2516 22ND AVE N E MINNEAPOLIS MN 55418

PID: 0702923330009

Property Overview

Parcel ID0702923330009

Lot Size9,501 sq ft (0.218 ac)

Lot Dimensions (est.)51 ft wide × 187 ft deep

Year Built1942

Property ClassRESIDENTIAL

OwnerALWARD FAMILY TRUST

Assessed Value$409,100

Land Value$148,000

Building Value$261,100

Annual Tax$6,267

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $67K total declared value · Most recent: May 2026 (misc)

MiscMay 2026Final Inspection

$28K

CUSTOM REMODELERS LLC

MiscMay 2026Final Inspection

$5K

CUSTOM REMODELERS LLC

MiscApr 2023Closed

$22K

Premier Roofing Inc

MiscJul 2019Closed

$12K

MN FINE HOMES

ResNov 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

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 depth150 ft

Area~6,001 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 6,001 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
2520 22ND AVE N E MINNEAPOLIS MN 55418	MARY S MACK	RESIDENTIAL	$300,000	50 ft
2512 22ND AVE N E MINNEAPOLIS MN 55418	JOHN WITTENBERG	RESIDENTIAL	$436,000	50 ft
2524 22ND AVE N E MINNEAPOLIS MN 55418	J LESSMAN & ANGELA LESSMAN	RESIDENTIAL	$424,800	100 ft
2506 22ND AVE N E MINNEAPOLIS MN 55418	D C TAYLOR & N R PALMQUIST	RESIDENTIAL	$490,000	100 ft
2528 22ND AVE N E MINNEAPOLIS MN 55418	JESSLYNN JARVI/PATRICK JARVI	RESIDENTIAL	$383,200	150 ft
2500 22ND AVE N E MINNEAPOLIS MN 55418	CHRISTINE NOYES	RESIDENTIAL	$387,800	160 ft
1938 WALDEN PL MINNEAPOLIS MN 55418	JOHN SLACK & COLLEEN SLACK	RESIDENTIAL	$496,100	169 ft
1930 WALDEN PL MINNEAPOLIS MN 55418	SARAH GOODMAN/KEVIN GOODMAN	RESIDENTIAL	$401,400	178 ft
2532 22ND AVE N E MINNEAPOLIS MN 55418	JI KENG CHEN	RESIDENTIAL	$306,000	199 ft
2200 TAFT ST N E MINNEAPOLIS MN 55418	DIANE A PERRY-HILL	RESIDENTIAL	$351,100	211 ft

Property History

Most Recent Sale

Date201408

Price$227,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,267