2409 TAYLOR ST N E MINNEAPOLIS MN 55418

PID: 1202924320012

Property Overview

Parcel ID1202924320012

Lot Size6,880 sq ft (0.158 ac)

Lot Dimensions (est.)160 ft wide × 43 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerM K T PETERSON/N D PETERSON

Assessed Value$276,100

Land Value$130,000

Building Value$146,100

Annual Tax$5,243

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

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 ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2022 · Most recent: Mar 2022 (res)

ResMar 2022Closed

CenterPoint Energy Resource Corp

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

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 width33 ft

Buildable depth120 ft

Area~3,960 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 3,960 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
2413 TAYLOR ST N E MINNEAPOLIS MN 55418	MARCELINO CARMONA	RESIDENTIAL-TWO UNIT	$376,300	43 ft
1107 24TH AVE N E MINNEAPOLIS MN 55418	NATALIE HANNIGAN	RESIDENTIAL	$284,700	66 ft
1101 24TH AVE N E MINNEAPOLIS MN 55418	JOSHUA BUCHER	RESIDENTIAL	$349,000	78 ft
1111 24TH AVE N E MINNEAPOLIS MN 55418	OKSANA KHARCHENKO	RESIDENTIAL	$314,400	86 ft
2419 TAYLOR ST N E MINNEAPOLIS MN 55418	RAE HEITKAMP & JOSEPH MURPHY	RESIDENTIAL	$268,600	97 ft
1114 LOWRY AVE N E MINNEAPOLIS MN 55418	YAMBOOM LLC	RESIDENTIAL-TWO UNIT	$437,800	141 ft
1115 24TH AVE N E MINNEAPOLIS MN 55418	SCOTT MARTAIN & GRETA HOLL	RESIDENTIAL	$260,700	145 ft
2425 TAYLOR ST N E MINNEAPOLIS MN 55418	NATHAN ALBERT SEABROOK	RESIDENTIAL	$378,700	160 ft
2410 FILLMORE ST N E MINNEAPOLIS MN 55418	DRIVER PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$372,300	163 ft
2414 FILLMORE ST N E MINNEAPOLIS MN 55418	J RYMANOWSKI & T RYMANOWSKI	RESIDENTIAL	$264,800	169 ft

Property History

Most Recent Sale

Date202107

Price$264,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,243