2642 7TH ST N E MINNEAPOLIS MN 55418

PID: 1102924240067

Property Overview

Parcel ID1102924240067

Lot Size5,681 sq ft (0.130 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerA M TUSHER & T W MARTIN

Assessed Value$257,800

Land Value$108,000

Building Value$149,800

Annual Tax$3,664

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

2 permits on record since 2020 · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

ResAug 2020Closed

Asap Underground 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

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 depth84 ft

Area~3,004 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 3,004 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2638 7TH ST N E MINNEAPOLIS MN 55418	CHERYL A ROGERS	RESIDENTIAL	$242,100	46 ft
2646 7TH ST N E MINNEAPOLIS MN 55418	L BLAISDELL & A RAMDULAR	RESIDENTIAL	$221,000	46 ft
2634 7TH ST N E MINNEAPOLIS MN 55418	P P HUMALA & M R M ACERO	RESIDENTIAL	$277,800	92 ft
2650 7TH ST N E MINNEAPOLIS MN 55418	THOMAS G CLARK ETAL	RESIDENTIAL	$131,700	93 ft
2643 6TH ST N E MINNEAPOLIS MN 55418	O D V-JOHNSON & J MCKENZIE	RESIDENTIAL	$221,900	123 ft
2647 6TH ST N E MINNEAPOLIS MN 55418	T J ARNOLD & J A ARNOLD	RESIDENTIAL-TWO UNIT	$349,600	131 ft
2639 6TH ST N E MINNEAPOLIS MN 55418	ALLEN J GERSZEWSKI	RESIDENTIAL	$266,000	131 ft
2626 7TH ST N E MINNEAPOLIS MN 55418	TONY JAY BROWN	RESIDENTIAL	$280,000	138 ft
2651 6TH ST N E MINNEAPOLIS MN 55418	KARL RIKARD BENGT SVENSSON	RESIDENTIAL	$200,100	154 ft
2635 6TH ST N E MINNEAPOLIS MN 55418	P H SCHULA & L A VAN MATRE	RESIDENTIAL	$223,200	154 ft

Property History

Most Recent Sale

Date202010

Price$240,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,664