673 22ND AVE N E MINNEAPOLIS MN 55418

PID: 1102924420121

Property Overview

Parcel ID1102924420121

Lot Size5,541 sq ft (0.127 ac)

Lot Dimensions (est.)60 ft wide × 92 ft deep

Year Built1916

Property ClassRESIDENTIAL-TWO UNIT

OwnerJ & M RUDNIK

Assessed Value$357,800

Land Value$122,000

Building Value$235,800

Annual Tax$5,338

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

3 permits on record since 2021 · Most recent: Dec 2024 (existres)

ExistresDec 2024Inspection

Home Energy Center Inc

ResFeb 2021Closed

CenterPoint Energy Resource Corp

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

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 width47 ft

Buildable depth52 ft

Area~2,454 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 2,454 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
677 22ND AVE N E MINNEAPOLIS MN 55418	JOSHUA CHRISTIAN STRAWHACKER	RESIDENTIAL-TWO UNIT	$376,500	62 ft
2209 MADISON ST N E MINNEAPOLIS MN 55418	SEAN GOGERTY	RESIDENTIAL-TWO UNIT	$309,300	72 ft
2213 MADISON ST N E MINNEAPOLIS MN 55418	OPAL CARILLON ROSEMEADOWS	RESIDENTIAL	$296,100	106 ft
681 22ND AVE N E MINNEAPOLIS MN 55418	BARBARA J SKOKAN	RESIDENTIAL	$197,000	115 ft
2215 MADISON ST N E MINNEAPOLIS MN 55418	STEPHEN R SCHLESINGER ET AL	RESIDENTIAL-TWO UNIT	$327,600	142 ft
685 22ND AVE N E MINNEAPOLIS MN 55418	STEWARD INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$458,700	156 ft
2200 MADISON ST N E MINNEAPOLIS MN 55418	MARGARET ELAINE FAAS	RESIDENTIAL	$229,400	159 ft
2208 MADISON ST N E MINNEAPOLIS MN 55418	MEGAN GALLAGHER BINA	RESIDENTIAL	$354,500	165 ft
2212 HOWARD ST N E MINNEAPOLIS MN 55418	PATRICIA HUGHES	RESIDENTIAL	$240,400	176 ft
2219 MADISON ST N E MINNEAPOLIS MN 55418	ALEXANDRIA HOLECEK	RESIDENTIAL-TWO UNIT	$296,900	177 ft

Property History

Current Tax Year

Year2026

Tax Due$5,338