3423 JOHNSON ST N E MINNEAPOLIS MN 55418

PID: 0102924130021

Property Overview

Parcel ID0102924130021

Lot Size4,986 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerHERMAN CAPITAL PTRS VI LLC

Assessed Value$184,500

Land Value$108,000

Building Value$76,500

Annual Tax$2,856

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

No permits found in Minneapolis open data for this parcel.

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth85 ft

Area~2,539 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 2,539 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3419 JOHNSON ST N E MINNEAPOLIS MN 55418	TARA ZAHLER & ANTHONY LAW	RESIDENTIAL	$255,900	40 ft
3427 JOHNSON ST N E MINNEAPOLIS MN 55418	KARA GAY JENSEN-WITHERSPOON	RESIDENTIAL	$319,000	40 ft
3415 JOHNSON ST N E MINNEAPOLIS MN 55418	JENNIFER NORBECK	RESIDENTIAL	$239,900	80 ft
3431 JOHNSON ST N E MINNEAPOLIS MN 55418	KRISTIN K JUNTUNEN	RESIDENTIAL	$318,700	80 ft
3411 JOHNSON ST N E MINNEAPOLIS MN 55418	JAMES S WILLIAMSON	RESIDENTIAL	$299,800	120 ft
3433 JOHNSON ST N E MINNEAPOLIS MN 55418	ALEX J HERMODSON	RESIDENTIAL-TWO UNIT	$410,700	130 ft
3422 ULYSSES ST N E MINNEAPOLIS MN 55418	ADELE N GROTE	RESIDENTIAL	$303,200	140 ft
3418 ULYSSES ST N E MINNEAPOLIS MN 55418	LINDA G KEISER	RESIDENTIAL	$265,300	145 ft
3426 ULYSSES ST N E MINNEAPOLIS MN 55418	ERICA BELKHOLM/KENNETH BLAKE	RESIDENTIAL	$285,400	146 ft
3407 JOHNSON ST N E MINNEAPOLIS MN 55418	TARA LUCCHINO	RESIDENTIAL	$276,000	160 ft

Property History

Most Recent Sale

Date201507

Price$64,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,856