2221 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924420116

Property Overview

Parcel ID1102924420116

Lot Size4,551 sq ft (0.104 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerSTEPHEN R SCHLESINGER ET AL

Assessed Value$298,200

Land Value$111,000

Building Value$187,200

Annual Tax$4,822

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 2021 · Most recent: Feb 2021 (res)

ResFeb 2021Closed

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 width27 ft

Buildable depth83 ft

Area~2,242 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 2,242 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2219 MADISON ST N E MINNEAPOLIS MN 55418	ALEXANDRIA HOLECEK	RESIDENTIAL-TWO UNIT	$296,900	37 ft
2227 MADISON ST N E MINNEAPOLIS MN 55418	NICHOLAS D BISER	RESIDENTIAL	$236,600	46 ft
2215 MADISON ST N E MINNEAPOLIS MN 55418	STEPHEN R SCHLESINGER ET AL	RESIDENTIAL-TWO UNIT	$327,600	73 ft
684 23RD AVE N E MINNEAPOLIS MN 55418	RICHARD A SANFORD	RESIDENTIAL	$228,000	85 ft
2213 MADISON ST N E MINNEAPOLIS MN 55418	OPAL CARILLON ROSEMEADOWS	RESIDENTIAL	$296,100	110 ft
686 23RD AVE N E MINNEAPOLIS MN 55418	P T RILEY & J L ARAVE	RESIDENTIAL	$326,800	125 ft
2216 HOWARD ST N E MINNEAPOLIS MN 55418	GEORGE E MACKERETH	RESIDENTIAL-TWO UNIT	$364,800	144 ft
2209 MADISON ST N E MINNEAPOLIS MN 55418	SEAN GOGERTY	RESIDENTIAL-TWO UNIT	$309,300	147 ft
2301 MADISON ST N E MINNEAPOLIS MN 55418	D J MONK & M B BIERWAGEN	RESIDENTIAL	$572,500	158 ft
688 23RD AVE N E MINNEAPOLIS MN 55418	J P HOLINKA & S PINKNEY	RESIDENTIAL	$356,000	166 ft

Property History

Most Recent Sale

Date199612

Price$35,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,822