3615 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440024

Property Overview

Parcel ID0202824440024

Lot Size5,924 sq ft (0.136 ac)

Lot Dimensions (est.)123 ft wide × 48 ft deep

Year Built1917

Property ClassAPARTMENT

OwnerCATERINA LOPESIO TRUST

Assessed Value$454,000

Land Value$83,100

Building Value$370,900

Annual Tax$8,895

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

No permits found in Minneapolis open data for this parcel.

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 width38 ft

Buildable depth83 ft

Area~3,169 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 3,169 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
3621 18TH AVE S MINNEAPOLIS MN 55407	BRADLEY AUSTIN REINSTEDLER	RESIDENTIAL	$367,900	44 ft
3613 18TH AVE S MINNEAPOLIS MN 55407	B KARBAN & C MELANDER	RESIDENTIAL	$260,900	44 ft
3625 18TH AVE S MINNEAPOLIS MN 55407	GERIANNE SALONE NIENOW	RESIDENTIAL	$324,300	84 ft
3609 18TH AVE S MINNEAPOLIS MN 55407	Y RUSMAN & R HANDARUMSARI TR	RESIDENTIAL	$315,800	84 ft
3629 18TH AVE S MINNEAPOLIS MN 55407	HEATHER HAUCK & EDWARD HAUCK	RESIDENTIAL	$276,100	124 ft
3605 18TH AVE S MINNEAPOLIS MN 55407	S J SINGH & P K SINGH	RESIDENTIAL-TWO UNIT	$391,800	136 ft
3616 CEDAR AVE S MINNEAPOLIS MN 55407	JOHN ARENDT TRUST	COMMERCIAL-PREFERRED	$570,000	136 ft
3620 CEDAR AVE S MINNEAPOLIS MN 55407	HASSAN M F ABDO & S HASSAN	RESIDENTIAL	$236,100	142 ft
3624 CEDAR AVE S MINNEAPOLIS MN 55407	QUINN ALAN JORGENSON	RESIDENTIAL	$278,200	160 ft
3633 18TH AVE S MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	164 ft

Property History

Most Recent Sale

Date201108

Price$300,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$8,895