2325 7TH ST N E MINNEAPOLIS MN 55418

PID: 1102924420054

Property Overview

Parcel ID1102924420054

Lot Size8,117 sq ft (0.186 ac)

Lot Dimensions (est.)124 ft wide × 66 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerA B MARINELLO & K M SANDVEN

Assessed Value$348,000

Land Value$124,000

Building Value$224,000

Annual Tax$5,174

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

4 permits on record since 2020 · $34K total declared value · Most recent: Apr 2026 (misc)

MiscApr 2026Final Inspection

$9K

SELA ROOFING AND REMODELING INC

ExistresSep 2022Closed

Anthony Marinello

RemodelJan 2021Closed

$25K

Anthony Marinello

ResNov 2020Closed

Anthony Marinello

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 width65 ft

Buildable depth68 ft

Area~4,277 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 small multifamily (2–4 units, wood frame) benchmarks for 4,277 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2331 7TH ST N E MINNEAPOLIS MN 55418	TRUST AGMT OF L C RANALLO	RESIDENTIAL-TWO UNIT	$269,400	61 ft
2321 7TH ST N E MINNEAPOLIS MN 55418	JOHN L HENNESSY & WIFE	RESIDENTIAL	$292,500	64 ft
2317 7TH ST N E MINNEAPOLIS MN 55418	ARTHUR MALCOMSON	RESIDENTIAL	$275,000	116 ft
2316 WASHINGTON ST N E MINNEAPOLIS MN 55418	BURLINGTON NORTHERN RR CO	RAILROAD	$0	126 ft
2401 7TH ST N E MINNEAPOLIS MN 55418	E JAAP & W K JAAP	TRIPLEX	$385,700	126 ft
2311 7TH ST N E MINNEAPOLIS MN 55418	GLADYS JUNCAL ARPI	RESIDENTIAL	$267,800	163 ft
2326 7TH ST N E MINNEAPOLIS MN 55418	GRANT & REBECCA ADAMS	RESIDENTIAL	$297,400	183 ft
2322 7TH ST N E MINNEAPOLIS MN 55418	OC PROPERTIES LLC	RESIDENTIAL	$318,100	187 ft
2316 7TH ST N E MINNEAPOLIS MN 55418	G S & S M SUPER	RESIDENTIAL	$396,000	206 ft
2307 7TH ST N E MINNEAPOLIS MN 55418	GORDON MALTBY ETAL	RESIDENTIAL	$322,500	211 ft

Property History

Most Recent Sale

Date201405

Price$180,300

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,174