2647 7TH ST N E MINNEAPOLIS MN 55418

PID: 1102924130219

Property Overview

Parcel ID1102924130219

Lot Size5,339 sq ft (0.123 ac)

Lot Dimensions (est.)116 ft wide × 46 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerD L COUSINS & B COUSINS

Assessed Value$240,700

Land Value$105,000

Building Value$135,700

Annual Tax$3,377

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

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 width36 ft

Buildable depth76 ft

Area~2,739 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 2,739 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2643 7TH ST N E MINNEAPOLIS MN 55418	JOSHUA R HAUSMANN	RESIDENTIAL	$259,000	46 ft
2651 7TH ST N E MINNEAPOLIS MN 55418	KEVIN R KARPINSKI	RESIDENTIAL	$246,600	47 ft
2639 7TH ST N E MINNEAPOLIS MN 55418	M R QUINTEROS & T YUQUILIMA	RESIDENTIAL-TWO UNIT	$306,700	92 ft
2646 WASHINGTON ST N E MINNEAPOLIS MN 55418	V & N ALEKSEEV	RESIDENTIAL	$349,600	130 ft
2644 WASHINGTON ST N E MINNEAPOLIS MN 55418	RAYMOND PAUSER	RESIDENTIAL-TWO UNIT	$281,000	138 ft
2650 WASHINGTON ST N E MINNEAPOLIS MN 55418	JAMES ROBERT VIZECKY	RESIDENTIAL-TWO UNIT	$312,400	138 ft
2633 7TH ST N E MINNEAPOLIS MN 55418	BROCK SMILEY	RESIDENTIAL-TWO UNIT	$303,300	138 ft
2640 WASHINGTON ST N E MINNEAPOLIS MN 55418	F MUSATAU & Y MUSATAU	RESIDENTIAL-TWO UNIT	$255,700	159 ft
2631 7TH ST N E MINNEAPOLIS MN 55418	GREGORY/TERRIE LARSON LIV TR	RESIDENTIAL	$335,400	184 ft
2646 7TH ST N E MINNEAPOLIS MN 55418	L BLAISDELL & A RAMDULAR	RESIDENTIAL	$221,000	185 ft

Property History

Most Recent Sale

Date199404

Price$51,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,377