2411 MONROE ST N E MINNEAPOLIS MN 55418

PID: 1102924410184

Property Overview

Parcel ID1102924410184

Lot Size6,848 sq ft (0.157 ac)

Lot Dimensions (est.)159 ft wide × 43 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerDANIEL L CULLEN

Assessed Value$325,600

Land Value$128,000

Building Value$197,600

Annual Tax$6,288

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth119 ft

Area~3,935 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 3,935 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2413 MONROE ST N E MINNEAPOLIS MN 55418	LAUREL A MALARK	APARTMENT	$411,000	43 ft
2409 MONROE ST N E MINNEAPOLIS MN 55418	JSW PROPERTIES LLC	RESIDENTIAL	$299,700	43 ft
709 24TH AVE N E MINNEAPOLIS MN 55418	J D TARP & E TARP	RESIDENTIAL	$225,300	86 ft
715 24TH AVE N E MINNEAPOLIS MN 55418	JUAN BUNAY & DOLORES VIVIAR	RESIDENTIAL-TWO UNIT	$324,100	125 ft
700 LOWRY AVE N E MINNEAPOLIS MN 55418	SAMARA 700 LOWRY AVE NE LLC	COMMERCIAL-PREFERRED	$597,000	131 ft
710 LOWRY AVE N E MINNEAPOLIS MN 55418	SARA 710 LOWRY LLC	COMMERCIAL-PREFERRED	$290,000	140 ft
719 24TH AVE N E MINNEAPOLIS MN 55418	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$218,400	168 ft
2414 QUINCY ST N E MINNEAPOLIS MN 55418	BENJAMIN ADAMS	RESIDENTIAL-TWO UNIT	$306,600	179 ft
695 24TH AVE N E MINNEAPOLIS MN 55418	JOSHUA ESCHOLES	RESIDENTIAL-TWO UNIT	$338,200	184 ft
714 LOWRY AVE N E MINNEAPOLIS MN 55418	ERIC DAVID LARSON	RESIDENTIAL-TWO UNIT	$194,700	190 ft

Property History

Most Recent Sale

Date200301

Price$239,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,288