2318 TAYLOR ST N E MINNEAPOLIS MN 55418

PID: 1202924320169

Property Overview

Parcel ID1202924320169

Lot Size8,255 sq ft (0.190 ac)

Lot Dimensions (est.)180 ft wide × 46 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerC BAUMGARTNER AND M MCNULTY

Assessed Value$357,400

Land Value$142,000

Building Value$215,400

Annual Tax$5,331

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 ↗

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width36 ft

Buildable depth139 ft

Area~5,020 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 5,020 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2322 TAYLOR ST N E MINNEAPOLIS MN 55418	J S SPIROU & S E SPIROU	RESIDENTIAL	$365,700	43 ft
2324 TAYLOR ST N E MINNEAPOLIS MN 55418	MARGARET JANIS	RESIDENTIAL	$394,900	83 ft
1025 23RD AVE N E MINNEAPOLIS MN 55418	1025 23RD AVE NE LLC	RESIDENTIAL-TWO UNIT	$459,200	110 ft
1021 23RD AVE N E MINNEAPOLIS MN 55418	ZACHARY A KRAMER	RESIDENTIAL-TWO UNIT	$385,400	111 ft
2328 TAYLOR ST N E MINNEAPOLIS MN 55418	DAVID A HARRINGTON	RESIDENTIAL-TWO UNIT	$412,600	123 ft
1031 23RD AVE N E MINNEAPOLIS MN 55418	KARLTON L KNUDSON	RESIDENTIAL	$339,500	127 ft
1019 23RD AVE N E MINNEAPOLIS MN 55418	DONALD JAMES JAMROS	RESIDENTIAL	$411,400	132 ft
1013 23RD AVE N E MINNEAPOLIS MN 55418	A E MYRBO & C B GILLETT	RESIDENTIAL	$342,300	166 ft
1026 24TH AVE N E MINNEAPOLIS MN 55418	D ROTONDO & M ROTONDO	RESIDENTIAL	$215,700	188 ft
1028 24TH AVE N E MINNEAPOLIS MN 55418	CHLOE LAMERSON TRUST ET AL	RESIDENTIAL	$313,100	190 ft

Property History

Most Recent Sale

Date202303

Price$373,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,331