2617 7TH ST N E MINNEAPOLIS MN 55418

PID: 1102924130207

Property Overview

Parcel ID1102924130207

Lot Size4,662 sq ft (0.107 ac)

Lot Dimensions (est.)116 ft wide × 40 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerR B JONES & T M JONES

Assessed Value$278,100

Land Value$115,000

Building Value$163,100

Annual Tax$4,003

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

1 permit on record since 2025 · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,204/mo

Renter-occupied56.0%

Median home value$293K

Vacancy rate8.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1018

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 depth77 ft

Area~2,295 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 2,295 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2619 7TH ST N E MINNEAPOLIS MN 55418	WILLIAM PETER BAUMANN	RESIDENTIAL	$221,100	40 ft
2615 7TH ST N E MINNEAPOLIS MN 55418	DEREK JOHNSON	RESIDENTIAL	$225,400	40 ft
2625 7TH ST N E MINNEAPOLIS MN 55418	BRAD C CARLSON	RESIDENTIAL	$270,600	80 ft
2611 7TH ST N E MINNEAPOLIS MN 55418	C S LAWSON & E M LAWSON	RESIDENTIAL	$352,700	80 ft
2607 7TH ST N E MINNEAPOLIS MN 55418	TAYLOR A LOUIE	RESIDENTIAL	$217,300	120 ft
2627 7TH ST N E MINNEAPOLIS MN 55418	LISA LYNN POWERS	RESIDENTIAL	$237,400	121 ft
2616 WASHINGTON ST N E MINNEAPOLIS MN 55418	ZEPHANIAH J MOSES	RESIDENTIAL	$290,700	130 ft
2622 WASHINGTON ST N E MINNEAPOLIS MN 55418	JILL ZIMMERMAN	RESIDENTIAL	$267,100	134 ft
2614 WASHINGTON ST N E MINNEAPOLIS MN 55418	KYLE B JACOBSON	RESIDENTIAL	$150,000	147 ft
2624 WASHINGTON ST N E MINNEAPOLIS MN 55418	S MCNAMEE & K JOHNSON	RESIDENTIAL	$241,300	148 ft

Property History

Most Recent Sale

Date200208

Price$124,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,003