2514 WASHINGTON ST N E MINNEAPOLIS MN 55418

PID: 1102924130261

Property Overview

Parcel ID1102924130261

Lot Size5,351 sq ft (0.123 ac)

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

Year Built1952

Property ClassRESIDENTIAL

OwnerJ PORRAZZO & D RAY

Assessed Value$306,700

Land Value$117,000

Building Value$189,700

Annual Tax$4,483

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

2 permits on record since 2019 · $18K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Closed

$18K

Handyman Connection of Eden Prairie

ResMay 2019Expired

Urban Pine Plumbing and Mechanical 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth76 ft

Area~2,746 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 2,746 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
2518 WASHINGTON ST N E MINNEAPOLIS MN 55418	DIRBWERK A YIMER	RESIDENTIAL	$311,000	46 ft
2510 WASHINGTON ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	46 ft
2522 WASHINGTON ST N E MINNEAPOLIS MN 55418	D D ARSENEAU & C A ARSENEAU	RESIDENTIAL	$307,800	92 ft
627 LOWRY AVE N E MINNEAPOLIS MN 55418	TROY THOMPSON	RESIDENTIAL-TWO UNIT	$479,700	123 ft
2519 7TH ST N E MINNEAPOLIS MN 55418	DARLA JEAN KRUTZIG	RESIDENTIAL	$317,900	129 ft
2501 7TH ST N E MINNEAPOLIS MN 55418	MARK T EGGERS	RESIDENTIAL	$330,400	130 ft
2526 WASHINGTON ST N E MINNEAPOLIS MN 55418	TRENTON J REHBERGER	RESIDENTIAL	$303,800	138 ft
2523 7TH ST N E MINNEAPOLIS MN 55418	GARY R NEIL & ANGELA L NEIL	RESIDENTIAL	$347,400	159 ft
2530 WASHINGTON ST N E MINNEAPOLIS MN 55418	DEEQ ALI NUR	RESIDENTIAL	$335,300	184 ft
2515 WASHINGTON ST N E MINNEAPOLIS MN 55418	CONOR WELLS	RESIDENTIAL	$266,300	185 ft

Property History

Most Recent Sale

Date200607

Price$217,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,483