5016 18TH AVE S MINNEAPOLIS MN 55417

PID: 1402824410075

Property Overview

Parcel ID1402824410075

Lot Size4,939 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerR J SOMMESE / M C BERTHELSEN

Assessed Value$509,700

Land Value$199,000

Building Value$310,700

Annual Tax$7,894

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $44K total declared value · Most recent: Nov 2020 (existres)

ExistresNov 2020Closed

Airic's Heating & Air Conditioning Inc

MiscOct 2020Closed

$2K

CRAFTSMEN HOME IMPROVEMENT INC

MiscOct 2020Closed

$3K

CRAFTSMEN HOME IMPROVEMENT INC

MiscOct 2020Closed

$9K

CRAFTSMEN HOME IMPROVEMENT INC

ResNov 2017Closed

BARON PLUMBING & HEATING LLC

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

Neighborhood Profile

Hale · Minneapolis

Median reported rent1,991/mo

Renter-occupied11.2%

Median home value$420K

Vacancy rate5.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.03

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,504 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 sfr / adu benchmarks for 2,504 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5012 18TH AVE S MINNEAPOLIS MN 55417	RIMA KHARBUSH	RESIDENTIAL	$428,300	40 ft
5020 18TH AVE S MINNEAPOLIS MN 55417	DEBRA L SCHULZETENBERG	RESIDENTIAL	$498,600	40 ft
5008 18TH AVE S MINNEAPOLIS MN 55417	B J MORROW & M M MOORE	RESIDENTIAL	$438,400	80 ft
5024 18TH AVE S MINNEAPOLIS MN 55417	RACHEL B KARSJENS	RESIDENTIAL	$434,500	80 ft
5004 18TH AVE S MINNEAPOLIS MN 55417	DAVID D & CALI M FIELDER	RESIDENTIAL	$485,000	120 ft
5028 18TH AVE S MINNEAPOLIS MN 55417	BRANDON BOAT & ASHLEY BOAT	RESIDENTIAL	$458,000	120 ft
5017 17TH AVE S MINNEAPOLIS MN 55417	MICHAEL S STENQUIST	RESIDENTIAL	$462,000	137 ft
5021 17TH AVE S MINNEAPOLIS MN 55417	KENDALL MCEACHRON	RESIDENTIAL	$547,700	143 ft
5015 17TH AVE S MINNEAPOLIS MN 55417	MARA BERDAHL & BROOKE BURNES	RESIDENTIAL	$407,700	143 ft
5009 17TH AVE S MINNEAPOLIS MN 55417	REBECCA E LUXENBERG	RESIDENTIAL	$535,600	158 ft

Property History

Most Recent Sale

Date202409

Price$574,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,894