3302 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140104

Property Overview

Parcel ID0202824140104

Lot Size6,087 sq ft (0.140 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerGERALDINE GAIR-LOPEZ

Assessed Value$191,000

Land Value$89,000

Building Value$102,000

Annual Tax$2,822

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 2019 · $42K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$20K

Viking Contractors LLC

ExistresJul 2023Closed

CENTERPOINT ENERGY

ExistresApr 2019Closed

Metro Heating & Cooling LLC

AccessoryMar 2019Closed

$22K

Geraldine Gair-Lopez

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 depth10 ft

Area~3,026 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 3,026 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3304 18TH AVE S MINNEAPOLIS MN 55407	FRED ROTH & LETICIA STABRINO	RESIDENTIAL-TWO UNIT	$303,800	50 ft
3308 18TH AVE S MINNEAPOLIS MN 55407	CMB PROPERTIES LLC	LOW INCOME RENTAL	$339,200	100 ft
1709 33RD ST E MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$159,400	100 ft
3244 18TH AVE S MINNEAPOLIS MN 55407	SEGUNDO L GONZALEZ CARANGUI	RESIDENTIAL-TWO UNIT	$235,100	105 ft
3305 17TH AVE S MINNEAPOLIS MN 55407	G M LARSON & V G HERBST	RESIDENTIAL-TWO UNIT	$303,600	145 ft
3310 18TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL-TWO UNIT	$434,700	149 ft
3240 18TH AVE S MINNEAPOLIS MN 55407	GWENDOLYN MARSHA VARGAS	RESIDENTIAL-TWO UNIT	$318,200	151 ft
3301 17TH AVE S MINNEAPOLIS MN 55407	MICHELLE MARIE NEY	RESIDENTIAL	$302,700	160 ft
3309 17TH AVE S MINNEAPOLIS MN 55407	MARK V & JAN E WISE	RESIDENTIAL	$278,800	170 ft
3245 17TH AVE S MINNEAPOLIS MN 55407	CONNOR LUND & AUTUMN NELSEN	RESIDENTIAL	$308,400	172 ft

Property History

Most Recent Sale

Date200905

Price$62,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,822