2227 6TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310106

Property Overview

Parcel ID1102924310106

Lot Size6,815 sq ft (0.156 ac)

Lot Dimensions (est.)124 ft wide × 55 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerS M MEMORICH & J A MEMORICH

Assessed Value$378,700

Land Value$134,000

Building Value$244,700

Annual Tax$5,687

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

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 width111 ft

Buildable depth15 ft

Area~3,523 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 3,523 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
2223 6TH ST N E MINNEAPOLIS MN 55418	THOMAS JOHN DADY SR	RESIDENTIAL	$350,600	50 ft
610 23RD AVE N E MINNEAPOLIS MN 55418	P F & N J SUTTON	RESIDENTIAL	$309,000	87 ft
2219 6TH ST N E MINNEAPOLIS MN 55418	GARTH A BLOMBERG	RESIDENTIAL	$323,000	105 ft
2303 6TH ST N E MINNEAPOLIS MN 55418	T J DYRDAHL & T L DYRDAHL	RESIDENTIAL-TWO UNIT	$352,400	121 ft
612 23RD AVE N E MINNEAPOLIS MN 55418	RILEY MCNUTT & JULIE MAY	RESIDENTIAL	$292,100	127 ft
2213 6TH ST N E MINNEAPOLIS MN 55418	MARK A BERGSTROM	RESIDENTIAL	$275,200	165 ft
2218 7TH ST N E MINNEAPOLIS MN 55418	AARON CHRISTOPHER STEIN	RESIDENTIAL	$404,000	166 ft
614 23RD AVE N E MINNEAPOLIS MN 55418	WILL MOLTER	RESIDENTIAL	$344,000	167 ft
2302 7TH ST N E MINNEAPOLIS MN 55418	HANNAH M ARVOLD	RESIDENTIAL	$318,400	173 ft
2309 6TH ST N E MINNEAPOLIS MN 55418	JON CHOV & GINA CHOV	RESIDENTIAL-TWO UNIT	$327,900	176 ft

Property History

Most Recent Sale

Date198510

Price$63,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,687