2201 JEFFERSON ST N E MINNEAPOLIS MN 55418

PID: 1102924420130

Property Overview

Parcel ID1102924420130

Lot Size40,572 sq ft (0.931 ac)

Lot Dimensions (est.)124 ft wide × 328 ft deep

Year Built2020

Property ClassAPARTMENT

Owner2201 JEFFERSON LLC

Assessed Value$20,000,000

Land Value$491,000

Building Value$19,509,000

Annual Tax$380,508

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth288 ft

Area~32,756 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 32,756 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2212 MADISON ST N E MINNEAPOLIS MN 55418	ROBERT CRAIG WITTE II	RESIDENTIAL-TWO UNIT	$291,100	125 ft
2218 MADISON ST N E MINNEAPOLIS MN 55418	KATHERYN R UPHUS TRUST	RESIDENTIAL	$320,200	125 ft
2220 MADISON ST N E MINNEAPOLIS MN 55418	RACHEL L MARTY	RESIDENTIAL	$213,500	139 ft
2208 MADISON ST N E MINNEAPOLIS MN 55418	MEGAN GALLAGHER BINA	RESIDENTIAL	$354,500	144 ft
2224 MADISON ST N E MINNEAPOLIS MN 55418	CLEBER ROBLES-INAMAGUA ET AL	RESIDENTIAL	$214,100	162 ft
2200 MADISON ST N E MINNEAPOLIS MN 55418	MARGARET ELAINE FAAS	RESIDENTIAL	$229,400	185 ft
2228 MADISON ST N E MINNEAPOLIS MN 55418	AFFORDABLE GREEN HOMES LLC	RESIDENTIAL	$197,900	191 ft
2200 JEFFERSON ST N E MINNEAPOLIS MN 55418	BURLINGTON NORTHERN RR CO	RAILROAD	$0	232 ft
2300 MADISON ST N E MINNEAPOLIS MN 55418	J DONDLINGER/S DONDLINGER	TRIPLEX	$432,400	287 ft
659 23RD AVE N E MINNEAPOLIS MN 55418	ANDREW J HERSEY	RESIDENTIAL	$252,200	287 ft

Property History

Most Recent Sale

Date201911

Price$1,662,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$380,508