2422 EMERSON AVE N MINNEAPOLIS MN 55411

PID: 1602924120025

Property Overview

Parcel ID1602924120025

Lot Size7,846 sq ft (0.180 ac)

Lot Dimensions (est.)156 ft wide × 50 ft deep

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerSHANDELLA DARRING

Assessed Value$377,100

Land Value$18,000

Building Value$359,100

Annual Tax$5,661

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,556/mo

Renter-occupied45.7%

Median home value$177K

Vacancy rate3.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 22

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth117 ft

Area~4,675 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 3-story wood frame (5–12 units) benchmarks for 4,675 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2426 EMERSON AVE N MINNEAPOLIS MN 55411	BRYANT EARLY	RESIDENTIAL-TWO UNIT	$245,300	47 ft
2418 EMERSON AVE N MINNEAPOLIS MN 55411	ASHRAF LLC	RESIDENTIAL-TWO UNIT	$241,500	50 ft
2414 EMERSON AVE N MINNEAPOLIS MN 55411	MADISON AVE HOMES LLC	RESIDENTIAL	$100,000	100 ft
2410 EMERSON AVE N MINNEAPOLIS MN 55411	DOM INVESTMENTS LLC	RESIDENTIAL	$242,000	150 ft
2423 DUPONT AVE N MINNEAPOLIS MN 55411	JENEE JOHNSON	RESIDENTIAL	$114,000	172 ft
1001 25TH AVE N MINNEAPOLIS MN 55411	EFRAIN GRANDA PIZHA	RESIDENTIAL	$185,200	178 ft
2419 DUPONT AVE N MINNEAPOLIS MN 55411	NOEMY MIRANDA ORELLANA	RESIDENTIAL	$251,800	180 ft
2502 EMERSON AVE N MINNEAPOLIS MN 55411	R LEE & MARIA O'DANIEL	RESIDENTIAL	$307,000	181 ft
1014 25TH AVE N MINNEAPOLIS MN 55411	SEC OF VETERANS AFFAIRS	RESIDENTIAL	$295,000	186 ft
1105 25TH AVE N MINNEAPOLIS MN 55411	REAL BELIEVERS FAITH CENTER	RESIDENTIAL	$196,600	198 ft

Property History

Most Recent Sale

Date202010

Price$305,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,661