2542 WASHINGTON ST N E MINNEAPOLIS MN 55418

PID: 1102924130141

Property Overview

Parcel ID1102924130141

Lot Size5,350 sq ft (0.123 ac)

Lot Dimensions (est.)116 ft wide × 46 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerS BRUEMMER & D MOLDENHAUER

Assessed Value$421,200

Land Value$117,000

Building Value$304,200

Annual Tax$6,400

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 2017 · Most recent: Feb 2017 (existres)

ExistresFeb 2017Closed

Standard Heating and Air Conditioning 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 depth76 ft

Area~2,746 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 2,746 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2546 WASHINGTON ST N E MINNEAPOLIS MN 55418	COLLIN J SANDOE	RESIDENTIAL	$278,300	46 ft
2538 WASHINGTON ST N E MINNEAPOLIS MN 55418	JOHN A BAYER & SARA B BAYER	RESIDENTIAL	$324,200	46 ft
2534 WASHINGTON ST N E MINNEAPOLIS MN 55418	E J CAULUM & M B PETERSON	RESIDENTIAL	$311,000	92 ft
2550 WASHINGTON ST N E MINNEAPOLIS MN 55418	JOSEPH A KENNEDY	RESIDENTIAL	$301,600	93 ft
2547 7TH ST N E MINNEAPOLIS MN 55418	SHAWN L POSTERA	RESIDENTIAL	$186,900	131 ft
2543 7TH ST N E MINNEAPOLIS MN 55418	M & C STANDAL	RESIDENTIAL	$278,900	133 ft
2530 WASHINGTON ST N E MINNEAPOLIS MN 55418	DEEQ ALI NUR	RESIDENTIAL	$335,300	138 ft
2551 7TH ST N E MINNEAPOLIS MN 55418	MARVIN L PATZNER	RESIDENTIAL	$265,400	140 ft
2539 7TH ST N E MINNEAPOLIS MN 55418	T I BRAUN & J M BRAUN	RESIDENTIAL	$233,400	146 ft
2555 7TH ST N E MINNEAPOLIS MN 55418	TRAVIS TAYLOR	RESIDENTIAL	$234,200	161 ft

Property History

Most Recent Sale

Date201808

Price$325,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,400