2501 FILLMORE ST N E MINNEAPOLIS MN 55418

PID: 1202924240175

Property Overview

Parcel ID1202924240175

Lot Size5,083 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerROXANNE G JACOBSON

Assessed Value$360,500

Land Value$89,000

Building Value$271,500

Annual Tax$6,079

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · $10K total declared value · Most recent: Dec 2021 (existres)

ExistresDec 2021Closed

Ray N Welter Heating Co

MiscSep 2017Closed

$10K

Roxanne G Mortensen

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

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 11

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~2,175 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,175 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
2505 FILLMORE ST N E MINNEAPOLIS MN 55418	P M ATANALIAN/C E ATANALIAN	RESIDENTIAL	$349,200	38 ft
2509 FILLMORE ST N E MINNEAPOLIS MN 55418	ANDREA J ROMANIAK	TRIPLEX	$420,200	76 ft
1213 LOWRY AVE N E MINNEAPOLIS MN 55418	SAM KREBS	RESIDENTIAL-TWO UNIT	$408,000	98 ft
2423 FILLMORE ST N E MINNEAPOLIS MN 55418	CHANDRAWATTEE SAMKARRAN	RESIDENTIAL	$417,300	107 ft
2511 FILLMORE ST N E MINNEAPOLIS MN 55418	EAST AND WEST LLC	RESIDENTIAL	$273,200	112 ft
1217 LOWRY AVE N E MINNEAPOLIS MN 55418	MERCEDES BERGMAN	VACANT LAND-RESIDENTIAL	$60,000	138 ft
2515 FILLMORE ST N E MINNEAPOLIS MN 55418	BRIAN LEACH	RESIDENTIAL-TWO UNIT	$339,700	149 ft
2419 FILLMORE ST N E MINNEAPOLIS MN 55418	KATHLEEN F ASH	RESIDENTIAL-TWO UNIT	$339,400	157 ft
2508 PIERCE ST N E MINNEAPOLIS MN 55418	FRANK J GASCICH	RESIDENTIAL	$216,000	159 ft
2512 PIERCE ST N E MINNEAPOLIS MN 55418	D J REKSTAD & M L REKSTAD	RESIDENTIAL	$507,000	179 ft

Property History

Most Recent Sale

Date198907

Price$76,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,079