2224 MADISON ST N E MINNEAPOLIS MN 55418

PID: 1102924420128

Property Overview

Parcel ID1102924420128

Lot Size5,154 sq ft (0.118 ac)

Lot Dimensions (est.)125 ft wide × 41 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerCLEBER ROBLES-INAMAGUA ET AL

Assessed Value$214,100

Land Value$118,000

Building Value$96,100

Annual Tax$3,169

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 width31 ft

Buildable depth86 ft

Area~2,655 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 2,655 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2228 MADISON ST N E MINNEAPOLIS MN 55418	AFFORDABLE GREEN HOMES LLC	RESIDENTIAL	$197,900	40 ft
2220 MADISON ST N E MINNEAPOLIS MN 55418	RACHEL L MARTY	RESIDENTIAL	$213,500	42 ft
2218 MADISON ST N E MINNEAPOLIS MN 55418	KATHERYN R UPHUS TRUST	RESIDENTIAL	$320,200	84 ft
2212 MADISON ST N E MINNEAPOLIS MN 55418	ROBERT CRAIG WITTE II	RESIDENTIAL-TWO UNIT	$291,100	123 ft
2300 MADISON ST N E MINNEAPOLIS MN 55418	J DONDLINGER/S DONDLINGER	TRIPLEX	$432,400	154 ft
2201 JEFFERSON ST N E MINNEAPOLIS MN 55418	2201 JEFFERSON LLC	APARTMENT	$20,000,000	162 ft
2208 MADISON ST N E MINNEAPOLIS MN 55418	MEGAN GALLAGHER BINA	RESIDENTIAL	$354,500	178 ft
2221 MADISON ST N E MINNEAPOLIS MN 55418	STEPHEN R SCHLESINGER ET AL	RESIDENTIAL	$298,200	191 ft
2227 MADISON ST N E MINNEAPOLIS MN 55418	NICHOLAS D BISER	RESIDENTIAL	$236,600	193 ft
2219 MADISON ST N E MINNEAPOLIS MN 55418	ALEXANDRIA HOLECEK	RESIDENTIAL-TWO UNIT	$296,900	197 ft

Property History

Most Recent Sale

Date200303

Price$127,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,169