1118 LOWRY AVE N E MINNEAPOLIS MN 55418

PID: 1202924320001

Property Overview

Parcel ID1202924320001

Lot Size4,080 sq ft (0.094 ac)

Lot Dimensions (est.)48 ft wide × 85 ft deep

Year Built1930

Property ClassAPARTMENT

OwnerROBIE & JOEY LLC

Assessed Value$1,005,000

Land Value$40,800

Building Value$964,200

Annual Tax$19,465

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

2 permits on record since 2019 · $10K total declared value · Most recent: Oct 2020 (commercial multi-family)

Commercial Multi-FamilyOct 2020Closed

$10K

BURNOMATIC

ComnofdbvMar 2019Closed

Jayhawk Mechanical Inc

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$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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width38 ft

Buildable depth45 ft

Area~1,712 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 1,712 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1114 LOWRY AVE N E MINNEAPOLIS MN 55418	YAMBOOM LLC	RESIDENTIAL-TWO UNIT	$437,800	52 ft
2426 FILLMORE ST N E MINNEAPOLIS MN 55418	ROBIE & JOEY LLC	APARTMENT	$1,057,000	84 ft
2418 FILLMORE ST N E MINNEAPOLIS MN 55418	YALE ZHANG & JING HAI NUI	RESIDENTIAL-TWO UNIT	$416,100	87 ft
2414 FILLMORE ST N E MINNEAPOLIS MN 55418	J RYMANOWSKI & T RYMANOWSKI	RESIDENTIAL	$264,800	122 ft
2425 TAYLOR ST N E MINNEAPOLIS MN 55418	NATHAN ALBERT SEABROOK	RESIDENTIAL	$378,700	126 ft
2419 TAYLOR ST N E MINNEAPOLIS MN 55418	RAE HEITKAMP & JOSEPH MURPHY	RESIDENTIAL	$268,600	138 ft
1121 LOWRY AVE N E MINNEAPOLIS MN 55418	JOY WORLD UNIVERSAL CHURCH	COMMERCIAL-PREFERRED	$0	141 ft
2413 TAYLOR ST N E MINNEAPOLIS MN 55418	MARCELINO CARMONA	RESIDENTIAL-TWO UNIT	$376,300	150 ft
2410 FILLMORE ST N E MINNEAPOLIS MN 55418	DRIVER PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$372,300	161 ft
2501 TAYLOR ST N E MINNEAPOLIS MN 55418	LANDMARK REALTY GROUP LLC	COMMERCIAL-PREFERRED	$942,000	182 ft

Property History

Most Recent Sale

Date199709

Price$87,700

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$19,465