2535 WASHINGTON ST N E MINNEAPOLIS MN 55418

PID: 1102924130272

Property Overview

Parcel ID1102924130272

Lot Size11,345 sq ft (0.260 ac)

Lot Dimensions (est.)123 ft wide × 92 ft deep

Year Built1982

Property ClassRESIDENTIAL

OwnerJ M KELLEY & P G KELLEY

Assessed Value$418,500

Land Value$159,000

Building Value$259,500

Annual Tax$6,354

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 2021 · $10K total declared value · Most recent: Oct 2024 (res)

ResOct 2024Expired

Warners Stellian Co Inc

AdditionJan 2021Closed

$10K

Voyager Siding

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 width82 ft

Buildable depth83 ft

Area~6,828 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 6,828 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2527 WASHINGTON ST N E MINNEAPOLIS MN 55418	VIATICUS PROPERTIES LLC	RESIDENTIAL	$304,800	69 ft
2539 WASHINGTON ST N E MINNEAPOLIS MN 55418	MARIE RADACHOVSKY LIV TRUST	RESIDENTIAL-TWO UNIT	$326,800	69 ft
2523 WASHINGTON ST N E MINNEAPOLIS MN 55418	CHLOE MAIERS & SADIE RIES	RESIDENTIAL	$542,600	115 ft
2543 WASHINGTON ST N E MINNEAPOLIS MN 55418	ADAM C MOYORGA	RESIDENTIAL	$375,000	115 ft
2534 JEFFERSON ST N E MINNEAPOLIS MN 55418	WANDA R HAMLETT	RESIDENTIAL-TWO UNIT	$331,600	125 ft
2530 JEFFERSON ST N E MINNEAPOLIS MN 55418	BARBARA JEAN W BELLEFEUILLE	RESIDENTIAL	$328,000	125 ft
2538 JEFFERSON ST N E MINNEAPOLIS MN 55418	ZACHARY PROSPER SOKOL	RESIDENTIAL-TWO UNIT	$332,800	141 ft
2526 JEFFERSON ST N E MINNEAPOLIS MN 55418	TRACY J STEWART	RESIDENTIAL	$265,000	141 ft
2519 WASHINGTON ST N E MINNEAPOLIS MN 55418	MATTHEW BROWN/SAMANTHA BROWN	RESIDENTIAL	$341,600	161 ft
2547 WASHINGTON ST N E MINNEAPOLIS MN 55418	MICHAEL GAY & BRIGETTE GAY	RESIDENTIAL	$339,000	161 ft

Property History

Current Tax Year

Year2026

Tax Due$6,354