32 18TH AVE N E MINNEAPOLIS MN 55418

PID: 1502924110119

Property Overview

Parcel ID1502924110119

Lot Size5,332 sq ft (0.122 ac)

Lot Dimensions (est.)50 ft wide × 106 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerSHIVA PROPERTIES LLC

Assessed Value$295,000

Land Value$119,000

Building Value$176,000

Annual Tax$4,567

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 24

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 width40 ft

Buildable depth67 ft

Area~2,666 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 2,666 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
26 18TH AVE N E MINNEAPOLIS MN 55418	SHIVA PROPERTIES LLC	RESIDENTIAL	$300,000	50 ft
36 18TH AVE N E MINNEAPOLIS MN 55418	SHIVA PROPERTIES LLC	RESIDENTIAL	$274,000	51 ft
1718 GRAND ST N E MINNEAPOLIS MN 55413	SHIVA PROPERTIES LLC	RESIDENTIAL	$377,600	90 ft
1728 GRAND ST N E MINNEAPOLIS MN 55413	T CHAMBERS & S CHAMBERS	RESIDENTIAL-TWO UNIT	$397,300	101 ft
22 18TH AVE N E MINNEAPOLIS MN 55418	ABDIRAHMAN IBRAHIM ABDI	RESIDENTIAL-TWO UNIT	$378,800	110 ft
1714 GRAND ST N E MINNEAPOLIS MN 55413	ANDREW JARED MENSING	RESIDENTIAL	$304,000	131 ft
1719 MARSHALL ST N E MINNEAPOLIS MN 55413	BALSAM REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$387,900	137 ft
1800 GRAND ST N E MINNEAPOLIS MN 55418	PACKAGING CORP OF AMERICA	LAND - INDUSTRIAL	$52,200	162 ft
1715 MARSHALL ST N E MINNEAPOLIS MN 55413	GEORGE J HECK	RESIDENTIAL	$486,400	165 ft
1710 GRAND ST N E MINNEAPOLIS MN 55413	MALEKO LATTIN-MCCRARY	RESIDENTIAL	$376,000	174 ft

Property History

Most Recent Sale

Date201808

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,567