1518 WASHINGTON ST N E MINNEAPOLIS MN 55413

PID: 1402924210058

Property Overview

Parcel ID1402924210058

Lot Size5,548 sq ft (0.127 ac)

Lot Dimensions (est.)138 ft wide × 40 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerKYLE YOUNGBLOM

Assessed Value$329,000

Land Value$132,000

Building Value$197,000

Annual Tax$4,856

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $7K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

RemodelAug 2024Closed

$4K

Ambia Energy

ResApr 2023Closed

Warners Stellian Co Inc

ResMar 2023Closed

Warners Stellian Co Inc

MiscMay 2017Closed

$3K

THE HOME DEPOT

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

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent647/mo

Renter-occupied60.8%

Median home value$341K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1025

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 width30 ft

Buildable depth99 ft

Area~2,961 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 2,961 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
1514 WASHINGTON ST N E MINNEAPOLIS MN 55413	LACY WITTMAN	RESIDENTIAL	$363,400	40 ft
1520 WASHINGTON ST N E MINNEAPOLIS MN 55413	K N TRAN & S A SCHMITT	RESIDENTIAL-TWO UNIT	$387,800	40 ft
1510 WASHINGTON ST N E MINNEAPOLIS MN 55413	STEPHEN R SEHLESINGER	TRIPLEX	$450,700	80 ft
1526 WASHINGTON ST N E MINNEAPOLIS MN 55413	J LAMPONE & K ANDERSON	RESIDENTIAL	$328,800	80 ft
1530 WASHINGTON ST N E MINNEAPOLIS MN 55413	A HARDON & L HARDON	RESIDENTIAL-TWO UNIT	$521,000	120 ft
1506 WASHINGTON ST N E MINNEAPOLIS MN 55413	KALE R JOHNSON	RESIDENTIAL-TWO UNIT	$462,900	140 ft
1519 6TH ST N E MINNEAPOLIS MN 55413	LISA M ELFRINK	RESIDENTIAL	$283,200	151 ft
1521 6TH ST N E MINNEAPOLIS MN 55413	MEREDITH J STAGER	RESIDENTIAL	$361,600	156 ft
1515 6TH ST N E MINNEAPOLIS MN 55413	G M FEINBERG & S G FEINBERG	RESIDENTIAL	$288,200	156 ft
1534 WASHINGTON ST N E MINNEAPOLIS MN 55413	JEFF SCRIPTER	RESIDENTIAL	$339,400	160 ft

Property History

Most Recent Sale

Date202406

Price$360,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,856