2550 MONROE ST N E MINNEAPOLIS MN 55418

PID: 1102924130058

Property Overview

Parcel ID1102924130058

Lot Size5,059 sq ft (0.116 ac)

Lot Dimensions (est.)106 ft wide × 48 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerTRST DONALD/SALLY CHEVALIER

Assessed Value$392,300

Land Value$120,000

Building Value$272,300

Annual Tax$3,984

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

1 permit on record since 2018 · Most recent: Dec 2018 (res)

ResDec 2018Expired

Urban Pine Plumbing and Mechanical Inc

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 width93 ft

Buildable depth8 ft

Area~2,942 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 2,942 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
2546 MONROE ST N E MINNEAPOLIS MN 55418	RICHARD SUTTON & LORY SUTTON	RESIDENTIAL	$301,700	47 ft
2542 MONROE ST N E MINNEAPOLIS MN 55418	LIEM T TRUONG & TAM T TRAN	RESIDENTIAL	$285,400	93 ft
2600 MONROE ST N E MINNEAPOLIS MN 55418	G A POLVERARI & M T NGUYEN	RESIDENTIAL	$254,900	99 ft
2606 MONROE ST N E MINNEAPOLIS MN 55418	RODERICK J CASTLEBACK	RESIDENTIAL-TWO UNIT	$280,900	134 ft
2538 MONROE ST N E MINNEAPOLIS MN 55418	ERIK BENSON	RESIDENTIAL	$249,200	139 ft
2545 MONROE ST N E MINNEAPOLIS MN 55418	CASEY J SWART	RESIDENTIAL	$409,200	156 ft
2610 MONROE ST N E MINNEAPOLIS MN 55418	NEAL J REITER	RESIDENTIAL-TWO UNIT	$270,800	174 ft
2550 HOWARD ST N E MINNEAPOLIS MN 55418	JEFFREY DAHLEN	RESIDENTIAL	$242,200	177 ft
2546 HOWARD ST N E MINNEAPOLIS MN 55418	SARAH CROTEAU	RESIDENTIAL	$241,200	183 ft
2534 MONROE ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	185 ft

Property History

Current Tax Year

Year2026

Tax Due$3,984