2610 7TH ST N E MINNEAPOLIS MN 55418

PID: 1102924240061

Property Overview

Parcel ID1102924240061

Lot Size11,363 sq ft (0.261 ac)

Lot Dimensions (est.)123 ft wide × 92 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerJHON EDGAR CRUZ MOLINA

Assessed Value$248,800

Land Value$142,000

Building Value$106,800

Annual Tax$3,852

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 width82 ft

Buildable depth84 ft

Area~6,840 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 6,840 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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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	69 ft
2622 7TH ST N E MINNEAPOLIS MN 55418	EVERGREEN INVESTMENTS LLC	RESIDENTIAL	$295,700	92 ft
2600 7TH ST N E MINNEAPOLIS MN 55418	JENNIFER L FRISBIE	RESIDENTIAL	$270,300	115 ft
2607 6TH ST N E MINNEAPOLIS MN 55418	JOHN P WARIAN	INDUSTRIAL-PREFERRED	$1,397,000	125 ft
2624 7TH ST N E MINNEAPOLIS MN 55418	A R & J E KAPPHAHN	RESIDENTIAL	$279,600	161 ft
2623 6TH ST N E MINNEAPOLIS MN 55418	DANIEL R SCOGGINS	RESIDENTIAL	$283,900	168 ft
2615 7TH ST N E MINNEAPOLIS MN 55418	DEREK JOHNSON	RESIDENTIAL	$225,400	185 ft
2611 7TH ST N E MINNEAPOLIS MN 55418	C S LAWSON & E M LAWSON	RESIDENTIAL	$352,700	189 ft
2617 7TH ST N E MINNEAPOLIS MN 55418	R B JONES & T M JONES	RESIDENTIAL	$278,100	190 ft
2607 7TH ST N E MINNEAPOLIS MN 55418	TAYLOR A LOUIE	RESIDENTIAL	$217,300	201 ft

Property History

Most Recent Sale

Date201604

Price$123,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,852