2506 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412

PID: 1111821340009

Property Overview

Parcel ID1111821340009

Lot Size7,905 sq ft (0.181 ac)

Lot Dimensions (est.)52 ft wide × 152 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerJAY D ANDERSON

Assessed Value$359,000

Land Value$72,000

Building Value$287,000

Annual Tax$5,309

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Victory Memorial Drive

Development Opportunities

Historic district — Victory Memorial DriveHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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

Permit History

3 permits on record since 2017 · $8K total declared value · Most recent: Nov 2021 (misc)

MiscNov 2021Closed

$8K

BARNHOUSE EXTERIORS LLC

ExistresNov 2018Closed

Marsh Heating & Air Conditioning Co Inc

ResFeb 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth118 ft

Area~4,725 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 sfr / adu benchmarks for 4,725 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2502 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412	WARREN E KAARI REVOC TRUST	RESIDENTIAL	$358,000	50 ft
2510 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412	GORDON A WEIL/THERESE M WEIL	RESIDENTIAL	$402,000	50 ft
2420 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412	C J JOHNSON & M STOVALL	RESIDENTIAL	$321,000	95 ft
2516 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412	COLE MAGNUSON	RESIDENTIAL	$380,000	100 ft
4525 OSSEO RD MINNEAPOLIS MN 55412	MATTHEW D SCHLOSSER	RESIDENTIAL	$223,000	122 ft
2416 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412	MATTHEW J KRUGER	RESIDENTIAL	$363,000	134 ft
2520 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412	KIMBERLY A KELLEY	RESIDENTIAL	$346,100	153 ft
4514 THOMAS AVE N MINNEAPOLIS MN 55412	ERIKA FUGELSO/JUSTIN SCHLEPP	RESIDENTIAL	$263,100	168 ft
4531 OSSEO RD MINNEAPOLIS MN 55412	DANELLA PATRICE THOMPSON	RESIDENTIAL	$231,000	184 ft
2412 VICTORY MEMORIAL DR MINNEAPOLIS MN 55412	CAMERON J A CHRISTIAN ET AL	RESIDENTIAL	$215,000	201 ft

Property History

Most Recent Sale

Date201303

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,309