2600 7TH ST N E MINNEAPOLIS MN 55418

PID: 1102924240059

Property Overview

Parcel ID1102924240059

Lot Size5,682 sq ft (0.130 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJENNIFER L FRISBIE

Assessed Value$270,300

Land Value$108,000

Building Value$162,300

Annual Tax$3,873

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth6 ft

Area~2,755 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 2,755 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
2606 7TH ST N E MINNEAPOLIS MN 55418	GAYLE PATRICIA KEEGEL	RESIDENTIAL	$297,000	46 ft
2610 7TH ST N E MINNEAPOLIS MN 55418	JHON EDGAR CRUZ MOLINA	RESIDENTIAL	$248,800	115 ft
2550 7TH ST N E MINNEAPOLIS MN 55418	DOROTHY J PETROWSKI REV TR	RESIDENTIAL	$384,200	127 ft
2607 6TH ST N E MINNEAPOLIS MN 55418	JOHN P WARIAN	INDUSTRIAL-PREFERRED	$1,397,000	154 ft
2601 7TH ST N E MINNEAPOLIS MN 55418	KRISTINA E DENUCCI	RESIDENTIAL	$306,800	185 ft
2607 7TH ST N E MINNEAPOLIS MN 55418	TAYLOR A LOUIE	RESIDENTIAL	$217,300	189 ft
2611 7TH ST N E MINNEAPOLIS MN 55418	C S LAWSON & E M LAWSON	RESIDENTIAL	$352,700	201 ft
2622 7TH ST N E MINNEAPOLIS MN 55418	EVERGREEN INVESTMENTS LLC	RESIDENTIAL	$295,700	207 ft
2555 7TH ST N E MINNEAPOLIS MN 55418	TRAVIS TAYLOR	RESIDENTIAL	$234,200	213 ft
2615 7TH ST N E MINNEAPOLIS MN 55418	DEREK JOHNSON	RESIDENTIAL	$225,400	219 ft

Property History

Most Recent Sale

Date202311

Price$355,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,873