1950 PIERCE ST N E MINNEAPOLIS MN 55418

PID: 1202924340003

Property Overview

Parcel ID1202924340003

Lot Size4,865 sq ft (0.112 ac)

Lot Dimensions (est.)125 ft wide × 39 ft deep

Year Built1960

Property ClassRESIDENTIAL

OwnerCANDACE M & NEIL H ANDRESON

Assessed Value$296,300

Land Value$113,000

Building Value$183,300

Annual Tax$4,307

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · $11K total declared value · Most recent: Aug 2019 (misc)

MiscAug 2019Closed

$660

Minnesota Rusco Inc

MiscMay 2017Closed

$10K

LEXINGTON ROOFING AND REMODELING

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 width29 ft

Buildable depth85 ft

Area~2,457 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 2,457 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
1952 PIERCE ST N E MINNEAPOLIS MN 55418	COREY HEIST OCONNELL	RESIDENTIAL-TWO UNIT	$390,500	39 ft
1946 PIERCE ST N E MINNEAPOLIS MN 55418	CARDINAL HOUSING LLC	RESIDENTIAL	$365,300	39 ft
1940 PIERCE ST N E MINNEAPOLIS MN 55418	ERIN M BRADLEY	RESIDENTIAL	$312,800	78 ft
1958 PIERCE ST N E MINNEAPOLIS MN 55418	BENJAMIN L SCHUSTER ET AL	RESIDENTIAL	$362,300	79 ft
1938 PIERCE ST N E MINNEAPOLIS MN 55418	S G RICHARD & K M JOHNSON	RESIDENTIAL-TWO UNIT	$427,200	117 ft
1951 FILLMORE ST N E MINNEAPOLIS MN 55418	MARGARET PEARSON	RESIDENTIAL-TWO UNIT	$422,500	139 ft
1955 FILLMORE ST N E MINNEAPOLIS MN 55418	PHILIP W CHAN	RESIDENTIAL	$311,500	143 ft
1947 FILLMORE ST N E MINNEAPOLIS MN 55418	E G ELDREDGE & M VALENTI	RESIDENTIAL-TWO UNIT	$370,600	144 ft
1934 PIERCE ST N E MINNEAPOLIS MN 55418	P MOUNTAIN & S L JAEGER	RESIDENTIAL	$338,100	156 ft
1957 FILLMORE ST N E MINNEAPOLIS MN 55418	CHRISTOPHER M ANDERSON	RESIDENTIAL	$407,100	159 ft

Property History

Most Recent Sale

Date198308

Price$59,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,307