2318 TAFT ST N E MINNEAPOLIS MN 55418

PID: 0702923320115

Property Overview

Parcel ID0702923320115

Lot Size6,676 sq ft (0.153 ac)

Lot Dimensions (est.)122 ft wide × 55 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerM M MURRAY & M W MURRAY

Assessed Value$449,400

Land Value$129,000

Building Value$320,400

Annual Tax$6,871

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $14K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Closed

$4K

Holmlund Masonry Inc

RemodelMay 2023Expired

$1K

Michael Murry

ExistresJun 2022Closed

CENTERPOINT ENERGY

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResJun 2018Closed

Water Heaters Now Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Windom Park · Minneapolis

Median reported rent1,181/mo

Renter-occupied31.9%

Median home value$356K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1012

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 width45 ft

Buildable depth81 ft

Area~3,669 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 3,669 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2322 TAFT ST N E MINNEAPOLIS MN 55418	R EVANS JR & B S EVANS	RESIDENTIAL	$542,000	54 ft
2314 TAFT ST N E MINNEAPOLIS MN 55418	JULIE ANN ALLEN	RESIDENTIAL	$426,000	55 ft
2326 TAFT ST N E MINNEAPOLIS MN 55418	THOMAS L BUDOLFSON ETAL	RESIDENTIAL	$386,700	109 ft
2310 TAFT ST N E MINNEAPOLIS MN 55418	JACK LANGER & SHELBY LANGER	RESIDENTIAL	$462,100	109 ft
2319 ROOSEVELT ST N E MINNEAPOLIS MN 55418	MICHAEL J FREDRIKSON	RESIDENTIAL	$309,000	136 ft
2323 ROOSEVELT ST N E MINNEAPOLIS MN 55418	MARY HELEN GAREY	RESIDENTIAL	$384,500	146 ft
2315 ROOSEVELT ST N E MINNEAPOLIS MN 55418	DANIEL A CHRISTIANS	RESIDENTIAL	$362,700	148 ft
2330 TAFT ST N E MINNEAPOLIS MN 55418	J M NELSON & S M HENDERSON	RESIDENTIAL	$420,200	163 ft
2306 TAFT ST N E MINNEAPOLIS MN 55418	MELISSA HEINEN & E HEINEN	RESIDENTIAL	$447,100	164 ft
2315 TAFT ST N E MINNEAPOLIS MN 55418	E J LILLESTOL/M E LILLESTOL	RESIDENTIAL	$551,700	173 ft

Property History

Most Recent Sale

Date202212

Price$417,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,871