2542 MONROE ST N E MINNEAPOLIS MN 55418

PID: 1102924130060

Property Overview

Parcel ID1102924130060

Lot Size4,896 sq ft (0.112 ac)

Lot Dimensions (est.)106 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerLIEM T TRUONG & TAM T TRAN

Assessed Value$285,400

Land Value$118,000

Building Value$167,400

Annual Tax$4,125

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

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width96 ft

Buildable depth6 ft

Area~2,390 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 2,390 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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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	46 ft
2538 MONROE ST N E MINNEAPOLIS MN 55418	ERIK BENSON	RESIDENTIAL	$249,200	46 ft
2534 MONROE ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	92 ft
2550 MONROE ST N E MINNEAPOLIS MN 55418	TRST DONALD/SALLY CHEVALIER	RESIDENTIAL	$392,300	93 ft
2530 MONROE ST N E MINNEAPOLIS MN 55418	MAY MARIE SHEASER ET AL	RESIDENTIAL-TWO UNIT	$322,300	138 ft
2545 MONROE ST N E MINNEAPOLIS MN 55418	CASEY J SWART	RESIDENTIAL	$409,200	169 ft
2542 HOWARD ST N E MINNEAPOLIS MN 55418	MARIA E MATUTE	RESIDENTIAL	$237,900	177 ft
2546 HOWARD ST N E MINNEAPOLIS MN 55418	SARAH CROTEAU	RESIDENTIAL	$241,200	183 ft
2538 HOWARD ST N E MINNEAPOLIS MN 55418	ALYSSA LAUREN SCHELL	RESIDENTIAL	$270,000	183 ft
2526 MONROE ST N E MINNEAPOLIS MN 55418	KIMBERLY L CLARKE	RESIDENTIAL	$282,000	189 ft

Property History

Most Recent Sale

Date199912

Price$66,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,125