2400 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924420023

Property Overview

Parcel ID1102924420023

Lot Size5,851 sq ft (0.134 ac)

Lot Dimensions (est.)117 ft wide × 50 ft deep

Year Built1953

Property ClassRESIDENTIAL-TWO UNIT

OwnerMOWBRAY M FRIDAY

Assessed Value$402,800

Land Value$128,000

Building Value$274,800

Annual Tax$6,360

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

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 width104 ft

Buildable depth10 ft

Area~2,848 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 2,848 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2406 MADISON ST N E MINNEAPOLIS MN 55418	ALEX M HENDERSON-CLEVETTE	RESIDENTIAL	$354,200	50 ft
2410 MADISON ST N E MINNEAPOLIS MN 55418	DEBORAH KATHLEEN ANDERSON	RESIDENTIAL	$316,100	100 ft
2326 MADISON ST N E MINNEAPOLIS MN 55418	NICOLE L WISWELL	RESIDENTIAL	$232,900	120 ft
664 24TH AVE N E MINNEAPOLIS MN 55418	HALCYON PROPERTIES LLC	RESIDENTIAL	$194,900	127 ft
2401 JEFFERSON ST N E MINNEAPOLIS MN 55418	DANIEL DESY	RESIDENTIAL	$314,000	131 ft
2407 JEFFERSON ST N E MINNEAPOLIS MN 55418	B CARLSON & K CARLSON	RESIDENTIAL	$282,100	140 ft
2414 MADISON ST N E MINNEAPOLIS MN 55418	JACOB SCHUTZ/REBECCA SCHUTZ	RESIDENTIAL	$378,300	149 ft
2411 JEFFERSON ST N E MINNEAPOLIS MN 55418	FREDY O ALVARADO	RESIDENTIAL	$274,900	165 ft
662 24TH AVE N E MINNEAPOLIS MN 55418	RYAN THOMAS SULLY	RESIDENTIAL-TWO UNIT	$337,600	167 ft
2322 MADISON ST N E MINNEAPOLIS MN 55418	SUZANNE M SMITH	RESIDENTIAL	$298,500	174 ft

Property History

Most Recent Sale

Date201003

Price$165,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,360