508 20TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924340163

Property Overview

Parcel ID1102924340163

Lot Size6,605 sq ft (0.152 ac)

Lot Dimensions (est.)61 ft wide × 109 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerKEVIN L JOHNSON

Assessed Value$325,500

Land Value$133,000

Building Value$192,500

Annual Tax$4,796

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

2 permits on record since 2022 · $6K total declared value · Most recent: May 2024 (addition)

AdditionMay 2024Expired

$6K

Kevin L Johnson

ResApr 2022Closed

CenterPoint Energy Resource Corp

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

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 width50 ft

Buildable depth70 ft

Area~3,505 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 3,505 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
514 20TH AVE N E MINNEAPOLIS MN 55418	JANET LEA HARRIS	RESIDENTIAL	$241,900	60 ft
1927 5TH ST N E MINNEAPOLIS MN 55418	RALPH W WINKELMEYERET AL	RESIDENTIAL-TWO UNIT	$419,800	80 ft
1923 5TH ST N E MINNEAPOLIS MN 55418	DUNFISH LLC	RESIDENTIAL-TWO UNIT	$309,300	80 ft
1919 5TH ST N E MINNEAPOLIS MN 55418	MEYER LIVING TRUST	RESIDENTIAL-TWO UNIT	$370,500	91 ft
524 20TH AVE N E MINNEAPOLIS MN 55418	REMI CROSETTI	RESIDENTIAL	$333,100	120 ft
1913 5TH ST N E MINNEAPOLIS MN 55418	D J HOCKER & K K HOCKER	RESIDENTIAL-TWO UNIT	$391,500	143 ft
2001 5TH ST N E MINNEAPOLIS MN 55418	STANLEY D HAWTHORNE	RESIDENTIAL-TWO UNIT	$334,100	147 ft
1918 6TH ST N E MINNEAPOLIS MN 55418	CHASE WEMBER & SARAH WEMBER	RESIDENTIAL	$448,700	152 ft
1912 6TH ST N E MINNEAPOLIS MN 55418	JOHN W ANDRUS	RESIDENTIAL	$198,900	178 ft
528 20TH AVE N E MINNEAPOLIS MN 55418	KATHERINE DENISE JOHNSON	RESIDENTIAL-TWO UNIT	$330,700	180 ft

Property History

Most Recent Sale

Date202306

Price$343,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,796