2601 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924130162

Property Overview

Parcel ID1102924130162

Lot Size3,525 sq ft (0.081 ac)

Lot Dimensions (est.)116 ft wide × 30 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerRICHARD ALLEN HIME

Assessed Value$289,600

Land Value$98,000

Building Value$191,600

Annual Tax$4,195

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $10K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscMar 2021Closed

$6K

Black Ladder Restoration LLC

MiscApr 2017Closed

$4K

SELA ROOFING AND REMODELING 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 width103 ft

Buildable depth0 ft

Area~1,321 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,321 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2603 MADISON ST N E MINNEAPOLIS MN 55418	MARTINA M PRIADKA	RESIDENTIAL	$313,500	35 ft
2611 MADISON ST N E MINNEAPOLIS MN 55418	D N GRANDY & A M GRANDY	RESIDENTIAL	$319,700	75 ft
2551 MADISON ST N E MINNEAPOLIS MN 55418	F KELLOGG & S GHANATABADI	RESIDENTIAL	$239,200	99 ft
2615 MADISON ST N E MINNEAPOLIS MN 55418	MARCY CHESNEY	RESIDENTIAL	$284,900	115 ft
687 26TH AVE N E MINNEAPOLIS MN 55418	M JOHNSON & R D COCKER	RESIDENTIAL	$313,500	116 ft
2547 MADISON ST N E MINNEAPOLIS MN 55418	KELSEY OLSON/DAVID FROHLICH	RESIDENTIAL	$245,100	146 ft
2619 MADISON ST N E MINNEAPOLIS MN 55418	DAVID MANCUSO	RESIDENTIAL	$294,200	155 ft
2550 HOWARD ST N E MINNEAPOLIS MN 55418	JEFFREY DAHLEN	RESIDENTIAL	$242,200	163 ft
691 26TH AVE N E MINNEAPOLIS MN 55418	A J VOEGELE & J P VOEGELE	RESIDENTIAL-TWO UNIT	$297,500	171 ft
2612 HOWARD ST N E MINNEAPOLIS MN 55418	J & T CALL	RESIDENTIAL	$241,000	173 ft

Property History

Most Recent Sale

Date201211

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,195