2402 6TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310012

Property Overview

Parcel ID1102924310012

Lot Size6,319 sq ft (0.145 ac)

Lot Dimensions (est.)115 ft wide × 55 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerMAXIMILLIAN CECIL REV LIV TR

Assessed Value$312,500

Land Value$130,000

Building Value$182,500

Annual Tax$4,579

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

3 permits on record since 2020 · Most recent: Nov 2025 (existres)

ExistresNov 2025Closed

ST PAUL PLUMBING AND HEATING CO INC

ResJan 2024Closed

Hutton Plumbing LLC

ExistresDec 2020Closed

Standard Heating and Air Conditioning 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width102 ft

Buildable depth15 ft

Area~3,144 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 3,144 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2406 6TH ST N E MINNEAPOLIS MN 55418	GONZALO SEGARA	RESIDENTIAL-TWO UNIT	$282,500	41 ft
2408 6TH ST N E MINNEAPOLIS MN 55418	MUI LIAN CHEUN	RESIDENTIAL-TWO UNIT	$340,200	61 ft
2412 6TH ST N E MINNEAPOLIS MN 55418	E DOLENTZ/M O PRADO	RESIDENTIAL	$347,100	110 ft
2326 6TH ST N E MINNEAPOLIS MN 55418	MYRON T LUTTER	RESIDENTIAL	$238,600	122 ft
2401 5TH ST N E MINNEAPOLIS MN 55418	G J CUTLER & D Z CUTLER	RESIDENTIAL-TWO UNIT	$322,800	129 ft
512 24TH AVE N E MINNEAPOLIS MN 55418	TIARRA E COOLEY	RESIDENTIAL	$165,800	129 ft
2403 5TH ST N E MINNEAPOLIS MN 55418	ISAAC PETERS & JOANNE PETERS	LOW INCOME RENTAL	$303,300	130 ft
2405 5TH ST N E MINNEAPOLIS MN 55418	DAVID ARNOLD JOHNSON	RESIDENTIAL-TWO UNIT	$326,600	140 ft
2407 5TH ST N E MINNEAPOLIS MN 55418	DAVID J MANTHEI	RESIDENTIAL-TWO UNIT	$337,300	155 ft
2418 6TH ST N E MINNEAPOLIS MN 55418	D L PUST & J M DEGOLIER	RESIDENTIAL	$271,300	165 ft

Property History

Most Recent Sale

Date200911

Price$135,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,579