2406 6TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310013

Property Overview

Parcel ID1102924310013

Lot Size3,160 sq ft (0.073 ac)

Lot Dimensions (est.)115 ft wide × 28 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerGONZALO SEGARA

Assessed Value$282,500

Land Value$90,000

Building Value$192,500

Annual Tax$5,365

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: Jul 2021 (misc)

MiscJul 2021Closed

$3K

Gonzalo P Segara

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 width18 ft

Buildable depth73 ft

Area~1,311 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 1,311 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2408 6TH ST N E MINNEAPOLIS MN 55418	MUI LIAN CHEUN	RESIDENTIAL-TWO UNIT	$340,200	23 ft
2402 6TH ST N E MINNEAPOLIS MN 55418	MAXIMILLIAN CECIL REV LIV TR	RESIDENTIAL-TWO UNIT	$312,500	41 ft
2412 6TH ST N E MINNEAPOLIS MN 55418	E DOLENTZ/M O PRADO	RESIDENTIAL	$347,100	69 ft
2418 6TH ST N E MINNEAPOLIS MN 55418	D L PUST & J M DEGOLIER	RESIDENTIAL	$271,300	124 ft
2405 5TH ST N E MINNEAPOLIS MN 55418	DAVID ARNOLD JOHNSON	RESIDENTIAL-TWO UNIT	$326,600	129 ft
2403 5TH ST N E MINNEAPOLIS MN 55418	ISAAC PETERS & JOANNE PETERS	LOW INCOME RENTAL	$303,300	130 ft
2407 5TH ST N E MINNEAPOLIS MN 55418	DAVID J MANTHEI	RESIDENTIAL-TWO UNIT	$337,300	136 ft
2401 5TH ST N E MINNEAPOLIS MN 55418	G J CUTLER & D Z CUTLER	RESIDENTIAL-TWO UNIT	$322,800	138 ft
2409 5TH ST N E MINNEAPOLIS MN 55418	CARLOS A SINCHI	RESIDENTIAL-TWO UNIT	$355,200	151 ft
2326 6TH ST N E MINNEAPOLIS MN 55418	MYRON T LUTTER	RESIDENTIAL	$238,600	163 ft

Property History

Most Recent Sale

Date201104

Price$26,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,365