3445 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410135

Property Overview

Parcel ID0202824410135

Lot Size5,622 sq ft (0.129 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1892

Property ClassRESIDENTIAL-TWO UNIT

OwnerLUIS A Q PINGUIL ET AL

Assessed Value$297,100

Land Value$97,000

Building Value$200,100

Annual Tax$5,621

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

3 permits on record since 2022 · $4K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Inspection

$4K

Luis Pinguil

ExistresJan 2024Closed

Dean's Professional Plumbing Inc

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 width35 ft

Buildable depth85 ft

Area~2,965 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 2,965 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3441 18TH AVE S MINNEAPOLIS MN 55407	J MCADAMS & A MCADAMS	RESIDENTIAL	$259,300	46 ft
3449 18TH AVE S MINNEAPOLIS MN 55407	LEO HEEGAARD LEGROS	RESIDENTIAL-TWO UNIT	$290,700	49 ft
1808 35TH ST E MINNEAPOLIS MN 55407	CITY/LAKES COMMUNITY LAND TR	—	$174,000	62 ft
3437 18TH AVE S MINNEAPOLIS MN 55407	P LEBARES & C LEBARES	RESIDENTIAL-TWO UNIT	$381,200	91 ft
3444 CEDAR AVE S MINNEAPOLIS MN 55407	CTW GROUP INCORPORATED	RESIDENTIAL	$252,400	135 ft
3433 18TH AVE S MINNEAPOLIS MN 55407	MARK R SCHULTZ	RESIDENTIAL	$236,200	136 ft
3442 CEDAR AVE S MINNEAPOLIS MN 55407	TITUS MHIRIPIRI	RESIDENTIAL	$200,500	139 ft
3448 CEDAR AVE S MINNEAPOLIS MN 55407	JACKSON P MAHAFFY	RESIDENTIAL-TWO UNIT	$265,700	143 ft
3501 18TH AVE S MINNEAPOLIS MN 55407	J A A LARA & H A HERRERA	RESIDENTIAL-TWO UNIT	$366,000	151 ft
3438 CEDAR AVE S MINNEAPOLIS MN 55407	JINNING QI	RESIDENTIAL-TWO UNIT	$302,300	157 ft

Property History

Most Recent Sale

Date202404

Price$440,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,621