2400 JEFFERSON ST N E MINNEAPOLIS MN 55418

PID: 1102924420035

Property Overview

Parcel ID1102924420035

Lot Size6,820 sq ft (0.157 ac)

Lot Dimensions (est.)124 ft wide × 55 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerELIZABETH A BACKDAHL

Assessed Value$255,600

Land Value$134,000

Building Value$121,600

Annual Tax$3,941

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2021 · Most recent: Feb 2021 (res)

ResFeb 2021Closed

CenterPoint Energy Resource Corp

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth15 ft

Area~3,359 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 3-story wood frame (5–12 units) benchmarks for 3,359 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2406 JEFFERSON ST N E MINNEAPOLIS MN 55418	OLENA M HANSON	RESIDENTIAL	$240,800	55 ft
2412 JEFFERSON ST N E MINNEAPOLIS MN 55418	PARK AVE HOMES LLC	LOW INCOME RENTAL	$299,800	110 ft
2407 WASHINGTON ST N E MINNEAPOLIS MN 55418	SCHROEDER CONST SRVCS LLC	COMMERCIAL-PREFERRED	$275,000	127 ft
2416 JEFFERSON ST N E MINNEAPOLIS MN 55418	ERIN KAYSER	RESIDENTIAL	$256,000	165 ft
2413 WASHINGTON ST N E MINNEAPOLIS MN 55418	RENE C CALLE & LUCIA ALVAREZ	RESIDENTIAL	$262,000	166 ft
2401 JEFFERSON ST N E MINNEAPOLIS MN 55418	DANIEL DESY	RESIDENTIAL	$314,000	186 ft
2407 JEFFERSON ST N E MINNEAPOLIS MN 55418	B CARLSON & K CARLSON	RESIDENTIAL	$282,100	192 ft
2417 WASHINGTON ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL-TWO UNIT	$0	206 ft
652 24TH AVE N E MINNEAPOLIS MN 55418	ANSU KOUROUMA	RESIDENTIAL-TWO UNIT	$263,200	206 ft
2411 JEFFERSON ST N E MINNEAPOLIS MN 55418	FREDY O ALVARADO	RESIDENTIAL	$274,900	210 ft

Property History

Most Recent Sale

Date199710

Price$69,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,941