1922 PIERCE ST N E MINNEAPOLIS MN 55418

PID: 1202924340010

Property Overview

Parcel ID1202924340010

Lot Size4,867 sq ft (0.112 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL J MELSHA

Assessed Value$399,600

Land Value$113,000

Building Value$286,600

Annual Tax$7,589

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $21K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$21K

LEXINGTON ROOFING AND REMODELING

ResApr 2022Closed

CenterPoint Energy Resource Corp

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 width29 ft

Buildable depth85 ft

Area~2,459 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 2,459 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
1926 PIERCE ST N E MINNEAPOLIS MN 55418	GRAMITH PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$317,800	39 ft
1918 PIERCE ST N E MINNEAPOLIS MN 55418	PETER J BRISKY	RESIDENTIAL	$359,800	39 ft
1930 PIERCE ST N E MINNEAPOLIS MN 55418	K M LUNDGREN & W E PATTEN	RESIDENTIAL	$341,000	78 ft
1914 PIERCE ST N E MINNEAPOLIS MN 55418	MATTHEW P BRESNAHAN	RESIDENTIAL	$401,000	78 ft
1934 PIERCE ST N E MINNEAPOLIS MN 55418	P MOUNTAIN & S L JAEGER	RESIDENTIAL	$338,100	117 ft
1910 PIERCE ST N E MINNEAPOLIS MN 55418	C SROKA & R RUETTIMAN	RESIDENTIAL-TWO UNIT	$323,600	117 ft
1923 FILLMORE ST N E MINNEAPOLIS MN 55418	ROBERT G HOVLAND TRST	RESIDENTIAL-TWO UNIT	$320,500	139 ft
1919 FILLMORE ST N E MINNEAPOLIS MN 55418	M UDODOVSKY & A AANERUD	RESIDENTIAL-TWO UNIT	$523,600	144 ft
1927 FILLMORE ST N E MINNEAPOLIS MN 55418	JASON JOHNSON	RESIDENTIAL-TWO UNIT	$386,200	144 ft
1938 PIERCE ST N E MINNEAPOLIS MN 55418	S G RICHARD & K M JOHNSON	RESIDENTIAL-TWO UNIT	$427,200	156 ft

Property History

Most Recent Sale

Date200406

Price$259,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,589