3047 LINCOLN ST N E MINNEAPOLIS MN 55418

PID: 0102924340022

Property Overview

Parcel ID0102924340022

Lot Size5,007 sq ft (0.115 ac)

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

Year Built1911

Property ClassRESIDENTIAL

OwnerERIK J TATE

Assessed Value$289,200

Land Value$108,000

Building Value$181,200

Annual Tax$4,189

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · Most recent: Aug 2025 (existres)

ExistresAug 2025Inspection

Standard Heating and Air Conditioning Inc

ExistresOct 2024Expired

Standard Heating and Air Conditioning Inc

ResApr 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

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 depth0 ft

Area~2,299 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,299 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
3043 LINCOLN ST N E MINNEAPOLIS MN 55418	JULIA M REIERSGORD	RESIDENTIAL	$227,300	40 ft
3049 LINCOLN ST N E MINNEAPOLIS MN 55418	NATHAN CHOMILO/JENNY CHOMILO	RESIDENTIAL	$406,000	40 ft
3039 LINCOLN ST N E MINNEAPOLIS MN 55418	FORSETH P LARKIN	RESIDENTIAL	$342,700	100 ft
3046 JOHNSON ST N E MINNEAPOLIS MN 55418	B N MORRISON & E M MORRISON	RESIDENTIAL	$393,800	139 ft
3042 JOHNSON ST N E MINNEAPOLIS MN 55418	CALEB THEODROS	RESIDENTIAL	$197,000	144 ft
1516 ST ANTHONY PKWY MINNEAPOLIS MN 55418	HONGTAO ZHU	RESIDENTIAL-TWO UNIT	$376,400	145 ft
3038 JOHNSON ST N E MINNEAPOLIS MN 55418	DAVID ROBINS	RESIDENTIAL	$270,800	160 ft
3031 LINCOLN ST N E MINNEAPOLIS MN 55418	JOHN D OLSON	RESIDENTIAL	$237,800	170 ft
3034 JOHNSON ST N E MINNEAPOLIS MN 55418	JENNIFER A BENNINGTON ET AL	RESIDENTIAL	$273,800	183 ft
3046 LINCOLN ST N E MINNEAPOLIS MN 55418	K E WYNN & D A WYNN	RESIDENTIAL	$381,600	191 ft

Property History

Most Recent Sale

Date201202

Price$145,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,189