2300 MEMORIAL PKWY MINNEAPOLIS MN 55412

PID: 1111821340136

Property Overview

Parcel ID1111821340136

Lot Size7,194 sq ft (0.165 ac)

Lot Dimensions (est.)61 ft wide × 118 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerS J KRAUSE & R S KRAUSE

Assessed Value$377,200

Land Value$60,000

Building Value$317,200

Annual Tax$5,611

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

4 permits on record since 2017 · Most recent: May 2023 (existres)

ExistresMay 2023Closed

Centraire Heating & Air Conditioning LLC

ExistresApr 2022Cancelled

CENTERPOINT ENERGY

ResApr 2021Closed

Warners Stellian 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 width110 ft

Buildable depth20 ft

Area~2,191 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 2,191 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2308 MEMORIAL PKWY MINNEAPOLIS MN 55412	ANDREW J HAKALA & S M HAKALA	RESIDENTIAL	$377,300	61 ft
4533 QUEEN AVE N MINNEAPOLIS MN 55412	KELSIE JOHNSON	RESIDENTIAL	$163,600	97 ft
2312 MEMORIAL PKWY MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$275,900	123 ft
4537 QUEEN AVE N MINNEAPOLIS MN 55412	MINDY JOST	RESIDENTIAL	$247,500	136 ft
4526 QUEEN AVE N MINNEAPOLIS MN 55412	B ANDREWS & A ANDREWS	RESIDENTIAL	$235,200	153 ft
2222 MEMORIAL PKWY MINNEAPOLIS MN 55412	BARBARA BUTTS WILLIAMS	RESIDENTIAL	$403,300	157 ft
4530 QUEEN AVE N MINNEAPOLIS MN 55412	R A M BORNMANN & G SPEARS JR	RESIDENTIAL	$294,900	161 ft
2316 MEMORIAL PKWY MINNEAPOLIS MN 55412	ERIN M JOHNSON	RESIDENTIAL	$339,000	167 ft
4541 QUEEN AVE N MINNEAPOLIS MN 55412	KIELER CONST & HOLDINGS LLC	RESIDENTIAL	$173,100	176 ft
4534 QUEEN AVE N MINNEAPOLIS MN 55412	L STAWARZ & F STAWARZ	RESIDENTIAL	$181,300	179 ft

Property History

Current Tax Year

Year2026

Tax Due$5,611