2407 JEFFERSON ST N E MINNEAPOLIS MN 55418

PID: 1102924420033

Property Overview

Parcel ID1102924420033

Lot Size5,851 sq ft (0.134 ac)

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

Year Built1954

Property ClassRESIDENTIAL

OwnerB CARLSON & K CARLSON

Assessed Value$282,100

Land Value$128,000

Building Value$154,100

Annual Tax$4,339

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $14K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Expired

$14K

Eric Carlson

ExistresOct 2018Closed

Centraire Heating & Air Conditioning LLC

ExistresSep 2018Closed

Centraire Heating & Air Conditioning LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width40 ft

Buildable depth77 ft

Area~3,078 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 3,078 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2411 JEFFERSON ST N E MINNEAPOLIS MN 55418	FREDY O ALVARADO	RESIDENTIAL	$274,900	50 ft
2401 JEFFERSON ST N E MINNEAPOLIS MN 55418	DANIEL DESY	RESIDENTIAL	$314,000	50 ft
2415 JEFFERSON ST N E MINNEAPOLIS MN 55418	SURE FOUNDATION PROP LLC	RESIDENTIAL	$275,100	99 ft
2406 MADISON ST N E MINNEAPOLIS MN 55418	ALEX M HENDERSON-CLEVETTE	RESIDENTIAL	$354,200	131 ft
2400 MADISON ST N E MINNEAPOLIS MN 55418	MOWBRAY M FRIDAY	RESIDENTIAL-TWO UNIT	$402,800	140 ft
2410 MADISON ST N E MINNEAPOLIS MN 55418	DEBORAH KATHLEEN ANDERSON	RESIDENTIAL	$316,100	140 ft
2419 JEFFERSON ST N E MINNEAPOLIS MN 55418	JASON R SAVAGE	RESIDENTIAL	$264,900	147 ft
2414 MADISON ST N E MINNEAPOLIS MN 55418	JACOB SCHUTZ/REBECCA SCHUTZ	RESIDENTIAL	$378,300	164 ft
2406 JEFFERSON ST N E MINNEAPOLIS MN 55418	OLENA M HANSON	RESIDENTIAL	$240,800	186 ft
664 24TH AVE N E MINNEAPOLIS MN 55418	HALCYON PROPERTIES LLC	RESIDENTIAL	$194,900	189 ft

Property History

Most Recent Sale

Date201402

Price$100,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$4,339