2316 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924420067

Property Overview

Parcel ID1102924420067

Lot Size7,029 sq ft (0.161 ac)

Lot Dimensions (est.)127 ft wide × 55 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerWILSON HALLEY/EMILEE HERMAN

Assessed Value$428,400

Land Value$135,000

Building Value$293,400

Annual Tax$6,955

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 width45 ft

Buildable depth88 ft

Area~3,948 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 3,948 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2312 MADISON ST N E MINNEAPOLIS MN 55418	MICHELLE FARLEY/LEISHA SUGGS	RESIDENTIAL	$288,000	55 ft
2322 MADISON ST N E MINNEAPOLIS MN 55418	SUZANNE M SMITH	RESIDENTIAL	$298,500	55 ft
2308 MADISON ST N E MINNEAPOLIS MN 55418	JONAH ARAGON	RESIDENTIAL	$203,300	110 ft
2326 MADISON ST N E MINNEAPOLIS MN 55418	NICOLE L WISWELL	RESIDENTIAL	$232,900	113 ft
664 24TH AVE N E MINNEAPOLIS MN 55418	HALCYON PROPERTIES LLC	RESIDENTIAL	$194,900	117 ft
662 24TH AVE N E MINNEAPOLIS MN 55418	RYAN THOMAS SULLY	RESIDENTIAL-TWO UNIT	$337,600	121 ft
2319 JEFFERSON ST N E MINNEAPOLIS MN 55418	N CRANE-SMITH & C HEUBACH	RESIDENTIAL	$314,700	125 ft
2311 JEFFERSON ST N E MINNEAPOLIS MN 55418	D P HAGEN & EL AHLSTROM	RESIDENTIAL	$227,800	130 ft
658 24TH AVE N E MINNEAPOLIS MN 55418	GREGORIA LOPEZ	RESIDENTIAL-TWO UNIT	$346,400	152 ft
2300 MADISON ST N E MINNEAPOLIS MN 55418	J DONDLINGER/S DONDLINGER	TRIPLEX	$432,400	165 ft

Property History

Most Recent Sale

Date201308

Price$225,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,955