637 19TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924430086

Property Overview

Parcel ID1102924430086

Lot Size4,926 sq ft (0.113 ac)

Lot Dimensions (est.)42 ft wide × 119 ft deep

Year Built1999

Property ClassRESIDENTIAL

OwnerRYTHMIA LLC

Assessed Value$388,800

Land Value$100,000

Building Value$288,800

Annual Tax$6,240

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 2020 · Most recent: Aug 2020 (res)

ResAug 2020Closed

Norblom Plumbing Co

ExistresAug 2020Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

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 width31 ft

Buildable depth80 ft

Area~2,485 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 2,485 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
639 19TH AVE N E MINNEAPOLIS MN 55418	ROGER L JOHNSON TRUST	RESIDENTIAL-TWO UNIT	$314,400	41 ft
635 19TH AVE N E MINNEAPOLIS MN 55418	MONTGOMERY WATERS	RESIDENTIAL	$262,300	41 ft
641 19TH AVE N E MINNEAPOLIS MN 55418	LYNN FORESTER BARBEAU	RESIDENTIAL	$231,100	82 ft
631 19TH AVE N E MINNEAPOLIS MN 55418	ANTONY C CRANE/SARAH CLOWES	RESIDENTIAL-TWO UNIT	$303,200	82 ft
1915 WASHINGTON ST N E MINNEAPOLIS MN 55418	JACOB MUSIC	RESIDENTIAL	$338,000	99 ft
645 19TH AVE N E MINNEAPOLIS MN 55418	BROCK L THORSON	RESIDENTIAL-TWO UNIT	$321,200	123 ft
1919 WASHINGTON ST N E MINNEAPOLIS MN 55418	I M M CABRERA & J A SINCHI	RESIDENTIAL-TWO UNIT	$199,600	141 ft
649 19TH AVE N E MINNEAPOLIS MN 55418	KATHRYN FORSLIN/LYNN FORSLIN	RESIDENTIAL-TWO UNIT	$284,200	164 ft
636 19TH AVE N E MINNEAPOLIS MN 55418	ZEMIEN LIVING TRUST	RESIDENTIAL	$226,100	175 ft
1914 JEFFERSON ST N E MINNEAPOLIS MN 55418	JOHN A BEERS & WIFE	RESIDENTIAL	$187,600	176 ft

Property History

Most Recent Sale

Date202001

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,240