2223 TAFT ST N E MINNEAPOLIS MN 55418

PID: 0702923320029

Property Overview

Parcel ID0702923320029

Lot Size6,125 sq ft (0.141 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerS P PETERS ET AL REV TRUST

Assessed Value$376,000

Land Value$125,000

Building Value$251,000

Annual Tax$5,642

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $37K total declared value · Most recent: Oct 2023 (remodel)

RemodelOct 2023Closed

$8K

AMERICAN WATERWORKS

ExistresSep 2023Closed

Standard Heating and Air Conditioning Inc

MiscJul 2023Closed

$3K

Geeksuite Exteriors

MiscNov 2020Closed

$13K

Geeksuite Exteriors

MiscSep 2020Closed

$6K

Geeksuite Exteriors

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

Neighborhood Profile

Windom Park · Minneapolis

Median reported rent1,181/mo

Renter-occupied31.9%

Median home value$356K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1012

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 depth82 ft

Area~3,298 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 3,298 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
2219 TAFT ST N E MINNEAPOLIS MN 55418	M J G REID & C L N G REID	RESIDENTIAL	$332,800	50 ft
2227 TAFT ST N E MINNEAPOLIS MN 55418	BRIAN K L CHIU & CHIH T CHIA	RESIDENTIAL	$413,300	50 ft
2215 TAFT ST N E MINNEAPOLIS MN 55418	KARI KOEHLER	RESIDENTIAL	$274,000	99 ft
2231 TAFT ST N E MINNEAPOLIS MN 55418	MARGERY E AMUNDSEN	RESIDENTIAL	$363,900	100 ft
2230 WILSON ST NE MINNEAPOLIS MN 55418	H HENDRICK & B LOCHER	RESIDENTIAL	$386,100	105 ft
2235 TAFT ST N E MINNEAPOLIS MN 55418	S S BRENES & E E BRENES	RESIDENTIAL	$454,000	150 ft
2238 WILSON ST NE MINNEAPOLIS MN 55418	SHAWNA MARINARO	RESIDENTIAL	$329,000	160 ft
2211 TAFT ST N E MINNEAPOLIS MN 55418	GARY R BEAVER & SUSAN ALLYN	RESIDENTIAL	$382,600	165 ft
2222 TAFT ST N E MINNEAPOLIS MN 55418	MONICA SAMPSON	RESIDENTIAL	$283,500	174 ft
2226 TAFT ST N E MINNEAPOLIS MN 55418	E GUSTAFSON & G A GUSTAFSON	RESIDENTIAL	$331,000	175 ft

Property History

Current Tax Year

Year2026

Tax Due$5,642