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$ 800,000
Est. payment | /mo
0.39 Acres Lot
$ 800,000
Est. payment | /mo
0.39 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Leavitts Add
MLS Listing ID 6733010
Year Built 1900
Annual Tax Amount $8,070
Tax Year 2025
Contingent None
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions 185 x 92
Property Sub-Type Apartment
Property Description
Unlock the potential of this exceptional corner lot located in one of Northeast Minneapolis' most rapidly transforming corridors. This 0.39-acre site spans two parcels—2500 Madison St NE and 661 Lowry Ave NE—positioned at the intersection of future-forward city planning and vibrant urban energy.
Designated under the Minneapolis 2040 plan with Corridor 6 zoning guidance, the site is ideal for medium-to-high-density multifamily development. The classification allows for buildings of potentially up to six stories, with ground-floor commercial optional—offering flexibility for both mixed-use and purely residential projects.
Whether you're looking to break ground immediately or land landbank for future appreciation, this site offers a rare opportunity to invest in one of the city's most dynamic neighborhoods. With strong public infrastructure improvements in motion and favorable long-term planning guidance, this property stands out as a prime covered land play with significant upside.
Designated under the Minneapolis 2040 plan with Corridor 6 zoning guidance, the site is ideal for medium-to-high-density multifamily development. The classification allows for buildings of potentially up to six stories, with ground-floor commercial optional—offering flexibility for both mixed-use and purely residential projects.
Whether you're looking to break ground immediately or land landbank for future appreciation, this site offers a rare opportunity to invest in one of the city's most dynamic neighborhoods. With strong public infrastructure improvements in motion and favorable long-term planning guidance, this property stands out as a prime covered land play with significant upside.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating None
Inclusions Building, Land
Fireplace No
Exterior
Parking Features None
Utilities Available None
Present Use Other
Building
Foundation 17020
Sewer None
Water City Water/Connected
Structure Type Other
Schools
School District Minneapolis
Listed by Kurtis Pauley • NAI Legacy
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "