1500 26TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924240224

Property Overview

Parcel ID1202924240224

Lot Size6,246 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1922

Property ClassAPARTMENT

OwnerJENNIFER BRAMA/JUSTIN BRAMA

Assessed Value$572,000

Land Value$62,000

Building Value$510,000

Annual Tax$10,863

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth10 ft

Area~1,127 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 1,127 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2551 LINCOLN ST N E MINNEAPOLIS MN 55418	PARKER GRUNDVIG/ANDREW BJERK	RESIDENTIAL	$334,200	50 ft
2547 LINCOLN ST N E MINNEAPOLIS MN 55418	M BANCZAK & R BANCZAK	RESIDENTIAL	$304,600	95 ft
2541 LINCOLN ST N E MINNEAPOLIS MN 55418	S J KAVALIER & M A KAVALIER	RESIDENTIAL	$315,000	135 ft
2554 JOHNSON ST N E MINNEAPOLIS MN 55418	ROSE J SCALZO TRUST	RESIDENTIAL-TWO UNIT	$423,500	139 ft
2550 JOHNSON ST N E MINNEAPOLIS MN 55418	J J KRAUSE & B J HOFFMANN	RESIDENTIAL	$405,500	147 ft
1505 26TH AVE N E MINNEAPOLIS MN 55418	JANET M ARONES TRUSTEE	RESIDENTIAL	$303,000	148 ft
1501 26TH AVE N E MINNEAPOLIS MN 55418	T G DUNNWALD & S D PETERSON	RESIDENTIAL	$395,000	153 ft
1509 26TH AVE N E MINNEAPOLIS MN 55418	KAY EILEEN TROAN	TRIPLEX	$558,300	156 ft
2546 JOHNSON ST N E MINNEAPOLIS MN 55418	WILCOX COUNSELING LLC	RESIDENTIAL	$393,900	167 ft
1513 26TH AVE N E MINNEAPOLIS MN 55418	BETTY B RISSER	RESIDENTIAL	$308,500	175 ft

Property History

Most Recent Sale

Date202603

Price$585,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,863