2544 QUINCY ST N E MINNEAPOLIS MN 55418

PID: 1102924140106

Property Overview

Parcel ID1102924140106

Lot Size4,834 sq ft (0.111 ac)

Lot Dimensions (est.)156 ft wide × 31 ft deep

Year Built1915

Property ClassRESIDENTIAL-TWO UNIT

OwnerJOSE ERNESTO PEREZ ET AL

Assessed Value$398,100

Land Value$114,000

Building Value$284,100

Annual Tax$6,236

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 2021 · $3K total declared value · Most recent: Oct 2021 (misc)

MiscOct 2021Closed

$3K

Jose E Perez

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 width21 ft

Buildable depth116 ft

Area~2,435 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 2,435 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2542 QUINCY ST N E MINNEAPOLIS MN 55418	KRISTEN J MIKKELSON	RESIDENTIAL	$294,600	31 ft
718 26TH AVE N E MINNEAPOLIS MN 55418	SARAH MADIGAN	RESIDENTIAL	$255,500	53 ft
2548 QUINCY ST N E MINNEAPOLIS MN 55418	JASON R CLARK & ANNE M CLARK	RESIDENTIAL	$241,800	57 ft
2540 QUINCY ST N E MINNEAPOLIS MN 55418	L F FARAH & B E FARAH	RESIDENTIAL-TWO UNIT	$289,400	61 ft
2538 QUINCY ST N E MINNEAPOLIS MN 55418	TODD W HELMER TRUST	RESIDENTIAL-TWO UNIT	$376,200	100 ft
712 26TH AVE N E MINNEAPOLIS MN 55418	M A THRASHER & C THRASHER	RESIDENTIAL-TWO UNIT	$482,800	132 ft
2534 QUINCY ST N E MINNEAPOLIS MN 55418	JEANNIE E SADLER	RESIDENTIAL-TWO UNIT	$385,600	146 ft
2602 QUINCY ST N E MINNEAPOLIS MN 55418	M C CRIOLLO & D C MEDINA	RESIDENTIAL	$299,100	146 ft
802 26TH AVE N E MINNEAPOLIS MN 55418	KRISTIN J BERGESON	RESIDENTIAL-TWO UNIT	$361,000	176 ft
2541 MONROE ST N E MINNEAPOLIS MN 55418	MARY PRICE	RESIDENTIAL-TWO UNIT	$397,200	180 ft

Property History

Most Recent Sale

Date200601

Price$273,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,236