2206 MONROE ST N E MINNEAPOLIS MN 55418

PID: 1102924420102

Property Overview

Parcel ID1102924420102

Lot Size5,701 sq ft (0.131 ac)

Lot Dimensions (est.)103 ft wide × 55 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerC & B J HALLINGSTAD

Assessed Value$253,800

Land Value$118,000

Building Value$135,800

Annual Tax$3,729

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

1 permit on record since 2020 · Most recent: Feb 2020 (res)

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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 width93 ft

Buildable depth15 ft

Area~2,861 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 2,861 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
2200 MONROE ST N E MINNEAPOLIS MN 55418	KARL W EKSTROM	RESIDENTIAL	$253,200	55 ft
2212 MONROE ST N E MINNEAPOLIS MN 55418	CHRISTINE M HAMON	RESIDENTIAL	$286,900	55 ft
2216 MONROE ST N E MINNEAPOLIS MN 55418	ETHAN EARL MARSHALL	RESIDENTIAL-TWO UNIT	$344,500	111 ft
689 22ND AVE N E MINNEAPOLIS MN 55418	KYLE SCHMELZ & CARLY BAEHR	RESIDENTIAL	$337,000	140 ft
701 22ND AVE N E MINNEAPOLIS MN 55418	MARISA JANE KNOSS	RESIDENTIAL	$265,800	155 ft
2224 MONROE ST N E MINNEAPOLIS MN 55418	W S PETERSON & Y G ROGGY	RESIDENTIAL-TWO UNIT	$320,000	166 ft
685 22ND AVE N E MINNEAPOLIS MN 55418	STEWARD INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$458,700	181 ft
2212 HOWARD ST N E MINNEAPOLIS MN 55418	PATRICIA HUGHES	RESIDENTIAL	$240,400	185 ft
705 22ND AVE N E MINNEAPOLIS MN 55418	STEPHANIE JOHNSON/IAN PIERCE	RESIDENTIAL	$268,000	190 ft
2211 MONROE ST N E MINNEAPOLIS MN 55418	S J GILLIAM & A J GILLIAM	RESIDENTIAL	$303,800	190 ft

Property History

Most Recent Sale

Date199609

Price$51,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,729