2406 JEFFERSON ST N E MINNEAPOLIS MN 55418

PID: 1102924420036

Property Overview

Parcel ID1102924420036

Lot Size6,820 sq ft (0.157 ac)

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

Year Built1908

Property ClassRESIDENTIAL

OwnerOLENA M HANSON

Assessed Value$240,800

Land Value$134,000

Building Value$106,800

Annual Tax$4,041

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth84 ft

Area~3,777 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 3,777 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2400 JEFFERSON ST N E MINNEAPOLIS MN 55418	ELIZABETH A BACKDAHL	RESIDENTIAL	$255,600	55 ft
2412 JEFFERSON ST N E MINNEAPOLIS MN 55418	PARK AVE HOMES LLC	LOW INCOME RENTAL	$299,800	55 ft
2416 JEFFERSON ST N E MINNEAPOLIS MN 55418	ERIN KAYSER	RESIDENTIAL	$256,000	110 ft
2407 WASHINGTON ST N E MINNEAPOLIS MN 55418	SCHROEDER CONST SRVCS LLC	COMMERCIAL-PREFERRED	$275,000	127 ft
2413 WASHINGTON ST N E MINNEAPOLIS MN 55418	RENE C CALLE & LUCIA ALVAREZ	RESIDENTIAL	$262,000	135 ft
2422 JEFFERSON ST N E MINNEAPOLIS MN 55418	PEDRO TAPIA & AMANDA TAPIA	RESIDENTIAL	$325,800	165 ft
2417 WASHINGTON ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL-TWO UNIT	$0	166 ft
2407 JEFFERSON ST N E MINNEAPOLIS MN 55418	B CARLSON & K CARLSON	RESIDENTIAL	$282,100	186 ft
2411 JEFFERSON ST N E MINNEAPOLIS MN 55418	FREDY O ALVARADO	RESIDENTIAL	$274,900	191 ft
2401 JEFFERSON ST N E MINNEAPOLIS MN 55418	DANIEL DESY	RESIDENTIAL	$314,000	195 ft

Property History

Most Recent Sale

Date200911

Price$117,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,041