2506 22ND AVE N E MINNEAPOLIS MN 55418

PID: 0702923330011

Property Overview

Parcel ID0702923330011

Lot Size9,501 sq ft (0.218 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerD C TAYLOR & N R PALMQUIST

Assessed Value$490,000

Land Value$148,000

Building Value$342,000

Annual Tax$7,552

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

8 permits on record since 2018 · $195K total declared value · Most recent: Nov 2019 (res)

ResNov 2019Closed

Cities 1 Plumbing and Heating Inc

ExistresMay 2019Closed

Ray N Welter Heating Co

ResJan 2019Closed

Cities 1 Plumbing and Heating Inc

ExistresNov 2018Closed

Perfection Heating and Air Conditioning Inc

ResOct 2018Closed

Cities 1 Plumbing and Heating Inc

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
2512 22ND AVE N E MINNEAPOLIS MN 55418	JOHN WITTENBERG	RESIDENTIAL	$436,000	50 ft
2500 22ND AVE N E MINNEAPOLIS MN 55418	CHRISTINE NOYES	RESIDENTIAL	$387,800	61 ft
2516 22ND AVE N E MINNEAPOLIS MN 55418	ALWARD FAMILY TRUST	RESIDENTIAL	$409,100	100 ft
2420 22ND AVE N E MINNEAPOLIS MN 55418	PAUL G MOUDRY	RESIDENTIAL	$369,200	127 ft
2520 22ND AVE N E MINNEAPOLIS MN 55418	MARY S MACK	RESIDENTIAL	$300,000	150 ft
1930 WALDEN PL MINNEAPOLIS MN 55418	SARAH GOODMAN/KEVIN GOODMAN	RESIDENTIAL	$401,400	172 ft
2416 22ND AVE N E MINNEAPOLIS MN 55418	KATE HOFFMAN	RESIDENTIAL	$644,000	195 ft
1924 WALDEN PL MINNEAPOLIS MN 55418	BLAISE NELSON BAYER	RESIDENTIAL-TWO UNIT	$684,900	195 ft
2524 22ND AVE N E MINNEAPOLIS MN 55418	J LESSMAN & ANGELA LESSMAN	RESIDENTIAL	$424,800	199 ft
2201 ROOSEVELT ST N E MINNEAPOLIS MN 55418	DANIEL EDIE	RESIDENTIAL	$325,000	204 ft

Property History

Most Recent Sale

Date198905

Price$88,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,552