2501 TAYLOR ST N E MINNEAPOLIS MN 55418

PID: 1202924230206

Property Overview

Parcel ID1202924230206

Lot Size13,985 sq ft (0.321 ac)

Lot Dimensions (est.)152 ft wide × 92 ft deep

Year Built1900

Property ClassCOMMERCIAL-PREFERRED

OwnerLANDMARK REALTY GROUP LLC

Assessed Value$942,000

Land Value$138,500

Building Value$803,500

Annual Tax$35,710

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2013 · $212K total declared value · Most recent: Aug 2022 (remodel)

RemodelAug 2022Closed

$500

Southside Learning Center

Commercial Multi-FamilyNov 2020Closed

$17K

Damyan's Heating and Cooling LLC

Commercial Multi-FamilyMay 2020Closed

$500

All Climate Mechanical LLC

RemodelMay 2020Closed

$175K

YB Construction LLC

ComnofdbvApr 2020Closed

B and B Plumbing 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 rent1,414/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

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 width137 ft

Buildable depth52 ft

Area~8,621 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 8,621 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2511 TAYLOR ST N E MINNEAPOLIS MN 55418	STEPPINGSTONE DEVELOPMNT LLC	COMMERCIAL-PREFERRED	$967,000	115 ft
2425 TAYLOR ST N E MINNEAPOLIS MN 55418	NATHAN ALBERT SEABROOK	RESIDENTIAL	$378,700	141 ft
1033 LOWRY AVE N E MINNEAPOLIS MN 55418	ISHMAEL SEAN SHAKUR ISRAEL	RESIDENTIAL-TWO UNIT	$241,400	168 ft
1121 LOWRY AVE N E MINNEAPOLIS MN 55418	JOY WORLD UNIVERSAL CHURCH	COMMERCIAL-PREFERRED	$0	172 ft
2506 FILLMORE ST N E MINNEAPOLIS MN 55418	MARIAH BECCHETTI	RESIDENTIAL	$328,200	173 ft
1114 LOWRY AVE N E MINNEAPOLIS MN 55418	YAMBOOM LLC	RESIDENTIAL-TWO UNIT	$437,800	180 ft
1118 LOWRY AVE N E MINNEAPOLIS MN 55418	ROBIE & JOEY LLC	APARTMENT	$1,005,000	182 ft
2510 FILLMORE ST N E MINNEAPOLIS MN 55418	MATTHEW A MAYOTTE	RESIDENTIAL-TWO UNIT	$352,000	185 ft
1031 LOWRY AVE N E MINNEAPOLIS MN 55418	ISHMAEL ISREAL	VACANT LAND-RESIDENTIAL	$82,000	204 ft
2419 TAYLOR ST N E MINNEAPOLIS MN 55418	RAE HEITKAMP & JOSEPH MURPHY	RESIDENTIAL	$268,600	205 ft

Property History

Most Recent Sale

Date202109

Price$680,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$35,710