816 18 1/2 AVE N E MINNEAPOLIS MN 55418

PID: 1102924440186

Property Overview

Parcel ID1102924440186

Lot Size3,395 sq ft (0.078 ac)

Lot Dimensions (est.)40 ft wide × 84 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerTAI HON L L C

Assessed Value$329,200

Land Value$94,000

Building Value$235,200

Annual Tax$5,254

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

4 permits on record since 2017 · $30K total declared value · Most recent: Feb 2021 (res)

ResFeb 2021Closed

CenterPoint Energy Resource Corp

ExistresMay 2017Closed

PMR Mechanical, Inc.

ResApr 2017Closed

DEN-MARK PLUMBING INC

RemodelMar 2017Closed

$30K

SIMPLIFIED HOUSING SOLUTIONS

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

Neighborhood Profile

Logan Park · Minneapolis

Median reported rent647/mo

Renter-occupied60.8%

Median home value$341K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1025

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 width30 ft

Buildable depth45 ft

Area~1,348 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 1,348 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
812 18 1/2 AVE N E MINNEAPOLIS MN 55418	N D CARLSON/Z J CARLSON ETAL	RESIDENTIAL-TWO UNIT	$352,800	48 ft
820 18 1/2 AVE N E MINNEAPOLIS MN 55418	DYLAN M JOHNSON	RESIDENTIAL	$334,900	63 ft
1819 QUINCY ST N E MINNEAPOLIS MN 55418	TIMOTHY J BRICK	RESIDENTIAL	$298,000	95 ft
824 18 1/2 AVE N E MINNEAPOLIS MN 55418	ANDREW P MCLAURIN	RESIDENTIAL-TWO UNIT	$304,100	107 ft
1823 QUINCY ST N E MINNEAPOLIS MN 55418	LEGACY WEALTH INVESTMNTS LLC	RESIDENTIAL-TWO UNIT	$326,400	118 ft
1815 QUINCY ST N E MINNEAPOLIS MN 55418	MICHAEL H ALSTRUP	RESIDENTIAL	$229,000	128 ft
826 18 1/2 AVE N E MINNEAPOLIS MN 55418	KEITH DAVID REICH	RESIDENTIAL	$186,300	143 ft
1816 JACKSON ST N E MINNEAPOLIS MN 55418	NORTHRN LGTS INVST HLDGS LLC	RESIDENTIAL-TWO UNIT	$415,500	144 ft
815 18 1/2 AVE N E MINNEAPOLIS MN 55418	JULIE WASHBURN	RESIDENTIAL	$199,400	147 ft
819 18 1/2 AVE N E MINNEAPOLIS MN 55418	W STIRLING & S M HANRATTY	RESIDENTIAL	$223,600	153 ft

Property History

Most Recent Sale

Date201609

Price$87,150

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,254