4053 18TH AVE S MINNEAPOLIS MN 55407

PID: 1102824140145

Property Overview

Parcel ID1102824140145

Lot Size3,605 sq ft (0.083 ac)

Lot Dimensions (est.)70 ft wide × 52 ft deep

Year Built1964

Property ClassRESIDENTIAL

OwnerERIC L SPRANKLE

Assessed Value$267,700

Land Value$83,000

Building Value$184,700

Annual Tax$3,814

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2016 · $43K total declared value · Most recent: Sep 2022 (misc)

MiscSep 2022Expired

$8K

Summit Installations LLC

MiscJul 2022Closed

$8K

KAUFMAN SHEET METAL ROOFING INC

ResDec 2021Closed

Master Plumbing Services LLC

MiscJul 2017Closed

$19K

J CARVER CONSTRUCTION INC

MiscDec 2016Closed

$8K

J CARVER CONSTRUCTION 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width57 ft

Buildable depth12 ft

Area~1,153 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 1,153 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4049 18TH AVE S MINNEAPOLIS MN 55407	B S PETERMEIER ET AL	RESIDENTIAL	$295,800	58 ft
1810 41ST ST E MINNEAPOLIS MN 55407	P HUTCHESON & E BOYUM	RESIDENTIAL	$186,700	61 ft
4041 18TH AVE S MINNEAPOLIS MN 55407	CAROLYN A SARKA	RESIDENTIAL	$286,000	101 ft
4101 18TH AVE S MINNEAPOLIS MN 55407	THOMAS G KING & JULIE KING	RESIDENTIAL	$276,100	117 ft
1809 41ST ST E MINNEAPOLIS MN 55407	MAU DUY LE ET AL	RESIDENTIAL	$197,500	133 ft
4052 18TH AVE S MINNEAPOLIS MN 55407	M T R MARTINEZ/R L MARTINEZ	RESIDENTIAL	$269,800	134 ft
4037 18TH AVE S MINNEAPOLIS MN 55407	JON A HEGGE & LAURA HEGGE	RESIDENTIAL	$337,100	140 ft
1818 41ST ST E MINNEAPOLIS MN 55407	CEDAR LAKE PROPERTIES LLC	APARTMENT	$667,000	161 ft
4048 18TH AVE S MINNEAPOLIS MN 55407	RHONDA CROKE	RESIDENTIAL	$268,200	166 ft
4107 18TH AVE S MINNEAPOLIS MN 55407	V OLIVEIRO/K QUISENBERRY	RESIDENTIAL	$222,800	171 ft

Property History

Most Recent Sale

Date201403

Price$179,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,814