3948 18TH AVE S MINNEAPOLIS MN 55407

PID: 1102824110196

Property Overview

Parcel ID1102824110196

Lot Size5,673 sq ft (0.130 ac)

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

Year Built1909

Property ClassRESIDENTIAL

OwnerSAMUEL BRUNNER

Assessed Value$365,800

Land Value$107,000

Building Value$258,800

Annual Tax$5,641

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $18K total declared value · Most recent: Oct 2024 (existres)

ExistresOct 2024Closed

Northern One Hour Heating & Air Conditioning, Inc

MiscNov 2023Closed

$18K

CAPITAL CONSTRUCTION LLC

ResApr 2022Closed

SODERLIN PLUMBING HEATING AND AIR

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

Neighborhood Profile

Bancroft · Minneapolis

Median reported rent1,159/mo

Renter-occupied26.1%

Median home value$309K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1101

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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~2,748 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 sfr / adu benchmarks for 2,748 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3944 18TH AVE S MINNEAPOLIS MN 55407	LISA K KRAFTHEFER	RESIDENTIAL	$312,200	46 ft
3940 18TH AVE S MINNEAPOLIS MN 55407	A D GREGORY & J J GREGORY	RESIDENTIAL	$324,500	92 ft
4000 18TH AVE S MINNEAPOLIS MN 55407	T NATWICK & F BURRUSS	RESIDENTIAL	$428,500	110 ft
3951 17TH AVE S MINNEAPOLIS MN 55407	N E L PAUCAR	RESIDENTIAL	$258,900	135 ft
3936 18TH AVE S MINNEAPOLIS MN 55407	M MCCRADY-HUEHN & A HUEHN	RESIDENTIAL	$311,000	139 ft
3947 17TH AVE S MINNEAPOLIS MN 55407	M C FETTER & S J MALLERY	RESIDENTIAL	$320,100	141 ft
3943 17TH AVE S MINNEAPOLIS MN 55407	C W OLSON & J L OLSON	RESIDENTIAL	$242,600	157 ft
4004 18TH AVE S MINNEAPOLIS MN 55407	NANCY A PEDERSON	RESIDENTIAL-TWO UNIT	$420,600	158 ft
4001 17TH AVE S MINNEAPOLIS MN 55407	JULIE KAY GROETHE	RESIDENTIAL	$276,900	173 ft
3939 17TH AVE S MINNEAPOLIS MN 55407	NANCY & ERIK ANDERSON	RESIDENTIAL	$274,800	181 ft

Property History

Most Recent Sale

Date201803

Price$355,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,641