1509 26TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924240131

Property Overview

Parcel ID1202924240131

Lot Size5,552 sq ft (0.127 ac)

Lot Dimensions (est.)44 ft wide × 125 ft deep

Year Built1910

Property ClassTRIPLEX

OwnerKAY EILEEN TROAN

Assessed Value$558,300

Land Value$120,000

Building Value$438,300

Annual Tax$8,848

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth86 ft

Area~2,930 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 2,930 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1513 26TH AVE N E MINNEAPOLIS MN 55418	BETTY B RISSER	RESIDENTIAL	$308,500	44 ft
1505 26TH AVE N E MINNEAPOLIS MN 55418	JANET M ARONES TRUSTEE	RESIDENTIAL	$303,000	44 ft
1517 26TH AVE N E MINNEAPOLIS MN 55418	K BORCHERT & J RODRIGUEZ	RESIDENTIAL	$323,200	88 ft
1501 26TH AVE N E MINNEAPOLIS MN 55418	T G DUNNWALD & S D PETERSON	RESIDENTIAL	$395,000	88 ft
2615 LINCOLN ST N E MINNEAPOLIS MN 55418	D MOCKENHAUPT & M MCKAY	RESIDENTIAL	$272,500	108 ft
2600 JOHNSON ST N E MINNEAPOLIS MN 55418	2600 JOHNSON LLC	COMMERCIAL-PREFERRED	$470,000	132 ft
2614 JOHNSON ST N E MINNEAPOLIS MN 55418	CHARLES J STEIER	RESIDENTIAL	$307,500	134 ft
2619 LINCOLN ST N E MINNEAPOLIS MN 55418	M L ESQUIVEL & H R BAUTISTA	RESIDENTIAL	$231,200	145 ft
1500 26TH AVE N E MINNEAPOLIS MN 55418	JENNIFER BRAMA/JUSTIN BRAMA	APARTMENT	$572,000	156 ft
2616 JOHNSON ST N E MINNEAPOLIS MN 55418	BKL INVESTMENTS LTD PTNRSHIP	APARTMENT	$460,000	165 ft

Property History

Most Recent Sale

Date200001

Price$90,000

Type—

Current Tax Year

Year2026

Tax Due$8,848