2523 MCKINLEY ST N E MINNEAPOLIS MN 55418

PID: 1202924140139

Property Overview

Parcel ID1202924140139

Lot Size5,048 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerJAMES JAEWOO BAEK

Assessed Value$315,600

Land Value$130,000

Building Value$185,600

Annual Tax$4,886

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $36K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$11K

Cardinal Exteriors and Home Services LLC

ResMar 2022Closed

CenterPoint Energy Resource Corp

ExistresJan 2020Closed

BOEHM HEATING

ExistresSep 2018Closed

Binder Heating and Air Conditioning Inc

AdditionJul 2018Closed

$25K

J AND D BUILDERS INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,181/mo

Renter-occupied31.9%

Median home value$356K

Vacancy rate3.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1012

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 width30 ft

Buildable depth86 ft

Area~2,585 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 2,585 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2519 MCKINLEY ST N E MINNEAPOLIS MN 55418	S M SCHNEIDER/R A SCHNEIDER	RESIDENTIAL	$329,800	40 ft
2527 MCKINLEY ST N E MINNEAPOLIS MN 55418	STATT PROPERTIES LP	RESIDENTIAL	$267,300	40 ft
2515 MCKINLEY ST N E MINNEAPOLIS MN 55418	KYLE P GOERTZ/SARAH A ORANGE	RESIDENTIAL	$358,600	80 ft
2531 MCKINLEY ST N E MINNEAPOLIS MN 55418	JAMES G PARKER/CARLY PARKER	RESIDENTIAL	$264,700	80 ft
2511 MCKINLEY ST N E MINNEAPOLIS MN 55418	TRACY BRYAN	RESIDENTIAL	$342,100	120 ft
2535 MCKINLEY ST N E MINNEAPOLIS MN 55418	MELISSA J DODGE	RESIDENTIAL	$340,400	120 ft
2522 STINSON PKWY MINNEAPOLIS MN 55418	CHRISTOPHER DAVID	RESIDENTIAL	$391,000	140 ft
2518 STINSON PKWY MINNEAPOLIS MN 55418	J BRIESCHKE & S A CADOTTE	RESIDENTIAL	$203,600	145 ft
2526 STINSON PKWY MINNEAPOLIS MN 55418	ELIZABETH BURNS	RESIDENTIAL	$373,700	146 ft
2539 MCKINLEY ST N E MINNEAPOLIS MN 55418	CHAD & MELODY AMBORN TRUST	RESIDENTIAL	$329,600	160 ft

Property History

Most Recent Sale

Date202407

Price$345,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,886