2401 HAYES ST N E MINNEAPOLIS MN 55418

PID: 1202924420077

Property Overview

Parcel ID1202924420077

Lot Size6,312 sq ft (0.145 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerJEREMY DAVID FLEM

Assessed Value$403,900

Land Value$132,000

Building Value$271,900

Annual Tax$6,228

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $31K total declared value · Most recent: Mar 2022 (res)

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResJan 2019Closed

Midwest Plumbing and Service LLC

RemodelOct 2018Closed

$22K

Jeremy D Flem

ExistresOct 2018Closed

Jeremy D Flem

MiscMay 2017Closed

$9K

DAVE KNUTSON SIDING LLC

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

Neighborhood Profile

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 width40 ft

Buildable depth86 ft

Area~3,448 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 3,448 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
2323 HAYES ST N E MINNEAPOLIS MN 55418	C M HEURING VEGOE/ERIC VEGOE	RESIDENTIAL	$600,000	50 ft
2407 HAYES ST N E MINNEAPOLIS MN 55418	M A MEIER & A T B MEIER	RESIDENTIAL	$398,800	50 ft
2411 HAYES ST N E MINNEAPOLIS MN 55418	CHAD P SYLVAIN	RESIDENTIAL	$407,000	100 ft
2402 GARFIELD ST N E MINNEAPOLIS MN 55418	MICHAEL LEHMAN	RESIDENTIAL	$446,300	140 ft
2322 GARFIELD ST N E MINNEAPOLIS MN 55418	MICHAEL A SCHMITZ	RESIDENTIAL	$595,000	148 ft
2406 GARFIELD ST N E MINNEAPOLIS MN 55418	E L W GARRITY & C WATTS	RESIDENTIAL	$351,100	149 ft
2415 HAYES ST N E MINNEAPOLIS MN 55418	GREGORY J KUPP	RESIDENTIAL-TWO UNIT	$417,700	150 ft
2318 GARFIELD ST N E MINNEAPOLIS MN 55418	KAROL M ENGER & APRIL ENGER	RESIDENTIAL	$312,000	171 ft
2410 GARFIELD ST N E MINNEAPOLIS MN 55418	ROBERT E STEPHANI	RESIDENTIAL	$393,500	172 ft
2419 HAYES ST N E MINNEAPOLIS MN 55418	THE HENRY LIVING TRUST	RESIDENTIAL	$384,000	200 ft

Property History

Most Recent Sale

Date201212

Price$162,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,228