2124 MEMORIAL PKWY MINNEAPOLIS MN 55412

PID: 1111821430056

Property Overview

Parcel ID1111821430056

Lot Size6,178 sq ft (0.142 ac)

Lot Dimensions (est.)57 ft wide × 107 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerK L GEORGE & I V GEORGE

Assessed Value$318,100

Land Value$56,000

Building Value$262,100

Annual Tax$4,631

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

2 permits on record since 2017 · Most recent: Aug 2022 (res)

ResAug 2022Closed

Urban Pine Plumbing and Mechanical 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 width100 ft

Buildable depth16 ft

Area~1,616 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 1,616 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2128 MEMORIAL PKWY MINNEAPOLIS MN 55412	DEREK E IVERSON ET AL	RESIDENTIAL	$283,500	53 ft
4531 OLIVER AVE N MINNEAPOLIS MN 55412	ALEXANDER RONGEN	RESIDENTIAL	$239,000	97 ft
2136 MEMORIAL PKWY MINNEAPOLIS MN 55412	TIMOTHY KRUESEL	RESIDENTIAL	$397,000	103 ft
2120 MEMORIAL PKWY MINNEAPOLIS MN 55412	L A WALTER & C H WALTER	RESIDENTIAL	$532,500	128 ft
4537 OLIVER AVE N MINNEAPOLIS MN 55412	PHUONG LE	RESIDENTIAL	$274,300	137 ft
2140 MEMORIAL PKWY MINNEAPOLIS MN 55412	K E BROWN & L VAN HORNE	RESIDENTIAL	$322,800	153 ft
4532 OLIVER AVE N MINNEAPOLIS MN 55412	H HOLTERMAN/J SONQUIST	RESIDENTIAL	$239,600	174 ft
4541 OLIVER AVE N MINNEAPOLIS MN 55412	JANET M DRONECK	RESIDENTIAL	$168,200	179 ft
2112 MEMORIAL PKWY MINNEAPOLIS MN 55412	JOSEPH ADAM WRZOS	RESIDENTIAL	$362,500	191 ft
4530 PENN AVE N MINNEAPOLIS MN 55412	NANCY ABTS	RESIDENTIAL	$283,700	197 ft

Property History

Most Recent Sale

Date199501

Price$79,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,631