3244 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140097

Property Overview

Parcel ID0202824140097

Lot Size5,067 sq ft (0.116 ac)

Lot Dimensions (est.)122 ft wide × 41 ft deep

Year Built1889

Property ClassRESIDENTIAL-TWO UNIT

OwnerSEGUNDO L GONZALEZ CARANGUI

Assessed Value$235,100

Land Value$82,000

Building Value$153,100

Annual Tax$4,448

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

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 depth1 ft

Area~2,340 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 2,340 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
3240 18TH AVE S MINNEAPOLIS MN 55407	GWENDOLYN MARSHA VARGAS	RESIDENTIAL-TWO UNIT	$318,200	46 ft
3236 18TH AVE S MINNEAPOLIS MN 55407	BRANDEN ADAMS	RESIDENTIAL-TWO UNIT	$462,000	96 ft
3302 18TH AVE S MINNEAPOLIS MN 55407	GERALDINE GAIR-LOPEZ	RESIDENTIAL	$191,000	105 ft
3245 17TH AVE S MINNEAPOLIS MN 55407	CONNOR LUND & AUTUMN NELSEN	RESIDENTIAL	$308,400	136 ft
3241 17TH AVE S MINNEAPOLIS MN 55407	W & B MEANS	RESIDENTIAL	$267,200	143 ft
1709 33RD ST E MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$159,400	145 ft
3232 18TH AVE S MINNEAPOLIS MN 55407	T BAILEY III & E M BAILEY TR	RESIDENTIAL	$356,900	146 ft
3304 18TH AVE S MINNEAPOLIS MN 55407	FRED ROTH & LETICIA STABRINO	RESIDENTIAL-TWO UNIT	$303,800	155 ft
3237 17TH AVE S MINNEAPOLIS MN 55407	3237 17TH AVE LLC	RESIDENTIAL-TWO UNIT	$438,200	166 ft
3243 18TH AVE S MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$212,400	182 ft

Property History

Most Recent Sale

Date202501

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,448