3530 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410180

Property Overview

Parcel ID0202824410180

Lot Size11,309 sq ft (0.260 ac)

Lot Dimensions (est.)124 ft wide × 92 ft deep

Year Built1968

Property ClassAPARTMENT

Owner3530 TIC LLC

Assessed Value$1,279,000

Land Value$158,900

Building Value$1,120,100

Annual Tax$24,779

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2018 · $77K total declared value · Most recent: May 2025 (roofwind)

RoofwindMay 2025Inspection

$45K

MINT ROOFING

RoofwindFeb 2018Closed

$32K

BWE CONSTRUCTION CO

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width82 ft

Buildable depth83 ft

Area~6,809 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 6,809 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3520 18TH AVE S MINNEAPOLIS MN 55407	NUSTAR INVESTMENTS LLC	TRIPLEX	$419,200	69 ft
3532 18TH AVE S MINNEAPOLIS MN 55407	CHERYL L ZIEGELMAN	APARTMENT	$572,000	69 ft
3516 18TH AVE S MINNEAPOLIS MN 55407	PEARSALL PROPERTIES LLC	APARTMENT	$537,000	115 ft
3536 18TH AVE S MINNEAPOLIS MN 55407	L K STORDALEN/L A STORDALEN	RESIDENTIAL	$273,500	115 ft
3529 17TH AVE S MINNEAPOLIS MN 55407	DAVID W GARLAND	RESIDENTIAL	$217,700	135 ft
3525 17TH AVE S MINNEAPOLIS MN 55407	T H NGUYEN/A M MGUYEN-CISEK	RESIDENTIAL	$263,200	136 ft
3533 17TH AVE S MINNEAPOLIS MN 55407	DAVID SCOTT MILLER	RESIDENTIAL	$272,100	150 ft
3521 17TH AVE S MINNEAPOLIS MN 55407	ABIGAIL ROGOSHESKE	RESIDENTIAL-TWO UNIT	$440,100	151 ft
3512 18TH AVE S MINNEAPOLIS MN 55407	STAR POINT LLC	RESIDENTIAL	$234,200	160 ft
3540 18TH AVE S MINNEAPOLIS MN 55407	SYPHRENA LILLYSONG WATSON	RESIDENTIAL	$349,500	171 ft

Property History

Most Recent Sale

Date202210

Price$150,128

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$24,779