3500 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410174

Property Overview

Parcel ID0202824410174

Lot Size5,654 sq ft (0.130 ac)

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

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerEMILY FIGUEROA

Assessed Value$376,600

Land Value$85,000

Building Value$291,600

Annual Tax$5,897

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2022 · $6K total declared value · Most recent: Nov 2022 (remodel)

RemodelNov 2022Closed

$6K

BRS Field Ops, 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 rent1,384/mo

Renter-occupied31.1%

Median home value$271K

Vacancy rate4.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1097

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth6 ft

Area~2,737 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 2,737 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3504 18TH AVE S MINNEAPOLIS MN 55407	WAYNE O MARTINSON	RESIDENTIAL	$282,000	46 ft
3508 18TH AVE S MINNEAPOLIS MN 55407	DEBORAH A DUGAN	RESIDENTIAL	$334,600	92 ft
3448 18TH AVE S MINNEAPOLIS MN 55407	INTL CH OF FOURSQUARE GOSPEL	LAND-COMMERCIAL	$0	105 ft
3501 17TH AVE S MINNEAPOLIS MN 55407	INTL CH OF FOURSQUARE GOSPEL	LAND-COMMERCIAL	$0	134 ft
3512 18TH AVE S MINNEAPOLIS MN 55407	STAR POINT LLC	RESIDENTIAL	$234,200	138 ft
3505 17TH AVE S MINNEAPOLIS MN 55407	L A BERGIN & P J W RICHIE	RESIDENTIAL-TWO UNIT	$388,200	141 ft
3442 18TH AVE S MINNEAPOLIS MN 55407	STEPHANIE DIEKMANN	RESIDENTIAL-TWO UNIT	$349,100	151 ft
3509 17TH AVE S MINNEAPOLIS MN 55407	NDK INVESTMENTS LLC	APARTMENT	$544,000	162 ft
3449 17TH AVE S MINNEAPOLIS MN 55407	INTL CH OF FOURSQUARE GOSPEL	COMMERCIAL-PREFERRED	$0	171 ft
3516 18TH AVE S MINNEAPOLIS MN 55407	PEARSALL PROPERTIES LLC	APARTMENT	$537,000	183 ft

Property History

Most Recent Sale

Date199502

Price$77,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,897