2554 JOHNSON ST N E MINNEAPOLIS MN 55418

PID: 1202924240205

Property Overview

Parcel ID1202924240205

Lot Size6,248 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1938

Property ClassRESIDENTIAL-TWO UNIT

OwnerROSE J SCALZO TRUST

Assessed Value$423,500

Land Value$109,000

Building Value$314,500

Annual Tax$8,043

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · Most recent: Jan 2025 (res)

ResJan 2025Closed

Roberts Plumbing Inc

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResApr 2020Closed

Warners Stellian Co 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 rent1,414/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 width110 ft

Buildable depth10 ft

Area~2,973 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 2,973 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
2550 JOHNSON ST N E MINNEAPOLIS MN 55418	J J KRAUSE & B J HOFFMANN	RESIDENTIAL	$405,500	50 ft
2546 JOHNSON ST N E MINNEAPOLIS MN 55418	WILCOX COUNSELING LLC	RESIDENTIAL	$393,900	95 ft
2542 JOHNSON ST N E MINNEAPOLIS MN 55418	LYNN M SHEGSTAD	RESIDENTIAL	$297,000	135 ft
1500 26TH AVE N E MINNEAPOLIS MN 55418	JENNIFER BRAMA/JUSTIN BRAMA	APARTMENT	$572,000	139 ft
1517 26TH AVE N E MINNEAPOLIS MN 55418	K BORCHERT & J RODRIGUEZ	RESIDENTIAL	$323,200	148 ft
2551 LINCOLN ST N E MINNEAPOLIS MN 55418	PARKER GRUNDVIG/ANDREW BJERK	RESIDENTIAL	$334,200	148 ft
2600 JOHNSON ST N E MINNEAPOLIS MN 55418	2600 JOHNSON LLC	COMMERCIAL-PREFERRED	$470,000	154 ft
1513 26TH AVE N E MINNEAPOLIS MN 55418	BETTY B RISSER	RESIDENTIAL	$308,500	155 ft
2547 LINCOLN ST N E MINNEAPOLIS MN 55418	M BANCZAK & R BANCZAK	RESIDENTIAL	$304,600	168 ft
1509 26TH AVE N E MINNEAPOLIS MN 55418	KAY EILEEN TROAN	TRIPLEX	$558,300	174 ft

Property History

Most Recent Sale

Date200105

Price$235,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,043