2624 WASHINGTON ST N E MINNEAPOLIS MN 55418

PID: 1102924130198

Property Overview

Parcel ID1102924130198

Lot Size4,653 sq ft (0.107 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerS MCNAMEE & K JOHNSON

Assessed Value$241,300

Land Value$109,000

Building Value$132,300

Annual Tax$3,387

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 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
2622 WASHINGTON ST N E MINNEAPOLIS MN 55418	JILL ZIMMERMAN	RESIDENTIAL	$267,100	40 ft
2630 WASHINGTON ST N E MINNEAPOLIS MN 55418	ASHLEY L ERSFELD	RESIDENTIAL	$312,200	46 ft
2616 WASHINGTON ST N E MINNEAPOLIS MN 55418	ZEPHANIAH J MOSES	RESIDENTIAL	$290,700	80 ft
2632 WASHINGTON ST N E MINNEAPOLIS MN 55418	ADRIANNE PAULSON	RESIDENTIAL	$198,800	95 ft
2625 7TH ST N E MINNEAPOLIS MN 55418	BRAD C CARLSON	RESIDENTIAL	$270,600	130 ft
2619 7TH ST N E MINNEAPOLIS MN 55418	WILLIAM PETER BAUMANN	RESIDENTIAL	$221,100	133 ft
2614 WASHINGTON ST N E MINNEAPOLIS MN 55418	KYLE B JACOBSON	RESIDENTIAL	$150,000	140 ft
2627 7TH ST N E MINNEAPOLIS MN 55418	LISA LYNN POWERS	RESIDENTIAL	$237,400	140 ft
2636 WASHINGTON ST N E MINNEAPOLIS MN 55418	EDMUND BABCOCK	RESIDENTIAL	$217,000	141 ft
2617 7TH ST N E MINNEAPOLIS MN 55418	R B JONES & T M JONES	RESIDENTIAL	$278,100	148 ft

Property History

Most Recent Sale

Date200412

Price$167,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,387