2500 16th Avenue S - Photo 1
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2500 16th Avenue S
2500 16th Avenue S
2500 16th Avenue S
2500 16th Avenue S
2500 16th Avenue S

2500 16th Avenue S, Minneapolis, MN 55404 - MLS# 7114086

MLS® #: 7114086|Days on Market: 98|Listed: Jul 23, 2026

$109,000

$140,000↓ 22.1%
Bedrooms
0
Bathrooms
0
Year Built
1913
Property Type
Land
Days on Market
98
School District
1 - Minneapolis

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.

2500 16th Avenue S, Minneapolis, MN 55404

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Lot & Utilities

Lot Size6,466 square feet
Lot Dimensions52.3x123.5
ZoningResidential-Multi-Family
SubdivisionBowens Add
TownshipMinneapolis
CountyHennepin

Financial & Tax Information

Annual Taxes$7,404
Tax Year2026
Tax w/ Assessments$7,404
Assessment PendingNo
Parcel Number3502924140021
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 1939 or earlier, about 46% of occupied homes are owner-occupied, and the average commute is 21 minutes.

Cost of Ownership

Median home value

$326,400

Lower than the Minneapolis median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$3,685/yr

Lower than the Minneapolis median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$2,135/mo

Similar to the Minneapolis median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$625/mo

Lower than the Minneapolis median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,098/mo

Lower than the Minneapolis median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

46%

Similar than Minneapolis overall

The share of occupied homes lived in by their owners.

Median year built

1938

Similar to the Minneapolis median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2010-20199%
  • 2000-200910%
  • 1939 or earlier64%

Types of homes

The share of housing units in each building type.

  • Single-family detached32%
  • 2-4 units32%
  • 5+ units28%

Getting Around

Average commute

21 min

Lower than the Minneapolis median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone51%
  • Public transit13%
  • Walk or bike8%
  • Work from home15%

Homes with broadband

86%

Similar than Minneapolis overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Minneapolis Public School District

This home is in the Folwell Elementary, Andersen Middle and South High attendance areas of Minneapolis Public School District.

Elementary

Folwell Elementary

Grades PK-5 · 1.4 mi away

Enrollment
450
Students per teacher
11.3

3611 20th Ave S, Minneapolis, MN 55407

(612) 668-4550

Middle

Andersen Middle

Grades 6-8 · 0.4 mi away

Enrollment
1,052
Students per teacher
13.5

1098 Andersen Lane, Minneapolis, MN 55407

(612) 668-4200

High

South High

Grades 9-12 · 0.9 mi away

Enrollment
1,257
Students per teacher
13

3131 19th Ave S, Minneapolis, MN 55407

(612) 668-4300

School assignments can change. Verify enrollment with Minneapolis Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

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Listed by: Real Broker, LLC
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.