618 MADISON ST N E MINNEAPOLIS MN 55413

PID: 1402924420067

Property Overview

Parcel ID1402924420067

Lot Size5,186 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMARGARETA R NORSTEN

Assessed Value$332,300

Land Value$130,000

Building Value$202,300

Annual Tax$4,911

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $28K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$13K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

ExistresJan 2024Closed

Standard Heating and Air Conditioning Inc

MiscMay 2023Closed

$13K

Mayday Restoration

MiscApr 2022Closed

$2K

PURPOSE DRIVEN RESTORATION

ResOct 2021Closed

Warners Stellian Co Inc

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

Neighborhood Profile

St. Anthony East · Minneapolis

Median reported rent1,213/mo

Renter-occupied58.9%

Median home value$337K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1031

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 depth90 ft

Area~2,688 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 2,688 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
620 MADISON ST N E MINNEAPOLIS MN 55413	C GARMAN & J GARMAN	RESIDENTIAL	$363,500	40 ft
614 MADISON ST N E MINNEAPOLIS MN 55413	DUCCIO MONDANELLI ET AL	RESIDENTIAL	$296,000	40 ft
610 MADISON ST N E MINNEAPOLIS MN 55413	AARON SHEKEY	RESIDENTIAL	$292,700	80 ft
624 MADISON ST N E MINNEAPOLIS MN 55413	EVIE & LARRY S JONES	RESIDENTIAL-TWO UNIT	$518,700	90 ft
617 JEFFERSON ST N E MINNEAPOLIS MN 55413	DON C WILLIAMS	RESIDENTIAL-TWO UNIT	$409,400	139 ft
673 SPRING ST N E MINNEAPOLIS MN 55413	EHB R/E INVESTING LLC	RESIDENTIAL	$175,000	141 ft
600 MADISON ST N E MINNEAPOLIS MN 55413	AARON SHEKEY	RESIDENTIAL	$255,700	145 ft
621 JEFFERSON ST N E MINNEAPOLIS MN 55413	JEFFREY J SKOMRA	RESIDENTIAL	$312,700	145 ft
613 JEFFERSON ST N E MINNEAPOLIS MN 55413	REBECCA PULVER	RESIDENTIAL-TWO UNIT	$392,600	145 ft
671 SPRING ST N E MINNEAPOLIS MN 55413	CATHERINE CAMPION	LOW INCOME RENTAL	$287,200	149 ft

Property History

Most Recent Sale

Date199109

Price$60,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,911