3316 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140108

Property Overview

Parcel ID0202824140108

Lot Size6,088 sq ft (0.140 ac)

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

Year Built1906

Property ClassRESIDENTIAL

OwnerK C BERGMAN & J J SCHILLER

Assessed Value$268,800

Land Value$89,000

Building Value$179,800

Annual Tax$4,120

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

2 permits on record since 2022 · $20K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Closed

$20K

Archcraft Exteriors LLC

ResMay 2022Closed

CenterPoint Energy Resource Corp

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~3,274 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 3,274 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
3310 18TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL-TWO UNIT	$434,700	50 ft
3320 18TH AVE S MINNEAPOLIS MN 55407	MAILE SIEMON	RESIDENTIAL-TWO UNIT	$363,400	50 ft
3308 18TH AVE S MINNEAPOLIS MN 55407	CMB PROPERTIES LLC	LOW INCOME RENTAL	$339,200	99 ft
3324 18TH AVE S MINNEAPOLIS MN 55407	K C PETERSON JR/E M FORRESTE	RESIDENTIAL-TWO UNIT	$412,100	100 ft
3317 17TH AVE S MINNEAPOLIS MN 55407	FAITH H CHRISTENSEN ET AL	RESIDENTIAL	$254,600	135 ft
3321 17TH AVE S MINNEAPOLIS MN 55407	ELISE M KYLLO	RESIDENTIAL	$202,000	144 ft
3315 17TH AVE S MINNEAPOLIS MN 55407	MARK V WISE/JAN E NYLANDER	RESIDENTIAL	$302,200	144 ft
3328 18TH AVE S MINNEAPOLIS MN 55407	M E LEIERWOOD, G J LEIERWOOD	TRIPLEX	$367,800	149 ft
3304 18TH AVE S MINNEAPOLIS MN 55407	FRED ROTH & LETICIA STABRINO	RESIDENTIAL-TWO UNIT	$303,800	149 ft
3309 17TH AVE S MINNEAPOLIS MN 55407	MARK V & JAN E WISE	RESIDENTIAL	$278,800	166 ft

Property History

Most Recent Sale

Date202010

Price$258,425

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,120