2627 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924130168

Property Overview

Parcel ID1102924130168

Lot Size4,650 sq ft (0.107 ac)

Lot Dimensions (est.)116 ft wide × 40 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerMIGUEL ANGEL TUBA ET AL

Assessed Value$231,100

Land Value$114,000

Building Value$117,100

Annual Tax$3,430

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

5 permits on record since 2019 · $16K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$10K

24 RESTORE

ResMay 2021Closed

MN Plumbing & Home Services INC

MiscOct 2019Closed

$3K

THE HOME DEPOT

MiscAug 2019Closed

$1K

THE HOME DEPOT

MiscJun 2019Closed

$1K

THE HOME DEPOT

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 width30 ft

Buildable depth76 ft

Area~2,287 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 2,287 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2623 MADISON ST N E MINNEAPOLIS MN 55418	J MARTIN & L FILTER	RESIDENTIAL	$273,900	40 ft
2631 MADISON ST N E MINNEAPOLIS MN 55418	SUGARLAND PROPERTIES LLC	RESIDENTIAL	$252,700	40 ft
2619 MADISON ST N E MINNEAPOLIS MN 55418	DAVID MANCUSO	RESIDENTIAL	$294,200	80 ft
2635 MADISON ST N E MINNEAPOLIS MN 55418	NICHOLAS KRAUSE	RESIDENTIAL	$271,000	86 ft
2615 MADISON ST N E MINNEAPOLIS MN 55418	MARCY CHESNEY	RESIDENTIAL	$284,900	120 ft
2626 HOWARD ST N E MINNEAPOLIS MN 55418	ANTONIO CONDA & SARAH FLYNN	RESIDENTIAL	$263,800	130 ft
2639 MADISON ST N E MINNEAPOLIS MN 55418	STEVE SALCHERT	RESIDENTIAL	$243,700	136 ft
2630 HOWARD ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	136 ft
2622 HOWARD ST N E MINNEAPOLIS MN 55418	GREGORY LINDBERG	RESIDENTIAL	$525,000	136 ft
2616 HOWARD ST N E MINNEAPOLIS MN 55418	J T PENAFIEL & M LANDI	RESIDENTIAL	$296,500	153 ft

Property History

Most Recent Sale

Date200712

Price$152,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,430