2422 UPTON AVE N MINNEAPOLIS MN 55411

PID: 1702924120047

Property Overview

Parcel ID1702924120047

Lot Size5,143 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerA STEELE & R JOHNSON

Assessed Value$187,000

Land Value$21,000

Building Value$166,000

Annual Tax$2,882

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,168/mo

Renter-occupied38.0%

Median home value$240K

Vacancy rate9.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1020

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

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 depth89 ft

Area~2,657 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 2,657 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
2426 UPTON AVE N MINNEAPOLIS MN 55411	BRENDA SEYMORE/PAUL SEYMORE	RESIDENTIAL	$210,700	40 ft
2416 UPTON AVE N MINNEAPOLIS MN 55411	B BAYNE & E FITZGERALD	RESIDENTIAL	$269,900	60 ft
2502 UPTON AVE N MINNEAPOLIS MN 55411	BRANDON VUE	RESIDENTIAL	$203,000	80 ft
2506 UPTON AVE N MINNEAPOLIS MN 55411	HARVEY E BIRTH	RESIDENTIAL	$217,300	120 ft
2410 UPTON AVE N MINNEAPOLIS MN 55411	A R EGOFSKE & J T GASKELL	RESIDENTIAL	$214,200	140 ft
2415 THOMAS AVE N MINNEAPOLIS MN 55411	DANIEL J GROHS	RESIDENTIAL	$206,000	143 ft
2419 THOMAS AVE N MINNEAPOLIS MN 55411	JERRY LEE HAYES	RESIDENTIAL-TWO UNIT	$275,500	144 ft
2413 THOMAS AVE N MINNEAPOLIS MN 55411	JASMINE WENCL	RESIDENTIAL-TWO UNIT	$190,800	152 ft
2421 THOMAS AVE N MINNEAPOLIS MN 55411	FARZANA KHAN	RESIDENTIAL-TWO UNIT	$193,100	154 ft
2508 UPTON AVE N MINNEAPOLIS MN 55411	BOEVI T LAWSON-AHLUIVI	RESIDENTIAL	$187,000	160 ft

Property History

Most Recent Sale

Date202010

Price$185,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,882