3201 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140078

Property Overview

Parcel ID0202824140078

Lot Size5,510 sq ft (0.126 ac)

Lot Dimensions (est.)122 ft wide × 45 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerT N LONERGAN REV TR ET AL

Assessed Value$304,000

Land Value$86,000

Building Value$218,000

Annual Tax$4,680

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

7 permits on record since 2021 · $99K total declared value · Most recent: Feb 2023 (res)

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ResJul 2022Closed

Warners Stellian Co Inc

RemodelMay 2022Closed

$55K

Springline Builders Inc

ResApr 2022Closed

NOWTHEN PLUMBING INC

ExistresSep 2021Closed

Select Mechanical Services Inc

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

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 width109 ft

Buildable depth5 ft

Area~2,638 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 2,638 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3205 18TH AVE S MINNEAPOLIS MN 55407	BYRON BOLIVAR BUNAY VIVAR	RESIDENTIAL-TWO UNIT	$290,100	40 ft
3209 18TH AVE S MINNEAPOLIS MN 55407	L M GEDI & Z A S MOHAMUD	RESIDENTIAL	$446,300	75 ft
3211 18TH AVE S MINNEAPOLIS MN 55407	C A BARRICK & K M WILSON	RESIDENTIAL	$289,900	110 ft
3147 18TH AVE S MINNEAPOLIS MN 55407	J & R VALTIERREZ	RESIDENTIAL-TWO UNIT	$347,900	125 ft
3200 CEDAR AVE S MINNEAPOLIS MN 55407	LARRY L FRUETEL	RESIDENTIAL-TWO UNIT	$328,300	136 ft
3204 CEDAR AVE S MINNEAPOLIS MN 55407	THOMAS M JOHNSON	RESIDENTIAL-TWO UNIT	$272,800	146 ft
3213 18TH AVE S MINNEAPOLIS MN 55407	TEODORO ABELARDO AGUILAR	RESIDENTIAL	$226,300	152 ft
3208 CEDAR AVE S MINNEAPOLIS MN 55407	RONALD W PETERSON	RESIDENTIAL	$308,100	170 ft
3143 18TH AVE S MINNEAPOLIS MN 55407	BERNABE LOPEZ DUARTE	RESIDENTIAL	$222,500	171 ft
3200 18TH AVE S MINNEAPOLIS MN 55407	ANNE E THEURER	RESIDENTIAL	$373,900	182 ft

Property History

Most Recent Sale

Date200206

Price$174,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,680