2505 MCKINLEY ST N E MINNEAPOLIS MN 55418

PID: 1202924140135

Property Overview

Parcel ID1202924140135

Lot Size9,843 sq ft (0.226 ac)

Lot Dimensions (est.)126 ft wide × 78 ft deep

Year Built1950

Property ClassRESIDENTIAL-TWO UNIT

OwnerDONNA STEVENS

Assessed Value$481,600

Land Value$152,000

Building Value$329,600

Annual Tax$7,411

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · $21K total declared value · Most recent: Feb 2024 (misc)

MiscFeb 2024Expired

$14K

CM WALL CONSTRUCTION LLC

RemodelNov 2017Closed

$8K

STANDARD WATER CONTROL SYSTEMS INC

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

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,181/mo

Renter-occupied31.9%

Median home value$356K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1012

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width111 ft

Buildable depth38 ft

Area~5,427 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 3-story wood frame (5–12 units) benchmarks for 5,427 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2511 MCKINLEY ST N E MINNEAPOLIS MN 55418	TRACY BRYAN	RESIDENTIAL	$342,100	59 ft
2515 MCKINLEY ST N E MINNEAPOLIS MN 55418	KYLE P GOERTZ/SARAH A ORANGE	RESIDENTIAL	$358,600	99 ft
2359 MCKINLEY ST N E MINNEAPOLIS MN 55418	NEIRBO INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$429,800	124 ft
2506 STINSON PKWY MINNEAPOLIS MN 55418	DENNIS W RISLOVE	RESIDENTIAL	$583,000	138 ft
2519 MCKINLEY ST N E MINNEAPOLIS MN 55418	S M SCHNEIDER/R A SCHNEIDER	RESIDENTIAL	$329,800	139 ft
2510 STINSON PKWY MINNEAPOLIS MN 55418	JENNIFER W WEI ET AL	RESIDENTIAL	$352,400	152 ft
2355 MCKINLEY ST N E MINNEAPOLIS MN 55418	GRAHAM NELSON	RESIDENTIAL	$380,100	166 ft
2514 STINSON PKWY MINNEAPOLIS MN 55418	GABRIELLE BIROS/JAMES BIROS	RESIDENTIAL	$371,700	172 ft
2523 MCKINLEY ST N E MINNEAPOLIS MN 55418	JAMES JAEWOO BAEK	RESIDENTIAL	$315,600	179 ft
2506 MCKINLEY ST N E MINNEAPOLIS MN 55418	WEBSTER CHARLES COX	RESIDENTIAL	$314,800	193 ft

Property History

Most Recent Sale

Date199511

Price$103,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,411