2614 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924130174

Property Overview

Parcel ID1102924130174

Lot Size4,653 sq ft (0.107 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerMICHAEL T HARTMANN

Assessed Value$191,800

Land Value$115,000

Building Value$76,800

Annual Tax$2,773

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

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~2,289 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 2,289 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
2618 MADISON ST N E MINNEAPOLIS MN 55418	LUIS GOMEZ-OCHOA	RESIDENTIAL	$267,000	40 ft
2610 MADISON ST N E MINNEAPOLIS MN 55418	VANESSA A HINRICHS	RESIDENTIAL	$280,500	40 ft
2622 MADISON ST N E MINNEAPOLIS MN 55418	WILLIAM R WESEN	RESIDENTIAL	$310,000	80 ft
2606 MADISON ST N E MINNEAPOLIS MN 55418	A JESSEN & S MOSIER	RESIDENTIAL	$279,000	80 ft
669 26TH AVE N E MINNEAPOLIS MN 55418	ALEJANDRO CORTES JIMENEZ	RESIDENTIAL	$279,500	115 ft
2626 MADISON ST N E MINNEAPOLIS MN 55418	JEFF ERKKILA	RESIDENTIAL	$228,300	120 ft
2615 JEFFERSON ST N E MINNEAPOLIS MN 55418	JOHN I ROG	RESIDENTIAL	$318,500	132 ft
2619 JEFFERSON ST N E MINNEAPOLIS MN 55418	ALINA KRASZKIEWICZ	RESIDENTIAL	$264,900	136 ft
2623 JEFFERSON ST N E MINNEAPOLIS MN 55418	PAUL T ROG	RESIDENTIAL	$210,500	153 ft
2630 MADISON ST N E MINNEAPOLIS MN 55418	ANNE M PUDVAH	RESIDENTIAL	$269,000	160 ft

Property History

Most Recent Sale

Date200508

Price$134,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,773