1518 FREMONT AVE N MINNEAPOLIS MN 55411

PID: 1602924430090

Property Overview

Parcel ID1602924430090

Lot Size7,277 sq ft (0.167 ac)

Lot Dimensions (est.)154 ft wide × 47 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerTHOMAS M O'TOOLE

Assessed Value$237,000

Land Value$28,000

Building Value$209,000

Annual Tax$3,315

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Near - North · Minneapolis

Median reported rent409/mo

Renter-occupied59.5%

Median home value$245K

Vacancy rate10.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1263

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width37 ft

Buildable depth115 ft

Area~4,248 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 3-story wood frame (5–12 units) benchmarks for 4,248 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1514 FREMONT AVE N MINNEAPOLIS MN 55411	ERIKA KEATON & GRETA KEATON	RESIDENTIAL	$243,000	47 ft
1522 FREMONT AVE N MINNEAPOLIS MN 55411	DAVID NGUYEN & LUCY DUNNE	RESIDENTIAL-TWO UNIT	$283,500	47 ft
1510 FREMONT AVE N MINNEAPOLIS MN 55411	C THOMASON/E THOMASON ET AL	RESIDENTIAL	$176,600	94 ft
1524 FREMONT AVE N MINNEAPOLIS MN 55411	CHRISTOPHER H WINGER	RESIDENTIAL-TWO UNIT	$273,300	94 ft
1506 FREMONT AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL-TWO UNIT	$0	141 ft
1519 EMERSON AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	174 ft
1515 EMERSON AVE N MINNEAPOLIS MN 55411	MESSAN ADJREKE	RESIDENTIAL	$337,000	180 ft
1502 FREMONT AVE N MINNEAPOLIS MN 55411	PHILLIP CLYDE ALEXANDER	RESIDENTIAL	$338,000	188 ft
1523 EMERSON AVE N MINNEAPOLIS MN 55411	HENN CO HSG & REDEV AUTH	APARTMENT	$0	188 ft
1511 EMERSON AVE N MINNEAPOLIS MN 55411	SHAWN M DWYER	RESIDENTIAL	$429,000	198 ft

Property History

Most Recent Sale

Date200512

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,315