225 23RD AVE N E MINNEAPOLIS MN 55418

PID: 1102924320078

Property Overview

Parcel ID1102924320078

Lot Size3,710 sq ft (0.085 ac)

Lot Dimensions (est.)40 ft wide × 94 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerWATERSTONE INVESTMENTS INC

Assessed Value$282,100

Land Value$99,000

Building Value$183,100

Annual Tax$5,751

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Bottineau · 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 width29 ft

Buildable depth55 ft

Area~1,592 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 1,592 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
221 23RD AVE N E MINNEAPOLIS MN 55418	BARBARA JEAN JOHNSON	RESIDENTIAL	$225,600	39 ft
2300 3RD ST N E MINNEAPOLIS MN 55418	JENNIFER E DOWZAK ET AL	RESIDENTIAL	$307,400	39 ft
2310 3RD ST N E MINNEAPOLIS MN 55418	R J WARNER & T ALVES-WARNER	RESIDENTIAL-TWO UNIT	$374,900	73 ft
219 23RD AVE N E MINNEAPOLIS MN 55418	ALEXANDRA M LIVESAY	RESIDENTIAL	$289,000	79 ft
2312 3RD ST N E MINNEAPOLIS MN 55418	JAMES S TAIT	RESIDENTIAL	$277,000	119 ft
2228 3RD ST N E MINNEAPOLIS MN 55418	EMMA OSMANSKI	RESIDENTIAL	$263,100	136 ft
2305 3RD ST N E MINNEAPOLIS MN 55418	MICHAEL BREN & DIANE BREN	RESIDENTIAL-TWO UNIT	$320,800	164 ft
2318 3RD ST N E MINNEAPOLIS MN 55418	MARCO G SIBRI LLAPA ET AL	RESIDENTIAL	$311,800	166 ft
2224 3RD ST N E MINNEAPOLIS MN 55418	J A MARRONE & S R BRADY	RESIDENTIAL	$412,100	179 ft
2307 2ND ST N E MINNEAPOLIS MN 55418	JEREMY LYBACK	RESIDENTIAL-TWO UNIT	$366,100	192 ft

Property History

Most Recent Sale

Date201203

Price$57,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,751