2316 MEMORIAL PKWY MINNEAPOLIS MN 55412

PID: 1111821340139

Property Overview

Parcel ID1111821340139

Lot Size4,909 sq ft (0.113 ac)

Lot Dimensions (est.)46 ft wide × 108 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerERIN M JOHNSON

Assessed Value$339,000

Land Value$51,000

Building Value$288,000

Annual Tax$4,978

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 · $11K total declared value · Most recent: May 2026 (misc)

MiscMay 2026Closed

$2K

ALSTAR HOME IMPROVEMENTS

MiscOct 2023Closed

$9K

ARMOR CONSTRUCTION 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 width36 ft

Buildable depth68 ft

Area~278 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 278 sqft buildable area.

Est. units

Yield on cost

8.6%

Spread

+3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2312 MEMORIAL PKWY MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$275,900	44 ft
2320 MEMORIAL PKWY MINNEAPOLIS MN 55412	KATEY L NGUYEN/TONY NGUYEN	RESIDENTIAL	$306,900	45 ft
4514 RUSSELL AVE N MINNEAPOLIS MN 55412	BARBARA K YOUNG	RESIDENTIAL	$246,600	90 ft
2308 MEMORIAL PKWY MINNEAPOLIS MN 55412	ANDREW J HAKALA & S M HAKALA	RESIDENTIAL	$377,300	107 ft
4518 RUSSELL AVE N MINNEAPOLIS MN 55412	JAMES R SWENSON	RESIDENTIAL	$264,400	130 ft
4533 QUEEN AVE N MINNEAPOLIS MN 55412	KELSIE JOHNSON	RESIDENTIAL	$163,600	163 ft
2300 MEMORIAL PKWY MINNEAPOLIS MN 55412	S J KRAUSE & R S KRAUSE	RESIDENTIAL	$377,200	167 ft
4501 RUSSELL AVE N MINNEAPOLIS MN 55412	K TURNER & J GRAHEK	RESIDENTIAL	$255,100	171 ft
4522 RUSSELL AVE N MINNEAPOLIS MN 55412	MICHAEL E CHIODO	RESIDENTIAL	$276,100	171 ft
4537 QUEEN AVE N MINNEAPOLIS MN 55412	MINDY JOST	RESIDENTIAL	$247,500	189 ft

Property History

Most Recent Sale

Date201307

Price$202,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,978