3009 LINCOLN ST N E MINNEAPOLIS MN 55418

PID: 0102924340016

Property Overview

Parcel ID0102924340016

Lot Size7,515 sq ft (0.173 ac)

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

Year Built1950

Property ClassRESIDENTIAL

OwnerKERRY NEWSTROM REV TRUST

Assessed Value$353,700

Land Value$129,000

Building Value$224,700

Annual Tax$5,269

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $132K total declared value · Most recent: Aug 2023 (res)

ResAug 2023Closed

4Front Energy Solutions Inc

ExistresAug 2023Closed

4Front Energy Solutions Inc

AdditionJul 2023Closed

$100K

CASTLE BUILDING & REMODELING INC

ResJun 2023Closed

A Johnson Plumbing Inc

ResMar 2022Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Audubon 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 width50 ft

Buildable depth85 ft

Area~4,262 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 4,262 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3001 LINCOLN ST N E MINNEAPOLIS MN 55418	J MERKENS & E MERKENS	RESIDENTIAL	$388,300	60 ft
3019 LINCOLN ST N E MINNEAPOLIS MN 55418	PAUL J ROZENDAAL	RESIDENTIAL	$320,300	70 ft
3010 JOHNSON ST N E MINNEAPOLIS MN 55418	COURTNI GONDREAU	RESIDENTIAL	$204,600	139 ft
3023 LINCOLN ST N E MINNEAPOLIS MN 55418	D R RIGNELL & K K RIGNELL	RESIDENTIAL	$361,400	140 ft
3006 JOHNSON ST N E MINNEAPOLIS MN 55418	TAYLOR LAMBERTY	RESIDENTIAL	$314,100	142 ft
3014 JOHNSON ST N E MINNEAPOLIS MN 55418	L A RAMIREZ & C RAMIREZ	RESIDENTIAL	$250,400	148 ft
3000 JOHNSON ST N E MINNEAPOLIS MN 55418	C SANGUINET & M DOWNEY	RESIDENTIAL	$282,200	155 ft
3018 JOHNSON ST N E MINNEAPOLIS MN 55418	BREANNA KAY LIEN	RESIDENTIAL	$306,400	166 ft
2959 LINCOLN ST N E MINNEAPOLIS MN 55418	DAVID SVEHLA	RESIDENTIAL	$299,800	169 ft
3022 JOHNSON ST N E MINNEAPOLIS MN 55418	RANDI J EMPANGER ET AL	RESIDENTIAL	$331,000	191 ft

Property History

Most Recent Sale

Date200901

Price$125,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,269