2651 WASHINGTON ST N E MINNEAPOLIS MN 55418

PID: 1102924130231

Property Overview

Parcel ID1102924130231

Lot Size5,377 sq ft (0.123 ac)

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

Year Built1903

Property ClassRESIDENTIAL

OwnerALOIS J BILEK

Assessed Value$254,000

Land Value$100,000

Building Value$154,000

Annual Tax$3,932

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 (res)

ResFeb 2017Closed

CENTERPOINT ENERGY

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 depth77 ft

Area~2,764 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 2,764 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
2647 WASHINGTON ST N E MINNEAPOLIS MN 55418	RHONDA R PETERSON	RESIDENTIAL	$281,000	46 ft
2655 WASHINGTON ST N E MINNEAPOLIS MN 55418	COREY HARRIS & JAMIE HARRIS	RESIDENTIAL	$346,700	47 ft
2643 WASHINGTON ST N E MINNEAPOLIS MN 55418	MICHAEL JORGENSON	RESIDENTIAL	$332,000	93 ft
644 27TH AVE N E MINNEAPOLIS MN 55418	T J ENGEL & J S HOOD	RESIDENTIAL	$306,000	110 ft
2646 JEFFERSON ST N E MINNEAPOLIS MN 55418	KAYE A & BRUCE P DEBLIECK	RESIDENTIAL	$269,100	138 ft
2639 WASHINGTON ST N E MINNEAPOLIS MN 55418	ANTHONY J BUDA	RESIDENTIAL	$350,700	139 ft
2642 JEFFERSON ST N E MINNEAPOLIS MN 55418	SARA FALTINSON	RESIDENTIAL	$291,100	160 ft
2650 JEFFERSON ST N E MINNEAPOLIS MN 55418	JOSEPH K BARTUSKI	RESIDENTIAL	$252,800	166 ft
2646 WASHINGTON ST N E MINNEAPOLIS MN 55418	V & N ALEKSEEV	RESIDENTIAL	$349,600	182 ft
2644 WASHINGTON ST N E MINNEAPOLIS MN 55418	RAYMOND PAUSER	RESIDENTIAL-TWO UNIT	$281,000	187 ft

Property History

Current Tax Year

Year2026

Tax Due$3,932