2403 LINCOLN ST N E MINNEAPOLIS MN 55418

PID: 1202924310019

Property Overview

Parcel ID1202924310019

Lot Size6,223 sq ft (0.143 ac)

Lot Dimensions (est.)124 ft wide × 50 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerHEINDEL REVOCABLE TRUST

Assessed Value$415,300

Land Value$129,000

Building Value$286,300

Annual Tax$6,300

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2016 · $53K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$21K

AMERICAN EAGLE HOME IMPROVEMENT

ExistresJun 2020Closed

Heating and Cooling Two Inc

ExistresOct 2019Closed

Perfection Heating and Air Conditioning Inc

ResApr 2019Closed

DEN-MARK PLUMBING INC

MiscApr 2019Closed

$2K

PARAMOUNT INVESTMENT GROUP LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Windom Park · Minneapolis

Median reported rent1,259/mo

Renter-occupied70.2%

Median home value$289K

Vacancy rate11.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1019

Market Snapshot

Zip code 55418

Median sale price$368K-0.7% YoY

Median price / sqft$228/sqft

Median days to close15 days

Active listings75

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 width40 ft

Buildable depth84 ft

Area~3,378 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 3,378 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2323 LINCOLN ST N E MINNEAPOLIS MN 55418	SUSAN BROUILLETTE	RESIDENTIAL	$372,000	50 ft
2407 LINCOLN ST N E MINNEAPOLIS MN 55418	L & M ZDON	RESIDENTIAL	$404,400	50 ft
2319 LINCOLN ST N E MINNEAPOLIS MN 55418	BRIAN M SMITH	RESIDENTIAL	$352,900	100 ft
2411 LINCOLN ST N E MINNEAPOLIS MN 55418	N C SCHUETZ & C G EMERICK	RESIDENTIAL	$421,700	100 ft
2402 JOHNSON ST N E MINNEAPOLIS MN 55418	KARI MELCHERT	RESIDENTIAL-TWO UNIT	$350,800	138 ft
2406 JOHNSON ST N E MINNEAPOLIS MN 55418	TRISTAN SPRINGER	RESIDENTIAL	$349,700	147 ft
2322 JOHNSON ST N E MINNEAPOLIS MN 55418	JON S SHARRATT	RESIDENTIAL	$203,600	147 ft
2315 LINCOLN ST N E MINNEAPOLIS MN 55418	J P DEAN & L L TALBOT	RESIDENTIAL-TWO UNIT	$416,500	150 ft
2415 LINCOLN ST N E MINNEAPOLIS MN 55418	LILY HOSBEIN/WILLIAM HOSBEIN	RESIDENTIAL	$332,000	150 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	VALUE HOMES LLC	CONDOMINIUM	$266,300	170 ft

Property History

Most Recent Sale

Date202003

Price$345,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,300