3428 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410154

Property Overview

Parcel ID0202824410154

Lot Size5,616 sq ft (0.129 ac)

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

Year Built1909

Property ClassRESIDENTIAL

OwnerHEIDI L BOUMA

Assessed Value$360,300

Land Value$97,000

Building Value$263,300

Annual Tax$5,625

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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~2,961 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 2,961 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
3432 18TH AVE S MINNEAPOLIS MN 55407	ROBERT RAUB II	RESIDENTIAL	$294,900	45 ft
3424 18TH AVE S MINNEAPOLIS MN 55407	R O GRANLUND & M R GRANLUND	RESIDENTIAL	$290,000	46 ft
3420 18TH AVE S MINNEAPOLIS MN 55407	JIMMIE HEAGS JR/CHERIE HEAGS	RESIDENTIAL	$310,000	91 ft
3436 18TH AVE S MINNEAPOLIS MN 55407	CAMILA V PANZA/MATIAS LEVIN	RESIDENTIAL	$312,300	91 ft
3429 17TH AVE S MINNEAPOLIS MN 55407	JESSE GIBBS	RESIDENTIAL-TWO UNIT	$340,400	134 ft
3416 18TH AVE S MINNEAPOLIS MN 55407	GLORIA E BUSBEY	RESIDENTIAL	$235,000	136 ft
3440 18TH AVE S MINNEAPOLIS MN 55407	JOHN J MCDOUGALL	APARTMENT	$447,000	136 ft
3433 17TH AVE S MINNEAPOLIS MN 55407	DAN A SORENSON	RESIDENTIAL	$313,600	141 ft
3425 17TH AVE S MINNEAPOLIS MN 55407	KASEY L ROSS	RESIDENTIAL	$221,900	142 ft
3437 17TH AVE S MINNEAPOLIS MN 55407	ANDREW JAMES FRANCIS	RESIDENTIAL-TWO UNIT	$422,900	161 ft

Property History

Most Recent Sale

Date202101

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,625