2618 LINCOLN ST N E MINNEAPOLIS MN 55418

PID: 1202924240140

Property Overview

Parcel ID1202924240140

Lot Size4,999 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerMIKE ULLMER & SARA ULLMER

Assessed Value$385,900

Land Value$114,000

Building Value$271,900

Annual Tax$5,808

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $11K total declared value · Most recent: Jul 2023 (remodel)

RemodelJul 2023Closed

$8K

Load Bearing Wall Company

ResMar 2022Closed

CenterPoint Energy Resource Corp

RemodelMay 2018Closed

$3K

SUPERIOR CONSTRUCTION SERVICES 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

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 width30 ft

Buildable depth85 ft

Area~2,549 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 2,549 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2620 LINCOLN ST N E MINNEAPOLIS MN 55418	ANDREW NELSON	RESIDENTIAL	$291,800	40 ft
2614 LINCOLN ST N E MINNEAPOLIS MN 55418	ALLISON FANNIN & PAUL FANNIN	RESIDENTIAL	$366,600	40 ft
2626 LINCOLN ST N E MINNEAPOLIS MN 55418	S BONIN & L MAZURKEVICZ	RESIDENTIAL	$334,600	80 ft
2630 LINCOLN ST N E MINNEAPOLIS MN 55418	JEFFREY K PASKO	RESIDENTIAL	$417,300	120 ft
1417 26TH AVE N E MINNEAPOLIS MN 55418	ENGLUND JOINT TRUST	RESIDENTIAL-TWO UNIT	$434,300	137 ft
2615 BUCHANAN ST N E MINNEAPOLIS MN 55418	S KONIECZNY & I KONIECZNY	RESIDENTIAL	$369,600	138 ft
1423 26TH AVE N E MINNEAPOLIS MN 55418	D C WEATHERHEAD & M M LEWIS	RESIDENTIAL-TWO UNIT	$374,600	143 ft
2623 BUCHANAN ST N E MINNEAPOLIS MN 55418	K E HICKEL & M D C HICKEL	RESIDENTIAL-TWO UNIT	$389,000	144 ft
1415 26TH AVE N E MINNEAPOLIS MN 55418	T E KORSMO & M M WATTS	RESIDENTIAL	$345,400	145 ft
2611 BUCHANAN ST N E MINNEAPOLIS MN 55418	M I CHOMBORAZO PALCHIZACA	RESIDENTIAL-TWO UNIT	$403,800	145 ft

Property History

Most Recent Sale

Date202112

Price$383,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,808