2519 JEFFERSON ST N E MINNEAPOLIS MN 55418

PID: 1102924130104

Property Overview

Parcel ID1102924130104

Lot Size5,670 sq ft (0.130 ac)

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

Year Built1905

Property ClassRESIDENTIAL

OwnerJ SMEAD & C GANDENBERGER

Assessed Value$284,700

Land Value$126,000

Building Value$158,700

Annual Tax$4,114

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

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~2,997 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 2,997 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
2515 JEFFERSON ST N E MINNEAPOLIS MN 55418	GHOLAMREZA ASHRAFZADEHKIAN	RESIDENTIAL	$154,200	46 ft
2523 JEFFERSON ST N E MINNEAPOLIS MN 55418	DOUBLE BLACK DIAMOND PROP	RESIDENTIAL	$294,100	46 ft
2511 JEFFERSON ST N E MINNEAPOLIS MN 55418	ERIN TREMEL	RESIDENTIAL	$316,500	92 ft
2527 JEFFERSON ST N E MINNEAPOLIS MN 55418	A M CARPENTER & C CARPENTER	RESIDENTIAL	$285,000	92 ft
2518 MADISON ST N E MINNEAPOLIS MN 55418	JUSTIN MICHAEL MELDAUS	RESIDENTIAL	$248,000	123 ft
2522 MADISON ST N E MINNEAPOLIS MN 55418	ANDREA BECKER	RESIDENTIAL-TWO UNIT	$394,500	131 ft
2514 MADISON ST N E MINNEAPOLIS MN 55418	NOAH & JESSICA BALEGO LIV TR	RESIDENTIAL	$372,500	131 ft
2531 JEFFERSON ST N E MINNEAPOLIS MN 55418	MDC 2000 INVESTMENTS INC	RESIDENTIAL	$218,400	138 ft
2526 MADISON ST N E MINNEAPOLIS MN 55418	KACIE KARELS	RESIDENTIAL	$272,000	154 ft
2510 MADISON ST N E MINNEAPOLIS MN 55418	BALEGO AND ASSOCIATES INC	RESIDENTIAL	$266,000	154 ft

Property History

Most Recent Sale

Date202108

Price$290,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,114