2522 UPTON AVE N MINNEAPOLIS MN 55411

PID: 1702924120115

Property Overview

Parcel ID1702924120115

Lot Size7,327 sq ft (0.168 ac)

Lot Dimensions (est.)128 ft wide × 57 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerT CHANG & X VANG

Assessed Value$178,400

Land Value$24,000

Building Value$154,400

Annual Tax$2,323

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

3 permits on record since 2022 · $20K total declared value · Most recent: Jul 2024 (accessory)

AccessoryJul 2024Closed

$6K

LEGACY SERVICES CORP

MiscApr 2024Closed

$6K

REROOF AMERICA CORP

MiscFeb 2022Closed

$8K

SUSTAINABLE RESOURCES CENTER INC

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

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 width47 ft

Buildable depth89 ft

Area~4,159 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 4,159 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2518 UPTON AVE N MINNEAPOLIS MN 55411	DONNA MARIE SWAMMI	RESIDENTIAL	$223,800	49 ft
2530 UPTON AVE N MINNEAPOLIS MN 55411	JASON GRIETENS/TESIA PENNIE	RESIDENTIAL	$248,300	59 ft
2510 UPTON AVE N MINNEAPOLIS MN 55411	VINCENT RENTAL PROP LLC	LOW INCOME RENTAL	$144,000	89 ft
2508 UPTON AVE N MINNEAPOLIS MN 55411	BOEVI T LAWSON-AHLUIVI	RESIDENTIAL	$187,000	128 ft
2523 THOMAS AVE N MINNEAPOLIS MN 55411	ASHRAF LLC	RESIDENTIAL	$164,000	142 ft
2519 THOMAS AVE N MINNEAPOLIS MN 55411	EARL GRAY	RESIDENTIAL	$203,000	148 ft
2531 THOMAS AVE N MINNEAPOLIS MN 55411	CHRISTOPHER MICHET	RESIDENTIAL	$253,800	156 ft
2509 THOMAS AVE N MINNEAPOLIS MN 55411	NATHAN ALLAN EASTMAN	RESIDENTIAL	$358,000	167 ft
2600 UPTON AVE N MINNEAPOLIS MN 55411	TAYLOR C QUINN & D W JONES	RESIDENTIAL	$276,400	169 ft
2506 UPTON AVE N MINNEAPOLIS MN 55411	HARVEY E BIRTH	RESIDENTIAL	$217,300	169 ft

Property History

Current Tax Year

Year2026

Tax Due$2,323