2514 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924130097

Property Overview

Parcel ID1102924130097

Lot Size5,670 sq ft (0.130 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerNOAH & JESSICA BALEGO LIV TR

Assessed Value$372,500

Land Value$126,000

Building Value$246,500

Annual Tax$5,845

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

12 permits on record since 2019 · $114K total declared value · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

MiscAug 2022Closed

$15K

RENEWAL BY ANDERSEN CORP

RemodelJun 2021Closed

$15K

UNGERMAN INC

ResJun 2021Cancelled

UNGERMAN INC

ResJun 2021Closed

Plumbing West 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth83 ft

Area~2,996 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 2,996 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
2518 MADISON ST N E MINNEAPOLIS MN 55418	JUSTIN MICHAEL MELDAUS	RESIDENTIAL	$248,000	46 ft
2510 MADISON ST N E MINNEAPOLIS MN 55418	BALEGO AND ASSOCIATES INC	RESIDENTIAL	$266,000	46 ft
2522 MADISON ST N E MINNEAPOLIS MN 55418	ANDREA BECKER	RESIDENTIAL-TWO UNIT	$394,500	92 ft
2500 MADISON ST N E MINNEAPOLIS MN 55418	CJB PROPERTY LLC	RESIDENTIAL	$372,000	115 ft
2515 JEFFERSON ST N E MINNEAPOLIS MN 55418	GHOLAMREZA ASHRAFZADEHKIAN	RESIDENTIAL	$154,200	123 ft
2511 JEFFERSON ST N E MINNEAPOLIS MN 55418	ERIN TREMEL	RESIDENTIAL	$316,500	131 ft
2519 JEFFERSON ST N E MINNEAPOLIS MN 55418	J SMEAD & C GANDENBERGER	RESIDENTIAL	$284,700	131 ft
2526 MADISON ST N E MINNEAPOLIS MN 55418	KACIE KARELS	RESIDENTIAL	$272,000	138 ft
661 LOWRY AVE N E MINNEAPOLIS MN 55418	JOEY JAMES BEUNING	RESIDENTIAL	$236,100	148 ft
2523 JEFFERSON ST N E MINNEAPOLIS MN 55418	DOUBLE BLACK DIAMOND PROP	RESIDENTIAL	$294,100	154 ft

Property History

Most Recent Sale

Date200504

Price$164,850

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,845