689 22ND AVE N E MINNEAPOLIS MN 55418

PID: 1102924420108

Property Overview

Parcel ID1102924420108

Lot Size4,512 sq ft (0.104 ac)

Lot Dimensions (est.)41 ft wide × 110 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerKYLE SCHMELZ & CARLY BAEHR

Assessed Value$337,000

Land Value$110,000

Building Value$227,000

Annual Tax$4,989

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

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 width28 ft

Buildable depth70 ft

Area~1,962 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 1,962 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
685 22ND AVE N E MINNEAPOLIS MN 55418	STEWARD INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$458,700	41 ft
681 22ND AVE N E MINNEAPOLIS MN 55418	BARBARA J SKOKAN	RESIDENTIAL	$197,000	82 ft
2212 HOWARD ST N E MINNEAPOLIS MN 55418	PATRICIA HUGHES	RESIDENTIAL	$240,400	84 ft
2216 HOWARD ST N E MINNEAPOLIS MN 55418	GEORGE E MACKERETH	RESIDENTIAL-TWO UNIT	$364,800	135 ft
677 22ND AVE N E MINNEAPOLIS MN 55418	JOSHUA CHRISTIAN STRAWHACKER	RESIDENTIAL-TWO UNIT	$376,500	135 ft
2206 MONROE ST N E MINNEAPOLIS MN 55418	C & B J HALLINGSTAD	RESIDENTIAL	$253,800	140 ft
2200 MONROE ST N E MINNEAPOLIS MN 55418	KARL W EKSTROM	RESIDENTIAL	$253,200	141 ft
2212 MONROE ST N E MINNEAPOLIS MN 55418	CHRISTINE M HAMON	RESIDENTIAL	$286,900	160 ft
2209 MADISON ST N E MINNEAPOLIS MN 55418	SEAN GOGERTY	RESIDENTIAL-TWO UNIT	$309,300	174 ft
2213 MADISON ST N E MINNEAPOLIS MN 55418	OPAL CARILLON ROSEMEADOWS	RESIDENTIAL	$296,100	189 ft

Property History

Most Recent Sale

Date202107

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,989