1608 36TH AVE N E MINNEAPOLIS MN 55418

PID: 0102924120080

Property Overview

Parcel ID0102924120080

Lot Size7,732 sq ft (0.177 ac)

Lot Dimensions (est.)195 ft wide × 40 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerNANCY OLSON & CHAD OLSON

Assessed Value$394,100

Land Value$131,000

Building Value$263,100

Annual Tax$5,945

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

3 permits on record since 2018 · Most recent: Aug 2024 (res)

ResAug 2024Expired

Urban Pine Plumbing and Mechanical Inc

ExistresMar 2022Closed

CENTERPOINT ENERGY

ResDec 2018Closed

CenterPoint Energy Resource Corp

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width180 ft

Buildable depth0 ft

Area~1,112 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 sfr / adu benchmarks for 1,112 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3535 JOHNSON ST N E MINNEAPOLIS MN 55418	COLLEEN WAKARUK	RESIDENTIAL	$315,400	46 ft
3531 JOHNSON ST N E MINNEAPOLIS MN 55418	MOLLY C JOHN	RESIDENTIAL	$317,400	91 ft
3491 ULYSSES ST N E MINNEAPOLIS MN 55418	ANDREW T BAY	RESIDENTIAL	$351,200	144 ft
1624 36TH AVE N E MINNEAPOLIS MN 55418	ARJUN M MAHAJAN	RESIDENTIAL	$429,700	156 ft
1609 36TH AVE N E MINNEAPOLIS MN 55418	1609 LLC	RESIDENTIAL	$245,800	157 ft
1601 36TH AVE N E MINNEAPOLIS MN 55418	RENAN M CALDERON NEIRA	RESIDENTIAL	$293,100	163 ft
1615 36TH AVE N E MINNEAPOLIS MN 55418	MARIANN BEDNAR	RESIDENTIAL	$346,300	168 ft
1621 36TH AVE N E MINNEAPOLIS MN 55418	MARK BLACKOWIAK	RESIDENTIAL	$310,200	189 ft
3538 JOHNSON ST N E MINNEAPOLIS MN 55418	MARGUERITE R HERRMANN TRUST	RESIDENTIAL	$264,000	205 ft
3542 JOHNSON ST N E MINNEAPOLIS MN 55418	LAUREN REINE NICKELL	RESIDENTIAL	$267,100	206 ft

Property History

Most Recent Sale

Date200404

Price$252,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,945