3204 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140055

Property Overview

Parcel ID0202824140055

Lot Size6,240 sq ft (0.143 ac)

Lot Dimensions (est.)122 ft wide × 51 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerDAVID MORAWSKI

Assessed Value$340,300

Land Value$90,000

Building Value$250,300

Annual Tax$5,320

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 depth85 ft

Area~3,376 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 3,376 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
3200 18TH AVE S MINNEAPOLIS MN 55407	ANNE E THEURER	RESIDENTIAL	$373,900	50 ft
3210 18TH AVE S MINNEAPOLIS MN 55407	M C VESSEL & K LIEN	RESIDENTIAL	$298,800	51 ft
3212 18TH AVE S MINNEAPOLIS MN 55407	THOMAS G DICKINSON	RESIDENTIAL	$315,700	101 ft
3205 17TH AVE S MINNEAPOLIS MN 55407	TREVOR HUNT & BRANDON HUNT	RESIDENTIAL-TWO UNIT	$578,200	136 ft
3201 17TH AVE S MINNEAPOLIS MN 55407	M K K PIATT & K A PIATT	RESIDENTIAL	$427,100	144 ft
3209 17TH AVE S MINNEAPOLIS MN 55407	JANELLE RUTH HILAND	RESIDENTIAL	$227,800	145 ft
3216 18TH AVE S MINNEAPOLIS MN 55407	BURTON LIVING TRUST	RESIDENTIAL	$294,400	151 ft
3215 17TH AVE S MINNEAPOLIS MN 55407	BONNIE J HANNAH	RESIDENTIAL	$269,700	169 ft
3146 18TH AVE S MINNEAPOLIS MN 55407	TERRELL BELLFIELD	RESIDENTIAL-TWO UNIT	$424,800	177 ft
3205 18TH AVE S MINNEAPOLIS MN 55407	BYRON BOLIVAR BUNAY VIVAR	RESIDENTIAL-TWO UNIT	$290,100	182 ft

Property History

Most Recent Sale

Date201908

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,320