2315 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924420088

Property Overview

Parcel ID1102924420088

Lot Size4,550 sq ft (0.104 ac)

Lot Dimensions (est.)124 ft wide × 37 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerKATHERINE ANNE HORNBACHER

Assessed Value$349,500

Land Value$111,000

Building Value$238,500

Annual Tax$5,198

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 width26 ft

Buildable depth86 ft

Area~2,241 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 2,241 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2311 MADISON ST N E MINNEAPOLIS MN 55418	EBONY WALKER	RESIDENTIAL-TWO UNIT	$310,600	37 ft
2319 MADISON ST N E MINNEAPOLIS MN 55418	CITY OF MINNEAPOLIS	RESIDENTIAL-TWO UNIT	$0	39 ft
2309 MADISON ST N E MINNEAPOLIS MN 55418	J P KOSKI & A G KOSKI	RESIDENTIAL-TWO UNIT	$358,300	74 ft
2321 MADISON ST N E MINNEAPOLIS MN 55418	S & L TILLMANN-HAUSER	RESIDENTIAL	$331,000	85 ft
2303 MADISON ST N E MINNEAPOLIS MN 55418	DREW SHIM	RESIDENTIAL-TWO UNIT	$359,500	110 ft
2312 HOWARD ST N E MINNEAPOLIS MN 55418	OTTO B CHRISTENSON	RESIDENTIAL-TWO UNIT	$264,200	125 ft
2316 HOWARD ST N E MINNEAPOLIS MN 55418	KYRIACOS KOULLAPIS	RESIDENTIAL-TWO UNIT	$362,200	127 ft
2310 HOWARD ST N E MINNEAPOLIS MN 55418	ANGEL YAURI-YANGARI	RESIDENTIAL-TWO UNIT	$259,800	135 ft
682 24TH AVE N E MINNEAPOLIS MN 55418	LAWRENCE J NOWAK	RESIDENTIAL	$176,000	137 ft
674 24TH AVE N E MINNEAPOLIS MN 55418	JOSEPH P WIENERET AL LIV TR	RESIDENTIAL	$287,000	141 ft

Property History

Most Recent Sale

Date202507

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,198