An incredibly rare opportunity in South Minneapolis! This large corner lot offers exceptional potential in an established, highly desirable area. Vacant land with this combination of size, corner-lot positioning, and development possibilities is extremely difficult to find in the city. Whether you're a builder, developer, or investor looking for your next project, this is an opportunity worth paying attention to! Take advantage of the flexibility of multi-family zoning and bring your vision to life! Opportunities like this simply don't come along often.
Active
Price cut: $10K (9/4)
$109,000
2500 16th Ave S, Minneapolis, MN 55404
--beds
--baths
6,466Square Feet
Unimproved Land
Built in 1913
6,466 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Corner-lot positioningLarge corner lot
- 43 days
- 56
- 2
Zillow last checked:
Listing updated:
Listed by:
Katherine Roselle 763-242-8128,
Real Broker, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7114086
Facts & features
Interior
Features
- Has basement: No
Property
Lot
- Size: 6,466 Square Feet
- Dimensions: 52.3 x 123.5
- Topography: Level
Details
- Parcel number: 3502924140021
- Zoning description: Residential-Multi-Family
Utilities & green energy
- Utilities for property: Broadband Available, Cable Available, Electricity Available, Natural Gas Available, None Connected, Sewer Available, Phone Available, Underground Utilities Available, Water Available
Community & HOA
Community
- Features: No
- Subdivision: Bowens Add
HOA
- Has HOA: No
Location
- Region: Minneapolis
Financial & listing details
- Tax assessed value: $435,000
- Annual tax amount: $7,404
- Date on market: 7/23/2026
- Inclusions: None
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $109,000-8.4% |
Source:  NorthstarMLS as distributed by MLS GRID #7114086 Report a problem | ||
| 8/17/2026 | Pending sale | $119,000 |
Source: NorthstarMLS as distributed by MLS GRID #7114086 Report a problem | ||
| 8/12/2026 | Price change | $119,000-15% |
Source: NorthstarMLS as distributed by MLS GRID #7114086 Report a problem | ||
| 7/23/2026 | Listed for sale | $140,000-70.8% |
Source: NorthstarMLS as distributed by MLS GRID #7114086 Report a problem | ||
| 3/3/2026 | Listing removed | $480,000 |
Source: NorthstarMLS as distributed by MLS GRID #6817815 Report a problem | ||
| 1/2/2026 | Listed for sale | $480,000 |
Source: NorthstarMLS as distributed by MLS GRID #6817815 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,404 +10.5% | $435,000 +7.1% |
| 2024 | $6,703 +0.8% | $406,000 -3.1% |
| 2023 | $6,651 -12% | $419,000 +1.4% |
| 2022 | $7,560 +4% | $413,100 -7.2% |
| 2021 | $7,270 -3% | $445,000 |
| 2020 | $7,494 +3.1% | $445,000 +5% |
| 2019 | $7,270 -3% | $424,000 +25.1% |
| 2018 | $7,494 +47% | $339,000 +36.7% |
| 2017 | $5,098 +9.7% | $248,000 +2.5% |
| 2016 | $4,648 -0.7% | $242,000 +7.1% |
| 2015 | $4,679 +2% | $226,000 |
| 2014 | $4,586 -10.3% | $226,000 |
| 2013 | $5,112 -7.4% | $226,000 -10% |
| 2012 | $5,518 -5.6% | $251,000 -10% |
| 2011 | $5,847 +2.6% | $279,000 -10.3% |
| 2010 | $5,697 -1.1% | $311,000 |
| 2009 | $5,763 +7.5% | $311,000 +4.7% |
| 2006 | $5,363 +4.1% | $297,000 +10% |
| 2005 | $5,153 +6.9% | $270,000 +17.4% |
| 2004 | $4,822 -5.4% | $230,000 +14.4% |
| 2002 | $5,096 -29.6% | $201,000 |
| 2001 | $7,239 | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: East Phillips
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