4507 18TH AVE S MINNEAPOLIS MN 55407

PID: 1102824440195

Property Overview

Parcel ID1102824440195

Lot Size5,893 sq ft (0.135 ac)

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

Year Built1927

Property ClassRESIDENTIAL

OwnerA G KAELIN & C M KAELIN

Assessed Value$425,900

Land Value$151,000

Building Value$274,900

Annual Tax$6,453

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $64K total declared value · Most recent: May 2019 (remodel)

RemodelMay 2019Closed

$4K

Stan Hanson Homes Inc

ResApr 2019Closed

Bruce Nelson Plumbing and Heating Service Inc

ExistresApr 2019Closed

APOLLO HEATING AND AIR

RemodelApr 2019Closed

$54K

ASPLUND SQUIRES CONSTRUCTION INC

RemodelMar 2017Closed

$6K

AMB CONSTRUCTION LLC

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

Neighborhood Profile

Northrop · Minneapolis

Median reported rent1,090/mo

Renter-occupied19.0%

Median home value$334K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 110

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~3,145 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 3,145 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4515 18TH AVE S MINNEAPOLIS MN 55407	M P LEVIN ET AL	RESIDENTIAL	$441,700	48 ft
4501 18TH AVE S MINNEAPOLIS MN 55407	DERRICK S & NANCY A N WOOD	RESIDENTIAL	$378,200	49 ft
4517 18TH AVE S MINNEAPOLIS MN 55407	TANYA J BAILEY	RESIDENTIAL	$458,000	96 ft
4508 CEDAR AVE S MINNEAPOLIS MN 55407	MICHELLE PENSHORN	RESIDENTIAL	$299,900	137 ft
4521 18TH AVE S MINNEAPOLIS MN 55407	M T MEYER & M P MEYER	RESIDENTIAL	$292,600	140 ft
4500 CEDAR AVE S MINNEAPOLIS MN 55407	ADRIENNE RAE DORN	RESIDENTIAL	$394,100	144 ft
4512 CEDAR AVE S MINNEAPOLIS MN 55407	SANNA DAWN PRESCOTT	RESIDENTIAL-TWO UNIT	$342,400	149 ft
4516 CEDAR AVE S MINNEAPOLIS MN 55407	ANDREW P WIER	RESIDENTIAL-TWO UNIT	$346,800	169 ft
4457 18TH AVE S MINNEAPOLIS MN 55407	SMAUSHAUS LLC	RESIDENTIAL	$470,900	179 ft
4508 18TH AVE S MINNEAPOLIS MN 55407	MAGGIE BETH ANDERSON	RESIDENTIAL	$355,600	183 ft

Property History

Most Recent Sale

Date200106

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,453