3309 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140126

Property Overview

Parcel ID0202824140126

Lot Size6,106 sq ft (0.140 ac)

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

Year Built1905

Property ClassRESIDENTIAL

OwnerCLIFFORD D ABBOTT TRUST

Assessed Value$343,000

Land Value$89,000

Building Value$254,000

Annual Tax$951

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

5 permits on record since 2021 · $14K total declared value · Most recent: Feb 2026 (existres)

ExistresFeb 2026Inspection

Northern One Hour Heating & Air Conditioning, Inc

ResJul 2024Expired

Urban Pine Plumbing and Mechanical Inc

RemodelApr 2022Closed

$8K

Minnesota Rusco Inc

ResApr 2022Closed

Minnesota Rusco Inc

MiscDec 2021Closed

$6K

Minnesota Rusco 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~3,286 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 3,286 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
3315 18TH AVE S MINNEAPOLIS MN 55407	ERIN FLAVIN/JAMES LEONARDO	RESIDENTIAL	$343,500	50 ft
3305 18TH AVE S MINNEAPOLIS MN 55407	DAVID J TAPELT	RESIDENTIAL-TWO UNIT	$304,200	50 ft
3319 18TH AVE S MINNEAPOLIS MN 55407	NOLAN K VENKATRATHNAM ET AL	RESIDENTIAL	$393,800	100 ft
3303 18TH AVE S MINNEAPOLIS MN 55407	M BOOTH & T BARTELL	RESIDENTIAL-TWO UNIT	$356,200	100 ft
3308 CEDAR AVE S MINNEAPOLIS MN 55407	LEO S DAHL	RESIDENTIAL	$252,100	136 ft
3304 CEDAR AVE S MINNEAPOLIS MN 55407	ANTONIO ALMANZA	RESIDENTIAL-TWO UNIT	$272,900	145 ft
3312 CEDAR AVE S MINNEAPOLIS MN 55407	LINDA JENSEN & KEVIN O'GRADY	RESIDENTIAL	$288,700	145 ft
3321 18TH AVE S MINNEAPOLIS MN 55407	P W HANSEL & L C HANSEL	RESIDENTIAL	$388,700	150 ft
3300 CEDAR AVE S MINNEAPOLIS MN 55407	LAURA BURLIS	RESIDENTIAL-TWO UNIT	$280,100	169 ft
3316 CEDAR AVE S MINNEAPOLIS MN 55407	LUIS E L QUIZHPI ET AL	RESIDENTIAL	$265,000	169 ft

Property History

Current Tax Year

Year2026

Tax Due$951