4501 18TH AVE S MINNEAPOLIS MN 55407

PID: 1102824440196

Property Overview

Parcel ID1102824440196

Lot Size5,999 sq ft (0.138 ac)

Lot Dimensions (est.)123 ft wide × 49 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerDERRICK S & NANCY A N WOOD

Assessed Value$378,200

Land Value$152,000

Building Value$226,200

Annual Tax$5,658

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $10K total declared value · Most recent: Feb 2026 (misc)

MiscFeb 2026Closed

$10K

RENEWAL BY ANDERSEN CORP

ResOct 2017Closed

Urban Pine Plumbing and Mechanical Inc

ExistresOct 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

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

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 depth9 ft

Area~2,968 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 2,968 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4507 18TH AVE S MINNEAPOLIS MN 55407	A G KAELIN & C M KAELIN	RESIDENTIAL	$425,900	49 ft
4515 18TH AVE S MINNEAPOLIS MN 55407	M P LEVIN ET AL	RESIDENTIAL	$441,700	96 ft
4457 18TH AVE S MINNEAPOLIS MN 55407	SMAUSHAUS LLC	RESIDENTIAL	$470,900	131 ft
4500 CEDAR AVE S MINNEAPOLIS MN 55407	ADRIENNE RAE DORN	RESIDENTIAL	$394,100	137 ft
4517 18TH AVE S MINNEAPOLIS MN 55407	TANYA J BAILEY	RESIDENTIAL	$458,000	144 ft
4508 CEDAR AVE S MINNEAPOLIS MN 55407	MICHELLE PENSHORN	RESIDENTIAL	$299,900	149 ft
4512 CEDAR AVE S MINNEAPOLIS MN 55407	SANNA DAWN PRESCOTT	RESIDENTIAL-TWO UNIT	$342,400	174 ft
4456 CEDAR AVE S MINNEAPOLIS MN 55407	EDWARD C UKATU/HOPE C UKATU	RESIDENTIAL-TWO UNIT	$452,200	176 ft
4500 18TH AVE S MINNEAPOLIS MN 55407	ERIIKA ETSHOKIN	RESIDENTIAL	$428,900	182 ft
4521 18TH AVE S MINNEAPOLIS MN 55407	M T MEYER & M P MEYER	RESIDENTIAL	$292,600	189 ft

Property History

Current Tax Year

Year2026

Tax Due$5,658