3127 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824110101

Property Overview

Parcel ID0202824110101

Lot Size6,130 sq ft (0.141 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1885

Property ClassRESIDENTIAL-TWO UNIT

Owner3127 18TH AVE LLC

Assessed Value$306,000

Land Value$89,000

Building Value$217,000

Annual Tax$6,299

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Cultural District — East Lake StreetHigh

Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2022 · Most recent: Nov 2024 (res)

ResNov 2024Closed

Louie & Sons Plumbing Inc

ResMay 2022Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,294/mo

Renter-occupied49.3%

Median home value$287K

Vacancy rate4.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1086

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 width40 ft

Buildable depth83 ft

Area~3,302 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 3,302 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3123 18TH AVE S MINNEAPOLIS MN 55407	THOMAS N PHUNG	RESIDENTIAL	$227,400	50 ft
3131 18TH AVE S MINNEAPOLIS MN 55407	ARIENNE H MCKEE/JACK MCKEE	RESIDENTIAL	$299,800	50 ft
3117 18TH AVE S MINNEAPOLIS MN 55407	ELIZABETH DOMINGUEZ NIETO	RESIDENTIAL	$140,000	100 ft
3135 18TH AVE S MINNEAPOLIS MN 55407	MICHAEL A TEMPLETON	RESIDENTIAL	$350,900	100 ft
3126 CEDAR AVE S MINNEAPOLIS MN 55407	T R FRANCO & N M OLALDE	RESIDENTIAL	$302,600	136 ft
3115 18TH AVE S MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	RESIDENTIAL	$165,400	138 ft
3130 CEDAR AVE S MINNEAPOLIS MN 55407	STEPHEN F SEALS	RESIDENTIAL	$348,600	145 ft
3122 CEDAR AVE S MINNEAPOLIS MN 55407	MICAELA COLLAZO HERNANDEZ	RESIDENTIAL	$286,600	150 ft
3139 18TH AVE S MINNEAPOLIS MN 55407	JEFFREY B HERMAN	APARTMENT	$425,000	150 ft
3113 18TH AVE S MINNEAPOLIS MN 55407	EMILY G JACOBSEN & W W HENTZ	RESIDENTIAL	$235,900	163 ft

Property History

Most Recent Sale

Date200606

Price$245,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,299