2655 UPTON AVE N MINNEAPOLIS MN 55411

PID: 0802924430032

Property Overview

Parcel ID0802924430032

Lot Size5,131 sq ft (0.118 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerNICHOLAS MEINECKE

Assessed Value$242,100

Land Value$21,000

Building Value$221,100

Annual Tax$3,385

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

3 permits on record since 2020 · $8K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Closed

CenterPoint Energy Resource Corp

RemodelSep 2020Closed

$8K

MARSHALL BROTHERS INC

ResAug 2020Closed

City Master Co

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

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,168/mo

Renter-occupied38.0%

Median home value$240K

Vacancy rate9.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1020

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,647 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 2,647 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2659 UPTON AVE N MINNEAPOLIS MN 55411	KASHA FOSTER	RESIDENTIAL	$141,000	39 ft
2651 UPTON AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	40 ft
2647 UPTON AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	80 ft
2643 UPTON AVE N MINNEAPOLIS MN 55411	ROMECERE KEMP	RESIDENTIAL	$177,000	120 ft
2701 UPTON AVE N MINNEAPOLIS MN 55411	JAVIER MONUEL MONTANO	RESIDENTIAL	$201,000	138 ft
2654 VINCENT AVE N MINNEAPOLIS MN 55411	J SYLVESTER & E SYLVESTER	RESIDENTIAL	$281,800	142 ft
2650 VINCENT AVE N MINNEAPOLIS MN 55411	SARAH WEXLAR/ANTHONY LANDAS	RESIDENTIAL	$415,000	147 ft
2656 VINCENT AVE N MINNEAPOLIS MN 55411	AMANDA APPELL	RESIDENTIAL	$234,800	147 ft
2637 UPTON AVE N MINNEAPOLIS MN 55411	ALLIANCE HOUSING INC	LOW INCOME RENTAL	$334,500	160 ft
2646 VINCENT AVE N MINNEAPOLIS MN 55411	A M GROSS & M T GROSS	RESIDENTIAL	$338,900	163 ft

Property History

Most Recent Sale

Date202012

Price$245,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,385