3427 LINCOLN ST N E MINNEAPOLIS MN 55418

PID: 0102924240021

Property Overview

Parcel ID0102924240021

Lot Size5,243 sq ft (0.120 ac)

Lot Dimensions (est.)125 ft wide × 42 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerJOEL SUNDE ET AL

Assessed Value$310,800

Land Value$106,000

Building Value$204,800

Annual Tax$4,550

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $11K total declared value · Most recent: Mar 2024 (existres)

ExistresMar 2024Closed

Residential Heating and Air Conditioning Inc

ResSep 2022Closed

Warners Stellian Co Inc

RemodelMar 2021Closed

$11K

WOLF RIVER ELECTRIC

ResFeb 2020Closed

Noah Acquistions LLC

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

Neighborhood Profile

Waite Park · Minneapolis

Median reported rent1,527/mo

Renter-occupied21.2%

Median home value$288K

Vacancy rate3.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 6.01

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth85 ft

Area~2,713 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 2,713 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3423 LINCOLN ST N E MINNEAPOLIS MN 55418	MATTHEW P WANSERSKI	RESIDENTIAL	$345,100	42 ft
3431 LINCOLN ST N E MINNEAPOLIS MN 55418	NATHAN JONES & MAGGIE JONES	RESIDENTIAL	$380,300	42 ft
3419 LINCOLN ST N E MINNEAPOLIS MN 55418	JOAN M GARVEY	RESIDENTIAL	$228,000	84 ft
3435 LINCOLN ST N E MINNEAPOLIS MN 55418	LISA A POLEC	RESIDENTIAL	$302,300	84 ft
3415 LINCOLN ST N E MINNEAPOLIS MN 55418	D P JENSEN & P J JENSEN	RESIDENTIAL	$265,100	126 ft
3439 LINCOLN ST N E MINNEAPOLIS MN 55418	TERESA A CHAVEZ	RESIDENTIAL	$327,200	126 ft
3426 JOHNSON ST N E MINNEAPOLIS MN 55418	A J MONTEZ & A R MONTEZ	RESIDENTIAL	$302,200	139 ft
3430 JOHNSON ST N E MINNEAPOLIS MN 55418	M B GOBELI & R A NETTLETON	RESIDENTIAL	$273,100	143 ft
3422 JOHNSON ST N E MINNEAPOLIS MN 55418	SUSAN M BRODY TRUST	RESIDENTIAL	$281,400	146 ft
3434 JOHNSON ST N E MINNEAPOLIS MN 55418	A OTTE & J ACHTEMEIR	RESIDENTIAL	$299,300	157 ft

Property History

Most Recent Sale

Date201905

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,550