501 18TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924340122

Property Overview

Parcel ID1102924340122

Lot Size8,253 sq ft (0.189 ac)

Lot Dimensions (est.)329 ft wide × 25 ft deep

Year Built0

Property ClassVACANT LAND-RESIDENTIAL

OwnerN P RY CO

Assessed Value$83,000

Land Value$83,000

Building Value$0

Annual Tax$1,577

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,204/mo

Renter-occupied56.0%

Median home value$293K

Vacancy rate8.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1018

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 width319 ft

Buildable depth0 ft

Area~4,355 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 4,355 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1804 6TH ST N E MINNEAPOLIS MN 55418	TRACY J WHARTMAN	RESIDENTIAL	$397,100	92 ft
1809 5TH ST N E MINNEAPOLIS MN 55418	J I WATT & E M HARTNETT	RESIDENTIAL	$399,800	99 ft
1808 6TH ST N E MINNEAPOLIS MN 55418	JORY GUBERNIK & B MITCHELL	RESIDENTIAL	$496,700	128 ft
1730 6TH ST N E MINNEAPOLIS MN 55413	KARL ABRAHAM KEYZER	RESIDENTIAL	$446,600	131 ft
1815 5TH ST N E MINNEAPOLIS MN 55418	EMILY S MA & RICHARD J JODTS	RESIDENTIAL	$387,500	150 ft
1731 5TH ST N E MINNEAPOLIS MN 55413	ANN GEYEN & JED STAACK	RESIDENTIAL	$438,300	175 ft
1812 6TH ST N E MINNEAPOLIS MN 55418	GREGOR SUZUKIDA	RESIDENTIAL	$353,400	179 ft
1724 6TH ST N E MINNEAPOLIS MN 55413	SIX STREET LLC	APARTMENT	$940,000	191 ft
1819 5TH ST N E MINNEAPOLIS MN 55418	DANIEL BRAAK REVOCABLET TR	RESIDENTIAL	$465,300	206 ft
1720 6TH ST N E MINNEAPOLIS MN 55413	P R NOVAK & C MARRINAN	RESIDENTIAL	$308,800	222 ft

Property History

Current Tax Year

Year2026

Tax Due$1,577