612 23RD AVE N E MINNEAPOLIS MN 55418

PID: 1102924310103

Property Overview

Parcel ID1102924310103

Lot Size4,544 sq ft (0.104 ac)

Lot Dimensions (est.)41 ft wide × 110 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerRILEY MCNUTT & JULIE MAY

Assessed Value$292,100

Land Value$111,000

Building Value$181,100

Annual Tax$4,237

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

No permits found in Minneapolis open data for this parcel.

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 width31 ft

Buildable depth71 ft

Area~2,192 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 2,192 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
614 23RD AVE N E MINNEAPOLIS MN 55418	WILL MOLTER	RESIDENTIAL	$344,000	41 ft
610 23RD AVE N E MINNEAPOLIS MN 55418	P F & N J SUTTON	RESIDENTIAL	$309,000	41 ft
2218 7TH ST N E MINNEAPOLIS MN 55418	AARON CHRISTOPHER STEIN	RESIDENTIAL	$404,000	82 ft
2223 6TH ST N E MINNEAPOLIS MN 55418	THOMAS JOHN DADY SR	RESIDENTIAL	$350,600	126 ft
2227 6TH ST N E MINNEAPOLIS MN 55418	S M MEMORICH & J A MEMORICH	RESIDENTIAL	$378,700	127 ft
2212 7TH ST N E MINNEAPOLIS MN 55418	ROSANNA L NELSON	RESIDENTIAL	$285,500	138 ft
2219 6TH ST N E MINNEAPOLIS MN 55418	GARTH A BLOMBERG	RESIDENTIAL	$323,000	146 ft
2302 7TH ST N E MINNEAPOLIS MN 55418	HANNAH M ARVOLD	RESIDENTIAL	$318,400	148 ft
2213 6TH ST N E MINNEAPOLIS MN 55418	MARK A BERGSTROM	RESIDENTIAL	$275,200	185 ft
2229 7TH ST N E MINNEAPOLIS MN 55418	MARK E CALIGIURI	RESIDENTIAL	$330,000	191 ft

Property History

Most Recent Sale

Date201510

Price$170,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,237