1044 18TH AVE N E MINNEAPOLIS MN 55418

PID: 1302924220033

Property Overview

Parcel ID1302924220033

Lot Size3,695 sq ft (0.085 ac)

Lot Dimensions (est.)39 ft wide × 94 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerM A DRYDEN & C R DRYDEN

Assessed Value$316,300

Land Value$85,000

Building Value$231,300

Annual Tax$4,642

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 ↗

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

5 permits on record since 2017 · $42K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$5K

Excel Renovation LLC

ExistresJul 2023Closed

4Front Energy Solutions Inc

MiscSep 2019Closed

$38K

PELLA NORTHLAND

ResApr 2018Closed

CENTERPOINT ENERGY

ResFeb 2017Closed

AM PLUMBING INC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width26 ft

Buildable depth54 ft

Area~1,424 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 1,424 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
1040 18TH AVE N E MINNEAPOLIS MN 55418	RANDY SORENSEN	RESIDENTIAL	$330,300	41 ft
1716 TAYLOR ST N E MINNEAPOLIS MN 55413	K L SORENSEN & T GALLOWAY	RESIDENTIAL	$348,000	84 ft
1036 18TH AVE N E MINNEAPOLIS MN 55418	A DIEDRICH-MCFARLANE/N JANKE	RESIDENTIAL	$388,000	87 ft
1102 18TH AVE N E MINNEAPOLIS MN 55418	MAXWELL J KORTE	RESIDENTIAL-TWO UNIT	$331,300	107 ft
1712 TAYLOR ST N E MINNEAPOLIS MN 55413	K E JENSEN & J M JOHN	RESIDENTIAL-TWO UNIT	$356,500	124 ft
1034 18TH AVE N E MINNEAPOLIS MN 55418	S I CHRISTENSEN/J L SIMPSON	RESIDENTIAL-TWO UNIT	$313,600	134 ft
1104 18TH AVE N E MINNEAPOLIS MN 55418	C H CARDENAS & E P SACTA	RESIDENTIAL-TWO UNIT	$342,100	151 ft
1717 TAYLOR ST N E MINNEAPOLIS MN 55413	KATHERINE DENISE JOHNSON	RESIDENTIAL	$306,600	166 ft
1706 TAYLOR ST N E MINNEAPOLIS MN 55413	L HARRINGTON & J HARRINGTON	RESIDENTIAL-TWO UNIT	$460,500	167 ft
1801 TAYLOR ST N E MINNEAPOLIS MN 55418	L E KOLLMAR & M J ENG	RESIDENTIAL	$391,900	170 ft

Property History

Most Recent Sale

Date202304

Price$352,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,642