416 MADISON ST N E MINNEAPOLIS MN 55413

PID: 1402924430045

Property Overview

Parcel ID1402924430045

Lot Size5,834 sq ft (0.134 ac)

Lot Dimensions (est.)129 ft wide × 45 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerM F DOWNEY & M A DOWNEY

Assessed Value$430,800

Land Value$200,000

Building Value$230,800

Annual Tax$6,614

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

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 width35 ft

Buildable depth90 ft

Area~3,136 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 3,136 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
412 MADISON ST N E MINNEAPOLIS MN 55413	MDC 2000 INVESTMENTS INC	RESIDENTIAL	$295,900	40 ft
420 MADISON ST N E MINNEAPOLIS MN 55413	HARRY GREENBERG REVOCBL TRST	RESIDENTIAL-TWO UNIT	$467,000	43 ft
410 MADISON ST N E MINNEAPOLIS MN 55413	STEVEN F HODOROWSKI	RESIDENTIAL-TWO UNIT	$493,300	77 ft
424 MADISON ST N E MINNEAPOLIS MN 55413	D BIRABENT & A J ADAMS	RESIDENTIAL	$370,200	82 ft
406 MADISON ST N E MINNEAPOLIS MN 55413	RICHARD GEISSMAN & TAM HO	RESIDENTIAL	$664,100	123 ft
428 MADISON ST N E MINNEAPOLIS MN 55413	G ROSS & K T ROSS & K D ROSS	RESIDENTIAL	$269,600	123 ft
432 MADISON ST N E MINNEAPOLIS MN 55413	SONJA PEDERSON	RESIDENTIAL	$304,200	152 ft
402 MADISON ST N E MINNEAPOLIS MN 55413	MAGGIE SAFARIAN	RESIDENTIAL	$669,100	173 ft
434 MADISON ST N E MINNEAPOLIS MN 55413	JOYCE BRIGGS	RESIDENTIAL	$283,500	173 ft
417 MADISON ST N E MINNEAPOLIS MN 55413	CITY OF MPLS	VACANT LAND-RESIDENTIAL	$0	191 ft

Property History

Most Recent Sale

Date199407

Price$40,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,614