3235 LINCOLN ST N E MINNEAPOLIS MN 55418

PID: 0102924310021

Property Overview

Parcel ID0102924310021

Lot Size5,000 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerDEENA C GRAF

Assessed Value$298,200

Land Value$104,000

Building Value$194,200

Annual Tax$4,340

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $14K total declared value · Most recent: Jan 2023 (misc)

MiscJan 2023Closed

$12K

Minnesota Rusco Inc

ResNov 2020Closed

MN Plumbing & Home Services INC

ResSep 2020Closed

The Tarbek Company LLC

MiscSep 2020Closed

$2K

AFFORDABLE BUILDERS

ResSep 2020Closed

The Tarbek Company 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$368K-0.7% YoY

Median price / sqft$228/sqft

Median days to close15 days

Active listings75

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 width30 ft

Buildable depth85 ft

Area~2,550 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 2,550 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
3231 LINCOLN ST N E MINNEAPOLIS MN 55418	DEREK M PRESMAIL	RESIDENTIAL	$307,400	40 ft
3239 LINCOLN ST N E MINNEAPOLIS MN 55418	GRANT HOLLER/RACHEL PEDERSON	RESIDENTIAL	$303,000	40 ft
3227 LINCOLN ST N E MINNEAPOLIS MN 55418	LORI A SARFF	RESIDENTIAL	$235,000	80 ft
3223 LINCOLN ST N E MINNEAPOLIS MN 55418	LYNN M ISAACSON	RESIDENTIAL	$312,000	130 ft
3234 JOHNSON ST N E MINNEAPOLIS MN 55418	BRYAN W VOLLMAN	RESIDENTIAL	$292,600	139 ft
3238 JOHNSON ST N E MINNEAPOLIS MN 55418	ISMAEL ORIHUELA	RESIDENTIAL	$321,500	144 ft
3228 JOHNSON ST N E MINNEAPOLIS MN 55418	D A STROMDAHL/E A STROMDAHL	RESIDENTIAL	$281,200	149 ft
1510 33RD AVE N E MINNEAPOLIS MN 55418	IOWA-MN DIST WESLEYAN CHURCH	RESIDENTIAL	$0	159 ft
3242 JOHNSON ST N E MINNEAPOLIS MN 55418	KRYSTLE M MURPHY	RESIDENTIAL	$237,000	160 ft
3222 JOHNSON ST N E MINNEAPOLIS MN 55418	CELIA RIOS-ALVAREZ ET AL	RESIDENTIAL	$267,400	173 ft

Property History

Most Recent Sale

Date200402

Price$162,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,340