412 22ND AVE N E MINNEAPOLIS MN 55418

PID: 1102924310153

Property Overview

Parcel ID1102924310153

Lot Size8,688 sq ft (0.199 ac)

Lot Dimensions (est.)67 ft wide × 130 ft deep

Year Built1914

Property ClassAPARTMENT

OwnerDAN FUNK

Assessed Value$512,000

Land Value$130,700

Building Value$381,300

Annual Tax$9,723

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 17

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 width56 ft

Buildable depth92 ft

Area~5,132 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 5,132 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
406 22ND AVE N E MINNEAPOLIS MN 55418	E BEYER HOLDINGS LLC	APARTMENT	$593,000	66 ft
420 22ND AVE N E MINNEAPOLIS MN 55418	SACRED HEART POL CATH CH	RESIDENTIAL	$0	84 ft
2109 4TH ST N E MINNEAPOLIS MN 55418	C KNUTSON & B WICHMANN	RESIDENTIAL	$283,000	116 ft
2108 5TH ST N E MINNEAPOLIS MN 55418	QUINN K NELSON/P L PORTILLA	RESIDENTIAL-TWO UNIT	$346,100	124 ft
2105 4TH ST N E MINNEAPOLIS MN 55418	STEVEN SCOTT	RESIDENTIAL	$123,000	133 ft
400 22ND AVE N E MINNEAPOLIS MN 55418	NORTHEAST HOLDINGS LLC	CONDOMINIUM	$70,000	135 ft
400 22ND AVE N E MINNEAPOLIS MN 55418	NORTHEAST HOLDINGS LLC	CONDOMINIUM	$81,000	135 ft
400 22ND AVE N E MINNEAPOLIS MN 55418	NORTHEAST HOLDINGS LLC	CONDOMINIUM	$82,000	135 ft
400 22ND AVE N E MINNEAPOLIS MN 55418	NORTHEAST HOLDINGS LLC	CONDOMINIUM	$131,000	135 ft
400 22ND AVE N E MINNEAPOLIS MN 55418	NORTHEAST HOLDINGS LLC	CONDOMINIUM	$82,000	135 ft

Property History

Most Recent Sale

Date200804

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,723