723 LOWRY AVE N E MINNEAPOLIS MN 55418

PID: 1102924140117

Property Overview

Parcel ID1102924140117

Lot Size7,172 sq ft (0.165 ac)

Lot Dimensions (est.)78 ft wide × 92 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerNAIN PENA ROMERO

Assessed Value$304,000

Land Value$107,000

Building Value$197,000

Annual Tax$4,706

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2024 · Most recent: Feb 2025 (res)

ResFeb 2025Closed

LIBERTY PLUMBING CO LLC

ResJan 2025Closed

LIBERTY PLUMBING CO LLC

ResDec 2024Closed

LIBERTY PLUMBING CO LLC

ResApr 2024Closed

LIBERTY PLUMBING CO LLC

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width63 ft

Buildable depth52 ft

Area~3,277 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 3-story wood frame (5–12 units) benchmarks for 3,277 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
719 LOWRY AVE N E MINNEAPOLIS MN 55418	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	58 ft
2510 QUINCY ST N E MINNEAPOLIS MN 55418	JAYME RATASKY	RESIDENTIAL	$376,900	79 ft
715 LOWRY AVE N E MINNEAPOLIS MN 55418	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	97 ft
2514 QUINCY ST N E MINNEAPOLIS MN 55418	J L & N J WINSLOW	RESIDENTIAL	$299,700	121 ft
801 LOWRY AVE N E MINNEAPOLIS MN 55418	PHILIP CHAN	RESIDENTIAL	$210,000	137 ft
713 LOWRY AVE N E MINNEAPOLIS MN 55418	ABRAHAM ALVARADO	RESIDENTIAL-TWO UNIT	$234,400	150 ft
724 LOWRY AVE N E MINNEAPOLIS MN 55418	NORTHEAST COMM LUTH CHURCH	COMMERCIAL-PREFERRED	$0	154 ft
716 LOWRY AVE N E MINNEAPOLIS MN 55418	ERIC D & ERIKA J LARSON	RESIDENTIAL	$161,600	160 ft
2518 QUINCY ST N E MINNEAPOLIS MN 55418	R J KAUS & T L KAUS	RESIDENTIAL	$398,300	166 ft
805 LOWRY AVE N E MINNEAPOLIS MN 55418	A A QUIZHPI & E E SALAZAR	RESIDENTIAL-TWO UNIT	$311,200	168 ft

Property History

Most Recent Sale

Date202509

Price$390,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,706