2411 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924420019

Property Overview

Parcel ID1102924420019

Lot Size5,086 sq ft (0.117 ac)

Lot Dimensions (est.)124 ft wide × 41 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerJ A ALVARADO & S CUENCA

Assessed Value$185,800

Land Value$120,000

Building Value$65,800

Annual Tax$2,692

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 depth84 ft

Area~2,604 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 2,604 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2413 MADISON ST N E MINNEAPOLIS MN 55418	HARLEY LANE & BRANDON BARKER	RESIDENTIAL	$268,300	41 ft
2405 MADISON ST N E MINNEAPOLIS MN 55418	SUSANNE M FRENTRESS	RESIDENTIAL	$257,900	42 ft
2401 MADISON ST N E MINNEAPOLIS MN 55418	JASON L KORMANIK	RESIDENTIAL	$242,500	84 ft
2417 MADISON ST N E MINNEAPOLIS MN 55418	KATRINA MUNDINGER	RESIDENTIAL	$233,900	89 ft
683 24TH AVE N E MINNEAPOLIS MN 55418	MARIA JULIA TADAY ET AL	RESIDENTIAL-TWO UNIT	$361,400	96 ft
2414 HOWARD ST N E MINNEAPOLIS MN 55418	DEIDRA K PURVIS	RESIDENTIAL	$232,000	128 ft
685 24TH AVE N E MINNEAPOLIS MN 55418	SUSAN MIDGLEY SHIELDS	RESIDENTIAL-TWO UNIT	$297,000	134 ft
2418 HOWARD ST N E MINNEAPOLIS MN 55418	STEVEN C SWENDRA II	RESIDENTIAL	$295,000	152 ft
676 LOWRY AVE N E MINNEAPOLIS MN 55418	JAMES F POPP III	RESIDENTIAL	$236,800	157 ft
680 LOWRY AVE N E MINNEAPOLIS MN 55418	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	162 ft

Property History

Most Recent Sale

Date201103

Price$27,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,692