318 WASHBURN AVE N MINNEAPOLIS MN 55405

PID: 2002924430021

Property Overview

Parcel ID2002924430021

Lot Size5,076 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerMERRICK M MAYER

Assessed Value$393,700

Land Value$199,000

Building Value$194,700

Annual Tax$5,912

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $15K total declared value · Most recent: Jan 2026 (existres)

ExistresJan 2026Closed

STAFFORD HOME SERVICE

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$15K

Canfield Creations

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 depth87 ft

Area~2,612 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 2,612 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
314 WASHBURN AVE N MINNEAPOLIS MN 55405	P QUINN & A K JOHNSON	RESIDENTIAL	$356,500	40 ft
310 WASHBURN AVE N MINNEAPOLIS MN 55405	A R AUCHTER & B D AUCHTER	RESIDENTIAL	$417,200	80 ft
2817 GLENWOOD AVE MINNEAPOLIS MN 55405	MERRICK M MAYER	RESIDENTIAL-TWO UNIT	$437,800	90 ft
2823 GLENWOOD AVE MINNEAPOLIS MN 55405	MARK K & LOREN SALVO BAIRD	RESIDENTIAL-TWO UNIT	$412,500	98 ft
2815 GLENWOOD AVE MINNEAPOLIS MN 55405	ROBERT S IBLER	RESIDENTIAL-TWO UNIT	$437,700	102 ft
306 WASHBURN AVE N MINNEAPOLIS MN 55405	T C PAGENHART & G S ROCK	RESIDENTIAL	$497,500	120 ft
2809 GLENWOOD AVE MINNEAPOLIS MN 55405	AMANDA L S DEGIDIO	RESIDENTIAL	$338,300	130 ft
319 VINCENT AVE N MINNEAPOLIS MN 55405	CHRISTOPHER BENNER	RESIDENTIAL-TWO UNIT	$521,200	143 ft
313 VINCENT AVE N MINNEAPOLIS MN 55405	M C DEYOUNG & J J NOVAK	RESIDENTIAL	$494,500	156 ft
302 WASHBURN AVE N MINNEAPOLIS MN 55405	JENIFER LOUISE MCCLURE	RESIDENTIAL	$502,500	165 ft

Property History

Most Recent Sale

Date202007

Price$316,500

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$5,912