3308 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140106

Property Overview

Parcel ID0202824140106

Lot Size6,088 sq ft (0.140 ac)

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

Year Built1900

Property ClassLOW INCOME RENTAL

OwnerCMB PROPERTIES LLC

Assessed Value$339,200

Land Value$89,000

Building Value$250,200

Annual Tax$1,595

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

1 permit on record since 2019 · Most recent: May 2019 (existres)

ExistresMay 2019Closed

Standard Heating and Air Conditioning 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth82 ft

Area~3,273 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 3,273 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
3304 18TH AVE S MINNEAPOLIS MN 55407	FRED ROTH & LETICIA STABRINO	RESIDENTIAL-TWO UNIT	$303,800	50 ft
3310 18TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL-TWO UNIT	$434,700	50 ft
3316 18TH AVE S MINNEAPOLIS MN 55407	K C BERGMAN & J J SCHILLER	RESIDENTIAL	$268,800	99 ft
3302 18TH AVE S MINNEAPOLIS MN 55407	GERALDINE GAIR-LOPEZ	RESIDENTIAL	$191,000	100 ft
3309 17TH AVE S MINNEAPOLIS MN 55407	MARK V & JAN E WISE	RESIDENTIAL	$278,800	136 ft
1709 33RD ST E MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$159,400	141 ft
3305 17TH AVE S MINNEAPOLIS MN 55407	G M LARSON & V G HERBST	RESIDENTIAL-TWO UNIT	$303,600	143 ft
3315 17TH AVE S MINNEAPOLIS MN 55407	MARK V WISE/JAN E NYLANDER	RESIDENTIAL	$302,200	144 ft
3320 18TH AVE S MINNEAPOLIS MN 55407	MAILE SIEMON	RESIDENTIAL-TWO UNIT	$363,400	149 ft
3317 17TH AVE S MINNEAPOLIS MN 55407	FAITH H CHRISTENSEN ET AL	RESIDENTIAL	$254,600	168 ft

Property History

Most Recent Sale

Date200211

Price$141,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,595