2655 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924130017

Property Overview

Parcel ID1102924130017

Lot Size5,584 sq ft (0.128 ac)

Lot Dimensions (est.)116 ft wide × 48 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerJOHN LEERAR

Assessed Value$267,900

Land Value$107,000

Building Value$160,900

Annual Tax$3,833

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · Most recent: Aug 2024 (existres)

ExistresAug 2024Inspection

MAJESTIC CUSTOM HEATING & AIR CONDITIONING

ExistresJan 2018Closed

Swat Holdings LLC

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

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,204/mo

Renter-occupied56.0%

Median home value$293K

Vacancy rate8.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1018

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width103 ft

Buildable depth8 ft

Area~2,670 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 2,670 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2651 MADISON ST N E MINNEAPOLIS MN 55418	SUZANNE LEWIS	RESIDENTIAL	$233,000	48 ft
2647 MADISON ST N E MINNEAPOLIS MN 55418	JEFFREY S OLSON	RESIDENTIAL	$219,200	95 ft
2654 HOWARD ST N E MINNEAPOLIS MN 55418	J D BRUNTZ & H R BRUNTZ	RESIDENTIAL	$234,300	130 ft
2650 HOWARD ST N E MINNEAPOLIS MN 55418	KATHERINE M YOUNG/MOLLY YAPP	RESIDENTIAL	$253,000	139 ft
2643 MADISON ST N E MINNEAPOLIS MN 55418	ALEX PATRICK JOHNSON	RESIDENTIAL	$254,300	142 ft
2646 HOWARD ST N E MINNEAPOLIS MN 55418	G & M PAMPUCH	RESIDENTIAL	$230,000	161 ft
2654 MADISON ST N E MINNEAPOLIS MN 55418	ANNA STASHA AXELL	RESIDENTIAL	$223,500	182 ft
2650 MADISON ST N E MINNEAPOLIS MN 55418	JOSE A ORTIZ & CELIA ROBLES	RESIDENTIAL	$252,500	188 ft
2639 MADISON ST N E MINNEAPOLIS MN 55418	STEVE SALCHERT	RESIDENTIAL	$243,700	190 ft
2642 HOWARD ST N E MINNEAPOLIS MN 55418	DAVID C WESTCOTT	RESIDENTIAL	$235,100	193 ft

Property History

Most Recent Sale

Date202404

Price$330,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,833