ND ST E MINNEAPOLIS MN 55406	CU NGOC NGUYEN	RESIDENTIAL-TWO UNIT	$378,400	170 ft
2201 27TH AVE S MINNEAPOLIS MN 55406	ROBERT E EVBAYEKHA	RESIDENTIAL-TWO UNIT	$414,700	172 ft
2720 22ND ST E MINNEAPOLIS MN 55406	FAITH MENNONITE CHURCH	COMMERCIAL-PREFERRED	$0	200 ft

Property History

Most Recent Sale

Date202204

Price$309,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,920