1606 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418

PID: 0102924120034

Property Overview

Parcel ID0102924120034

Lot Size8,441 sq ft (0.194 ac)

Lot Dimensions (est.)72 ft wide × 118 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerCARA BENSON

Assessed Value$265,900

Land Value$104,000

Building Value$161,900

Annual Tax$3,799

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

2 permits on record since 2017 · $11K total declared value · Most recent: Dec 2025 (misc)

MiscDec 2025Final Inspection

$11K

LEGACY RESTORATION LLC

ExistresSep 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Waite Park · Minneapolis

Median reported rent1,569/mo

Renter-occupied8.5%

Median home value$294K

Vacancy rate1.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 6.03

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth101 ft

Area~4,990 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 3-story wood frame (5–12 units) benchmarks for 4,990 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1612 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	M L P CASTRO & R H P COBOS	RESIDENTIAL	$254,300	62 ft
1600 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	SAIFUL ISLAM & TAHIRA SAIF	RESIDENTIAL	$359,800	68 ft
1618 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	MARGARETA FAZELI FARD	RESIDENTIAL	$242,600	125 ft
1624 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	N LOVDAHL & B N WEISS	RESIDENTIAL	$265,300	187 ft
1601 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	TIMOTHY J RITTER	RESIDENTIAL	$272,600	196 ft
1607 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	SCOTT J CORDES	RESIDENTIAL	$329,700	228 ft
3628 JOHNSON ST N E MINNEAPOLIS MN 55418	RYAN MULRENNAN	RESIDENTIAL	$338,900	228 ft
1613 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	JANETH J VERDUGO SANANGO	RESIDENTIAL	$330,900	235 ft
3632 JOHNSON ST N E MINNEAPOLIS MN 55418	J ZAMORA-WEISS/B ZAMORA-WEIS	RESIDENTIAL	$328,100	238 ft
1630 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	TYLER GERRICK/TABITHA BAKER	RESIDENTIAL	$274,400	249 ft

Property History

Most Recent Sale

Date202111

Price$257,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,799