2929 18TH AVE N MINNEAPOLIS MN 55411

PID: 1702924420199

Property Overview

Parcel ID1702924420199

Lot Size5,202 sq ft (0.119 ac)

Lot Dimensions (est.)40 ft wide × 130 ft deep

Year Built1970

Property ClassRESIDENTIAL

OwnerOLLIE J BISHOP

Assessed Value$216,900

Land Value$42,000

Building Value$174,900

Annual Tax$3,197

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,042/mo

Renter-occupied38.0%

Median home value$229K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 27

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width27 ft

Buildable depth90 ft

Area~2,429 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 2,429 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2925 18TH AVE N MINNEAPOLIS MN 55411	RENE ROBLES	RESIDENTIAL	$194,600	40 ft
2919 18TH AVE N MINNEAPOLIS MN 55411	C LAVICTOIRE & P GRONBERG	RESIDENTIAL	$319,800	80 ft
2915 18TH AVE N MINNEAPOLIS MN 55411	FOXRAIL REVOCABLE TRUST	RESIDENTIAL	$97,200	120 ft
1700 XERXES AVE N MINNEAPOLIS MN 55411	B BROWN & A BROWN	RESIDENTIAL	$244,000	143 ft
1715 XERXES AVE N GOLDEN VALLEY MN 55411	MICHELLE L HRIBAR	RESIDENTIAL	$290,400	155 ft
2916 17TH AVE N MINNEAPOLIS MN 55411	RAYMOND M DUFFY	RESIDENTIAL	$353,500	158 ft
2911 18TH AVE N MINNEAPOLIS MN 55411	PASCAL R THOMAS	RESIDENTIAL	$269,400	160 ft
1717 XERXES AVE N GOLDEN VALLEY MN 55411	J A KIDD & D A LUTGEN	RESIDENTIAL	$480,100	170 ft
1711 XERXES AVE N GOLDEN VALLEY MN 55411	J MILTON & N MILTON	RESIDENTIAL	$308,200	177 ft
2912 17TH AVE N MINNEAPOLIS MN 55411	NIRMAL MEKALA & ANN MEKALA	RESIDENTIAL	$304,800	184 ft

Property History

Current Tax Year

Year2026

Tax Due$3,197