2311 JEFFERSON ST N E MINNEAPOLIS MN 55418

PID: 1102924420075

Property Overview

Parcel ID1102924420075

Lot Size9,641 sq ft (0.221 ac)

Lot Dimensions (est.)120 ft wide × 80 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerD P HAGEN & EL AHLSTROM

Assessed Value$227,800

Land Value$134,000

Building Value$93,800

Annual Tax$3,526

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

3 permits on record since 2024 · $11K total declared value · Most recent: Sep 2025 (res)

ResSep 2025Inspection

Your Home Improvement Company LLC

RemodelSep 2025Inspection

$6K

GREAT DAY IMPROVEMENTS LLC

RemodelSep 2024Closed

$5K

SAINT PAUL JACK

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 width70 ft

Buildable depth81 ft

Area~5,630 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 5,630 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2319 JEFFERSON ST N E MINNEAPOLIS MN 55418	N CRANE-SMITH & C HEUBACH	RESIDENTIAL	$314,700	60 ft
659 23RD AVE N E MINNEAPOLIS MN 55418	ANDREW J HERSEY	RESIDENTIAL	$252,200	95 ft
2312 MADISON ST N E MINNEAPOLIS MN 55418	MICHELLE FARLEY/LEISHA SUGGS	RESIDENTIAL	$288,000	124 ft
2316 MADISON ST N E MINNEAPOLIS MN 55418	WILSON HALLEY/EMILEE HERMAN	RESIDENTIAL	$428,400	130 ft
658 24TH AVE N E MINNEAPOLIS MN 55418	GREGORIA LOPEZ	RESIDENTIAL-TWO UNIT	$346,400	130 ft
652 24TH AVE N E MINNEAPOLIS MN 55418	ANSU KOUROUMA	RESIDENTIAL-TWO UNIT	$263,200	136 ft
662 24TH AVE N E MINNEAPOLIS MN 55418	RYAN THOMAS SULLY	RESIDENTIAL-TWO UNIT	$337,600	136 ft
2308 MADISON ST N E MINNEAPOLIS MN 55418	JONAH ARAGON	RESIDENTIAL	$203,300	141 ft
2322 MADISON ST N E MINNEAPOLIS MN 55418	SUZANNE M SMITH	RESIDENTIAL	$298,500	157 ft
2300 MADISON ST N E MINNEAPOLIS MN 55418	J DONDLINGER/S DONDLINGER	TRIPLEX	$432,400	174 ft

Property History

Most Recent Sale

Date202501

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,526