659 23RD AVE N E MINNEAPOLIS MN 55418

PID: 1102924420076

Property Overview

Parcel ID1102924420076

Lot Size13,323 sq ft (0.306 ac)

Lot Dimensions (est.)121 ft wide × 110 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerANDREW J HERSEY

Assessed Value$252,200

Land Value$151,000

Building Value$101,200

Annual Tax$4,515

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

2 permits on record since 2017 · Most recent: Feb 2021 (res)

ResFeb 2021Closed

CenterPoint Energy Resource Corp

ExistresNov 2017Closed

Freedom Heating and Air Conditioning Inc

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width108 ft

Buildable depth70 ft

Area~7,576 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 7,576 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
2311 JEFFERSON ST N E MINNEAPOLIS MN 55418	D P HAGEN & EL AHLSTROM	RESIDENTIAL	$227,800	95 ft
2300 MADISON ST N E MINNEAPOLIS MN 55418	J DONDLINGER/S DONDLINGER	TRIPLEX	$432,400	127 ft
2308 MADISON ST N E MINNEAPOLIS MN 55418	JONAH ARAGON	RESIDENTIAL	$203,300	127 ft
2312 MADISON ST N E MINNEAPOLIS MN 55418	MICHELLE FARLEY/LEISHA SUGGS	RESIDENTIAL	$288,000	148 ft
2319 JEFFERSON ST N E MINNEAPOLIS MN 55418	N CRANE-SMITH & C HEUBACH	RESIDENTIAL	$314,700	155 ft
2316 MADISON ST N E MINNEAPOLIS MN 55418	WILSON HALLEY/EMILEE HERMAN	RESIDENTIAL	$428,400	185 ft
2228 MADISON ST N E MINNEAPOLIS MN 55418	AFFORDABLE GREEN HOMES LLC	RESIDENTIAL	$197,900	188 ft
2224 MADISON ST N E MINNEAPOLIS MN 55418	CLEBER ROBLES-INAMAGUA ET AL	RESIDENTIAL	$214,100	220 ft
658 24TH AVE N E MINNEAPOLIS MN 55418	GREGORIA LOPEZ	RESIDENTIAL-TWO UNIT	$346,400	225 ft
2322 MADISON ST N E MINNEAPOLIS MN 55418	SUZANNE M SMITH	RESIDENTIAL	$298,500	228 ft

Property History

Most Recent Sale

Date200909

Price$48,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,515