3001 LINCOLN ST N E MINNEAPOLIS MN 55418

PID: 0102924340015

Property Overview

Parcel ID0102924340015

Lot Size7,516 sq ft (0.173 ac)

Lot Dimensions (est.)125 ft wide × 60 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerJ MERKENS & E MERKENS

Assessed Value$388,300

Land Value$129,000

Building Value$259,300

Annual Tax$5,848

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $22K total declared value · Most recent: Oct 2024 (remodel)

RemodelOct 2024Closed

$3K

Morning Shadow Inc

ResOct 2024Closed

Dooty Calls Plumbing LLC

MiscApr 2022Closed

$12K

Mohler Chimney Repair LLC

RemodelFeb 2020Closed

$7K

Suncharge Llc

ExistresFeb 2020Closed

Larson Plumbing Inc

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

Neighborhood Profile

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth20 ft

Area~4,007 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 4,007 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3009 LINCOLN ST N E MINNEAPOLIS MN 55418	KERRY NEWSTROM REV TRUST	RESIDENTIAL	$353,700	60 ft
2959 LINCOLN ST N E MINNEAPOLIS MN 55418	DAVID SVEHLA	RESIDENTIAL	$299,800	109 ft
3019 LINCOLN ST N E MINNEAPOLIS MN 55418	PAUL J ROZENDAAL	RESIDENTIAL	$320,300	130 ft
3000 JOHNSON ST N E MINNEAPOLIS MN 55418	C SANGUINET & M DOWNEY	RESIDENTIAL	$282,200	139 ft
3006 JOHNSON ST N E MINNEAPOLIS MN 55418	TAYLOR LAMBERTY	RESIDENTIAL	$314,100	142 ft
2955 LINCOLN ST N E MINNEAPOLIS MN 55418	JOANNE MARIE SANDER	RESIDENTIAL	$262,900	149 ft
3010 JOHNSON ST N E MINNEAPOLIS MN 55418	COURTNI GONDREAU	RESIDENTIAL	$204,600	156 ft
3014 JOHNSON ST N E MINNEAPOLIS MN 55418	L A RAMIREZ & C RAMIREZ	RESIDENTIAL	$250,400	178 ft
2958 JOHNSON ST N E MINNEAPOLIS MN 55418	SARAH MICHELLE RICHARD	RESIDENTIAL-TWO UNIT	$346,600	183 ft
2951 LINCOLN ST N E MINNEAPOLIS MN 55418	ANDREW NUTT & SAMUEL EKREN	RESIDENTIAL	$313,800	189 ft

Property History

Most Recent Sale

Date202301

Price$379,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,848