947 26TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924230010

Property Overview

Parcel ID1202924230010

Lot Size3,226 sq ft (0.074 ac)

Lot Dimensions (est.)35 ft wide × 92 ft deep

Year Built0

Property ClassVACANT LAND-RESIDENTIAL

OwnerRYAN FLANAGAN

Assessed Value$82,000

Land Value$82,000

Building Value$0

Annual Tax$1,557

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Cultural District — Central AvenueHigh

Within the Central Avenue Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 11

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width25 ft

Buildable depth52 ft

Area~1,305 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 small multifamily (2–4 units, wood frame) benchmarks for 1,305 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
949 26TH AVE N E MINNEAPOLIS MN 55418	GENNADY AVERBAKH	RESIDENTIAL-TWO UNIT	$229,700	35 ft
953 26TH AVE N E MINNEAPOLIS MN 55418	SCHOLARS OF THE FUTURE LLC	RESIDENTIAL-TWO UNIT	$260,600	70 ft
947 26TH AVE N E MINNEAPOLIS MN 55418	EBULLIENT INVESTMENTS LLC	VACANT LAND-RESIDENTIAL	$3,900	76 ft
949 26TH AVE N E MINNEAPOLIS MN 55418	EBULLIENT INVESTMENTS LLC	VACANT LAND-RESIDENTIAL	$2,800	83 ft
957 26TH AVE N E MINNEAPOLIS MN 55418	DLAC PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$291,300	105 ft
2601 CENTRAL AVE N E MINNEAPOLIS MN 55418	INTERMACO INC	COMMERCIAL-PREFERRED	$583,000	122 ft
2610 POLK ST N E MINNEAPOLIS MN 55418	GEOFFREY W KING ET AL	RESIDENTIAL	$355,700	129 ft
2614 POLK ST N E MINNEAPOLIS MN 55418	R W PIEPENBURG ET AL	RESIDENTIAL	$434,100	136 ft
959 26TH AVE N E MINNEAPOLIS MN 55418	DLAC PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$331,500	141 ft
2611 CENTRAL AVE N E MINNEAPOLIS MN 55418	EBULLIENT INVESTMENTS LLC	APARTMENT	$4,181,000	153 ft

Property History

Most Recent Sale

Date202502

Price$49,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,557