4000 18TH AVE S MINNEAPOLIS MN 55407

PID: 1102824140125

Property Overview

Parcel ID1102824140125

Lot Size5,143 sq ft (0.118 ac)

Lot Dimensions (est.)121 ft wide × 42 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerT NATWICK & F BURRUSS

Assessed Value$428,500

Land Value$102,000

Building Value$326,500

Annual Tax$6,496

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $138K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$12K

R & R Roofing INC

NewresDec 2019Closed

$6K

Super Heating and Cooling LLC

RemodelNov 2019Closed

$120K

MOSES RENOVATIONS, LLC

ResOct 2019Closed

Johnson Plumbing and Heating Co

ResJul 2019Closed

Warners Stellian Co Inc

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 width108 ft

Buildable depth2 ft

Area~2,390 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 2,390 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4004 18TH AVE S MINNEAPOLIS MN 55407	NANCY A PEDERSON	RESIDENTIAL-TWO UNIT	$420,600	48 ft
4010 18TH AVE S MINNEAPOLIS MN 55407	MARIE TIGELAAR	RESIDENTIAL-TWO UNIT	$361,200	102 ft
3948 18TH AVE S MINNEAPOLIS MN 55407	SAMUEL BRUNNER	RESIDENTIAL	$365,800	110 ft
4001 17TH AVE S MINNEAPOLIS MN 55407	JULIE KAY GROETHE	RESIDENTIAL	$276,900	135 ft
4005 17TH AVE S MINNEAPOLIS MN 55407	CHRISTOPHER D CRUST	RESIDENTIAL	$312,700	142 ft
3944 18TH AVE S MINNEAPOLIS MN 55407	LISA K KRAFTHEFER	RESIDENTIAL	$312,200	157 ft
4009 17TH AVE S MINNEAPOLIS MN 55407	A CALLANAN & J CALLANAN	RESIDENTIAL	$278,000	160 ft
4016 18TH AVE S MINNEAPOLIS MN 55407	DAMON LACEY/STEPHANIE LACEY	RESIDENTIAL	$374,800	162 ft
3951 17TH AVE S MINNEAPOLIS MN 55407	N E L PAUCAR	RESIDENTIAL	$258,900	174 ft
4001 18TH AVE S MINNEAPOLIS MN 55407	TARA LINDAHL	RESIDENTIAL	$277,700	181 ft

Property History

Most Recent Sale

Date202212

Price$515,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,496