2643 UPTON AVE N MINNEAPOLIS MN 55411

PID: 0802924430035

Property Overview

Parcel ID0802924430035

Lot Size5,132 sq ft (0.118 ac)

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

Year Built1931

Property ClassRESIDENTIAL

OwnerROMECERE KEMP

Assessed Value$177,000

Land Value$21,000

Building Value$156,000

Annual Tax$2,300

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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~2,648 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 2,648 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
2647 UPTON AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	40 ft
2637 UPTON AVE N MINNEAPOLIS MN 55411	ALLIANCE HOUSING INC	LOW INCOME RENTAL	$334,500	40 ft
2651 UPTON AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	80 ft
2635 UPTON AVE N MINNEAPOLIS MN 55411	NATONIA E JOHNSON	RESIDENTIAL	$325,000	80 ft
2655 UPTON AVE N MINNEAPOLIS MN 55411	NICHOLAS MEINECKE	RESIDENTIAL	$242,100	120 ft
2629 UPTON AVE N MINNEAPOLIS MN 55411	JIM LOVESTAR	RESIDENTIAL	$194,000	140 ft
2642 VINCENT AVE N MINNEAPOLIS MN 55411	C M ANKRUM & R E ANKRUM	RESIDENTIAL	$325,600	142 ft
2638 VINCENT AVE N MINNEAPOLIS MN 55411	EUGENIA LYNNE BRYANT	RESIDENTIAL	$356,400	148 ft
2646 VINCENT AVE N MINNEAPOLIS MN 55411	A M GROSS & M T GROSS	RESIDENTIAL	$338,900	148 ft
2659 UPTON AVE N MINNEAPOLIS MN 55411	KASHA FOSTER	RESIDENTIAL	$141,000	159 ft

Property History

Most Recent Sale

Date200209

Price$137,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,300