2654 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924130024

Property Overview

Parcel ID1102924130024

Lot Size5,584 sq ft (0.128 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerANNA STASHA AXELL

Assessed Value$223,500

Land Value$107,000

Building Value$116,500

Annual Tax$3,144

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2025 · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

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~2,671 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 2,671 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
2650 MADISON ST N E MINNEAPOLIS MN 55418	JOSE A ORTIZ & CELIA ROBLES	RESIDENTIAL	$252,500	47 ft
2646 MADISON ST N E MINNEAPOLIS MN 55418	J D MORRISON & M K MORRISON	RESIDENTIAL	$206,400	94 ft
2655 JEFFERSON ST N E MINNEAPOLIS MN 55418	NICOLE DARISE GERBER	RESIDENTIAL	$230,300	130 ft
2651 JEFFERSON ST N E MINNEAPOLIS MN 55418	ADAM BARTHEL/OLIVIA BARTHEL	RESIDENTIAL	$203,400	138 ft
2642 MADISON ST N E MINNEAPOLIS MN 55418	CARRIE E CASMEY	RESIDENTIAL	$249,300	142 ft
2647 JEFFERSON ST N E MINNEAPOLIS MN 55418	DOUG WAHL	RESIDENTIAL	$203,700	160 ft
2655 MADISON ST N E MINNEAPOLIS MN 55418	JOHN LEERAR	RESIDENTIAL	$267,900	182 ft
2651 MADISON ST N E MINNEAPOLIS MN 55418	SUZANNE LEWIS	RESIDENTIAL	$233,000	188 ft
2638 MADISON ST N E MINNEAPOLIS MN 55418	SEAMUS M FOLLIARD	RESIDENTIAL	$254,400	189 ft
2643 JEFFERSON ST N E MINNEAPOLIS MN 55418	B D KNIGHT & N J KNIGHT	RESIDENTIAL	$242,600	192 ft

Property History

Most Recent Sale

Date202001

Price$245,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,144