3320 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140109

Property Overview

Parcel ID0202824140109

Lot Size6,088 sq ft (0.140 ac)

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

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

OwnerMAILE SIEMON

Assessed Value$363,400

Land Value$89,000

Building Value$274,400

Annual Tax$5,699

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2022 · $43K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Inspection

Bedrock Plumbing LLC

ExistresAug 2025Closed

Perfection Heating and Air Conditioning Inc

ExistresJul 2025Closed

Standard Heating and Air Conditioning Inc

RemodelJul 2025Final Inspection

$22K

Bedrock Restoration LLC

MiscJul 2024Closed

$21K

ESTATE CLAIM SERVICES LLC

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
3316 18TH AVE S MINNEAPOLIS MN 55407	K C BERGMAN & J J SCHILLER	RESIDENTIAL	$268,800	50 ft
3324 18TH AVE S MINNEAPOLIS MN 55407	K C PETERSON JR/E M FORRESTE	RESIDENTIAL-TWO UNIT	$412,100	50 ft
3328 18TH AVE S MINNEAPOLIS MN 55407	M E LEIERWOOD, G J LEIERWOOD	TRIPLEX	$367,800	99 ft
3310 18TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL-TWO UNIT	$434,700	100 ft
3321 17TH AVE S MINNEAPOLIS MN 55407	ELISE M KYLLO	RESIDENTIAL	$202,000	135 ft
3317 17TH AVE S MINNEAPOLIS MN 55407	FAITH H CHRISTENSEN ET AL	RESIDENTIAL	$254,600	144 ft
3325 17TH AVE S MINNEAPOLIS MN 55407	CARA M HUNN TRUST	RESIDENTIAL	$509,000	144 ft
3308 18TH AVE S MINNEAPOLIS MN 55407	CMB PROPERTIES LLC	LOW INCOME RENTAL	$339,200	149 ft
3332 18TH AVE S MINNEAPOLIS MN 55407	S B D LARSSON & M D LARSSON	RESIDENTIAL-TWO UNIT	$386,300	149 ft
3329 17TH AVE S MINNEAPOLIS MN 55407	BRIAN PAUL LUND	RESIDENTIAL-TWO UNIT	$360,900	167 ft

Property History

Most Recent Sale

Date201009

Price$154,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,699