5055 18TH AVE S MINNEAPOLIS MN 55417

PID: 1402824410115

Property Overview

Parcel ID1402824410115

Lot Size5,900 sq ft (0.135 ac)

Lot Dimensions (est.)123 ft wide × 48 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerJ R & J M PHILLIPS TRUST

Assessed Value$551,100

Land Value$217,000

Building Value$334,100

Annual Tax$8,678

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $22K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$6K

HOFFMAN WEBER CONSTRUCTION INC

ResSep 2023Closed

FFM LLC

MiscJul 2023Expired

$16K

HOFFMAN WEBER CONSTRUCTION INC

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

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 width110 ft

Buildable depth8 ft

Area~2,903 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 2,903 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5049 18TH AVE S MINNEAPOLIS MN 55417	C GRAHAM & B R KLINKERT	RESIDENTIAL	$454,900	47 ft
5045 18TH AVE S MINNEAPOLIS MN 55417	CHRISTINA BERG & ERIC BERG	RESIDENTIAL	$462,200	93 ft
1807 51ST ST E MINNEAPOLIS MN 55417	ELIZABETH ANN DELONG TRUST	RESIDENTIAL	$701,400	108 ft
5052 CEDAR AVE S MINNEAPOLIS MN 55417	NICOLAS YAROSZ/KORYN YAROSZ	RESIDENTIAL	$663,200	137 ft
5041 18TH AVE S MINNEAPOLIS MN 55417	PAMELA S FITCH	RESIDENTIAL	$472,200	139 ft
5048 CEDAR AVE S MINNEAPOLIS MN 55417	J THERKELSEN & K WIEGMANN	RESIDENTIAL	$383,000	145 ft
5109 18TH AVE S MINNEAPOLIS MN 55417	SANDRA MARBLE/MICHAEL KOHOUT	RESIDENTIAL	$501,100	164 ft
5044 CEDAR AVE S MINNEAPOLIS MN 55417	C BOLINSKE & K A BOLINSKE	RESIDENTIAL	$441,600	166 ft
5100 CEDAR AVE S MINNEAPOLIS MN 55417	SARAH GREISING	RESIDENTIAL	$334,900	168 ft
5037 18TH AVE S MINNEAPOLIS MN 55417	TRACY A ELDER	RESIDENTIAL	$403,400	182 ft

Property History

Most Recent Sale

Date201211

Price$310,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,678