2007 6TH ST N E MINNEAPOLIS MN 55418

PID: 1102924340078

Property Overview

Parcel ID1102924340078

Lot Size6,056 sq ft (0.139 ac)

Lot Dimensions (est.)110 ft wide × 55 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerCOLE BURNS & TAYLOR BURNS

Assessed Value$337,000

Land Value$127,000

Building Value$210,000

Annual Tax$4,989

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth70 ft

Area~3,153 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 3,153 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2003 6TH ST N E MINNEAPOLIS MN 55418	GENEVIEVE M NIZNIK	RESIDENTIAL	$355,200	55 ft
2015 6TH ST N E MINNEAPOLIS MN 55418	K D SMITH & E F MCGOUGH	RESIDENTIAL	$262,600	61 ft
611 20TH AVE N E MINNEAPOLIS MN 55418	STEVEN J SEULING	RESIDENTIAL-TWO UNIT	$339,500	87 ft
2019 6TH ST N E MINNEAPOLIS MN 55418	T REYNOLDS & D REYNOLDS	RESIDENTIAL	$580,600	113 ft
613 20TH AVE N E MINNEAPOLIS MN 55418	MARTY P RICCI	RESIDENTIAL	$301,000	145 ft
2103 6TH ST N E MINNEAPOLIS MN 55418	R & R E O'BRIEN	RESIDENTIAL	$286,900	167 ft
2012 WASHINGTON ST N E MINNEAPOLIS MN 55418	KELSEY STAUB	RESIDENTIAL	$305,400	200 ft
2008 6TH ST N E MINNEAPOLIS MN 55418	HEATHER J MEYER/ERIK J MEYER	RESIDENTIAL	$395,500	204 ft
604 20TH AVE N E MINNEAPOLIS MN 55418	ZACHARY STEHLIN/EMILY HEINEN	RESIDENTIAL	$289,100	204 ft
2012 6TH ST N E MINNEAPOLIS MN 55418	AMELIA J BUSCH	RESIDENTIAL	$334,300	205 ft

Property History

Most Recent Sale

Date202006

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,989