2537 QUINCY ST N E MINNEAPOLIS MN 55418

PID: 1102924140096

Property Overview

Parcel ID1102924140096

Lot Size8,369 sq ft (0.192 ac)

Lot Dimensions (est.)181 ft wide × 46 ft deep

Year Built1890

Property ClassAPARTMENT

OwnerNAOMI M BABCOCK

Assessed Value$463,000

Land Value$100,500

Building Value$362,500

Annual Tax$9,142

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2021 · Most recent: Feb 2026 (commercial minor)

Commercial MinorFeb 2026Inspection

Urban Pine Plumbing and Mechanical Inc

ResDec 2021Closed

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 depth142 ft

Area~5,109 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 5,109 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
2535 QUINCY ST N E MINNEAPOLIS MN 55418	CATHY J PETERSON	RESIDENTIAL	$348,400	46 ft
2541 QUINCY ST N E MINNEAPOLIS MN 55418	ANDREW JAMES II	RESIDENTIAL-TWO UNIT	$360,800	46 ft
2531 QUINCY ST N E MINNEAPOLIS MN 55418	MARC SCAMP & GUDRUN LOCK	RESIDENTIAL	$379,700	92 ft
810 26TH AVE N E MINNEAPOLIS MN 55418	JAMES D RUNCK	RESIDENTIAL-TWO UNIT	$336,900	117 ft
804 26TH AVE N E MINNEAPOLIS MN 55418	WESTCHESTER INVESTMENTS INC	RESIDENTIAL-TWO UNIT	$290,000	121 ft
814 26TH AVE N E MINNEAPOLIS MN 55418	MICRO HOUSING 814 LLC	RESIDENTIAL-TWO UNIT	$405,600	136 ft
802 26TH AVE N E MINNEAPOLIS MN 55418	KRISTIN J BERGESON	RESIDENTIAL-TWO UNIT	$361,000	137 ft
2527 QUINCY ST N E MINNEAPOLIS MN 55418	MARIE B HELGEVOLD ETAL	RESIDENTIAL	$318,400	138 ft
816 26TH AVE N E MINNEAPOLIS MN 55418	K J KALLHOFF & M P KALLHOFF	RESIDENTIAL	$243,500	167 ft
2523 QUINCY ST N E MINNEAPOLIS MN 55418	S D DOMINIC & T LARSON	RESIDENTIAL	$263,900	184 ft

Property History

Most Recent Sale

Date201801

Price$200,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,142