2223 7TH ST N E MINNEAPOLIS MN 55418

PID: 1102924420143

Property Overview

Parcel ID1102924420143

Lot Size6,817 sq ft (0.156 ac)

Lot Dimensions (est.)124 ft wide × 55 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerM T GILL & P A GILL

Assessed Value$317,700

Land Value$134,000

Building Value$183,700

Annual Tax$4,665

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

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 width45 ft

Buildable depth84 ft

Area~3,775 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 3,775 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
2229 7TH ST N E MINNEAPOLIS MN 55418	MARK E CALIGIURI	RESIDENTIAL	$330,000	55 ft
2219 7TH ST N E MINNEAPOLIS MN 55418	EB RENTALS LLC	RESIDENTIAL	$185,300	55 ft
2211 7TH ST N E MINNEAPOLIS MN 55418	M BARTHELEMY & R KROENING	RESIDENTIAL-TWO UNIT	$409,000	110 ft
2222 WASHINGTON ST N E MINNEAPOLIS MN 55418	B A DETHOMAS & R L DETHOMAS	RESIDENTIAL	$253,500	124 ft
2216 WASHINGTON ST N E MINNEAPOLIS MN 55418	S DICKSON & M SCHUELER	RESIDENTIAL	$264,900	135 ft
2228 WASHINGTON ST N E MINNEAPOLIS MN 55418	COLE EASLEY	RESIDENTIAL	$297,100	135 ft
614 23RD AVE N E MINNEAPOLIS MN 55418	WILL MOLTER	RESIDENTIAL	$344,000	151 ft
2212 WASHINGTON ST N E MINNEAPOLIS MN 55418	TAE JA HIRDLER	RESIDENTIAL	$258,900	166 ft
2301 7TH ST N E MINNEAPOLIS MN 55418	T M BYRNE & S A ZIEGLER	RESIDENTIAL	$339,900	176 ft
612 23RD AVE N E MINNEAPOLIS MN 55418	RILEY MCNUTT & JULIE MAY	RESIDENTIAL	$292,100	191 ft

Property History

Most Recent Sale

Date198706

Price$61,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,665