3332 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140141

Property Overview

Parcel ID0202824140141

Lot Size6,089 sq ft (0.140 ac)

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

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerS B D LARSSON & M D LARSSON

Assessed Value$386,300

Land Value$89,000

Building Value$297,300

Annual Tax$6,080

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 2022 · $40K total declared value · Most recent: Apr 2025 (existres)

ExistresApr 2025Closed

ST PAUL PLUMBING AND HEATING CO INC

MiscSep 2023Closed

$26K

SELA ROOFING AND REMODELING INC

MiscFeb 2023Closed

$14K

SUSTAINABLE RESOURCES CENTER INC

ResMay 2022Closed

CenterPoint Energy Resource Corp

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
3328 18TH AVE S MINNEAPOLIS MN 55407	M E LEIERWOOD, G J LEIERWOOD	TRIPLEX	$367,800	50 ft
3338 18TH AVE S MINNEAPOLIS MN 55407	HOLLY JO VAN GULDEN	RESIDENTIAL	$301,400	55 ft
3324 18TH AVE S MINNEAPOLIS MN 55407	K C PETERSON JR/E M FORRESTE	RESIDENTIAL-TWO UNIT	$412,100	99 ft
1708 34TH ST E MINNEAPOLIS MN 55407	NORDEAST PARTNERS LLC	RESIDENTIAL-TWO UNIT	$301,600	107 ft
3333 17TH AVE S MINNEAPOLIS MN 55407	S A MORIARITY & C MACNABB	RESIDENTIAL-TWO UNIT	$398,700	135 ft
3329 17TH AVE S MINNEAPOLIS MN 55407	BRIAN PAUL LUND	RESIDENTIAL-TWO UNIT	$360,900	144 ft
3320 18TH AVE S MINNEAPOLIS MN 55407	MAILE SIEMON	RESIDENTIAL-TWO UNIT	$363,400	149 ft
3341 17TH AVE S MINNEAPOLIS MN 55407	MARIE A DENHOLM	TRIPLEX	$449,600	160 ft
3337 17TH AVE S MINNEAPOLIS MN 55407	ADAM SEXTON & KATE RODAHL	RESIDENTIAL	$132,600	166 ft
3337 18TH AVE S MINNEAPOLIS MN 55407	AANDRA ERIKSON	RESIDENTIAL	$232,400	167 ft

Property History

Most Recent Sale

Date201904

Price$303,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,080