1040 18TH AVE N E MINNEAPOLIS MN 55418

PID: 1302924220032

Property Overview

Parcel ID1302924220032

Lot Size4,069 sq ft (0.093 ac)

Lot Dimensions (est.)43 ft wide × 94 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerRANDY SORENSEN

Assessed Value$330,300

Land Value$90,000

Building Value$240,300

Annual Tax$4,877

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $55K total declared value · Most recent: Jan 2024 (misc)

MiscJan 2024Expired

$21K

MINNESOTA EXTERIORS INC

ExistresAug 2022Closed

4Front Energy Solutions Inc

RemodelOct 2020Closed

$3K

RESTORATION PROFESSIONALS MN

RemodelJan 2019Closed

$15K

DBS RESIDENTIAL SOLUTIONS INC

ResApr 2018Closed

CENTERPOINT ENERGY

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Northeast Park · Minneapolis

Median reported rent1,449/mo

Renter-occupied53.8%

Median home value$277K

Vacancy rate1.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1026

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 depth55 ft

Area~1,804 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 1,804 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1044 18TH AVE N E MINNEAPOLIS MN 55418	M A DRYDEN & C R DRYDEN	RESIDENTIAL	$316,300	41 ft
1036 18TH AVE N E MINNEAPOLIS MN 55418	A DIEDRICH-MCFARLANE/N JANKE	RESIDENTIAL	$388,000	46 ft
1716 TAYLOR ST N E MINNEAPOLIS MN 55413	K L SORENSEN & T GALLOWAY	RESIDENTIAL	$348,000	70 ft
1034 18TH AVE N E MINNEAPOLIS MN 55418	S I CHRISTENSEN/J L SIMPSON	RESIDENTIAL-TWO UNIT	$313,600	93 ft
1712 TAYLOR ST N E MINNEAPOLIS MN 55413	K E JENSEN & J M JOHN	RESIDENTIAL-TWO UNIT	$356,500	115 ft
1030 18TH AVE N E MINNEAPOLIS MN 55418	MATTHEW GORZLANCYK ET AL	RESIDENTIAL-TWO UNIT	$362,000	137 ft
1102 18TH AVE N E MINNEAPOLIS MN 55418	MAXWELL J KORTE	RESIDENTIAL-TWO UNIT	$331,300	148 ft
1715 POLK ST N E MINNEAPOLIS MN 55413	GERALDINE H STALLING	RESIDENTIAL-TWO UNIT	$344,900	154 ft
1706 TAYLOR ST N E MINNEAPOLIS MN 55413	L HARRINGTON & J HARRINGTON	RESIDENTIAL-TWO UNIT	$460,500	160 ft
1800 TAYLOR ST N E MINNEAPOLIS MN 55418	J L SIMPSON & S CHRISTENSEN	RESIDENTIAL-TWO UNIT	$404,800	161 ft

Property History

Most Recent Sale

Date202207

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,877