3221 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140072

Property Overview

Parcel ID0202824140072

Lot Size6,123 sq ft (0.141 ac)

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

Year Built1897

Property ClassRESIDENTIAL-TWO UNIT

OwnerNAME UNAVAILABLE

Assessed Value$357,000

Land Value$89,000

Building Value$268,000

Annual Tax$5,304

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

4 permits on record since 2018 · $18K total declared value · Most recent: Jan 2023 (res)

ResJan 2023Closed

Master Plumbing Services LLC

ResOct 2022Closed

Warners Stellian Co Inc

AdditionNov 2018Closed

$2K

Randy Moon

MiscOct 2018Closed

$16K

TIM DOEGE

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

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 depth82 ft

Area~3,297 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 3,297 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
3219 18TH AVE S MINNEAPOLIS MN 55407	V SIEGEL / I R SPECKTOR	RESIDENTIAL-TWO UNIT	$295,400	46 ft
3225 18TH AVE S MINNEAPOLIS MN 55407	J M KELLER & M E KELLER	RESIDENTIAL	$369,900	54 ft
3213 18TH AVE S MINNEAPOLIS MN 55407	TEODORO ABELARDO AGUILAR	RESIDENTIAL	$226,300	92 ft
3229 18TH AVE S MINNEAPOLIS MN 55407	J E HEEMSTRA & L K HEEMSTRA	RESIDENTIAL	$352,400	108 ft
3211 18TH AVE S MINNEAPOLIS MN 55407	C A BARRICK & K M WILSON	RESIDENTIAL	$289,900	134 ft
3220 CEDAR AVE S MINNEAPOLIS MN 55407	S J WATERS & R PANTZER	RESIDENTIAL	$276,600	137 ft
3216 CEDAR AVE S MINNEAPOLIS MN 55407	T J PULKRABEK & B PULKRABEK	RESIDENTIAL	$355,500	143 ft
3224 CEDAR AVE S MINNEAPOLIS MN 55407	A HASSAN & F I ADEN	RESIDENTIAL	$344,000	148 ft
3233 18TH AVE S MINNEAPOLIS MN 55407	P A MANN & R N REBER	RESIDENTIAL	$288,100	158 ft
3212 CEDAR AVE S MINNEAPOLIS MN 55407	LISA ANN FRANEK	RESIDENTIAL-TWO UNIT	$312,600	164 ft

Property History

Most Recent Sale

Date201910

Price$324,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,304