729 ADAMS ST N E MINNEAPOLIS MN 55413

PID: 1402924420134

Property Overview

Parcel ID1402924420134

Lot Size7,778 sq ft (0.179 ac)

Lot Dimensions (est.)129 ft wide × 60 ft deep

Year Built1974

Property ClassAPARTMENT

OwnerOUTREACH SIX ACRES INC

Assessed Value$378,000

Land Value$93,200

Building Value$284,800

Annual Tax$7,179

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2018 · $5K total declared value · Most recent: Aug 2018 (existres)

ExistresAug 2018Closed

$5K

Ideal Air LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

St. Anthony East · Minneapolis

Median reported rent1,213/mo

Renter-occupied58.9%

Median home value$337K

Vacancy rate3.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1031

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 width50 ft

Buildable depth90 ft

Area~4,480 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 4,480 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
733 ADAMS ST N E MINNEAPOLIS MN 55413	KEVIN FRANCIS & PAUL FISHER	RESIDENTIAL-TWO UNIT	$439,100	55 ft
721 ADAMS ST N E MINNEAPOLIS MN 55413	B PHILLIPS & J A HOLT	RESIDENTIAL-TWO UNIT	$448,000	60 ft
737 ADAMS ST N E MINNEAPOLIS MN 55413	NICHOLAS T JOHNSON	RESIDENTIAL-TWO UNIT	$471,400	105 ft
717 ADAMS ST N E MINNEAPOLIS MN 55413	W & M SHARP	RESIDENTIAL	$222,000	110 ft
730 JEFFERSON ST N E MINNEAPOLIS MN 55413	JENNIFER K DOBBS	RESIDENTIAL-TWO UNIT	$426,400	140 ft
726 JEFFERSON ST N E MINNEAPOLIS MN 55413	J T ARIAS & B V ARIAS	RESIDENTIAL-TWO UNIT	$483,800	142 ft
734 JEFFERSON ST N E MINNEAPOLIS MN 55413	J C LABARRE JR & W F RUSSELL	RESIDENTIAL-TWO UNIT	$469,900	148 ft
715 ADAMS ST N E MINNEAPOLIS MN 55413	M RORKE & C RORKE	RESIDENTIAL	$310,600	150 ft
745 ADAMS ST N E MINNEAPOLIS MN 55413	ROBERT J THOMPSON	RESIDENTIAL	$327,000	155 ft
720 JEFFERSON ST N E MINNEAPOLIS MN 55413	KAILASH BRODEUR	RESIDENTIAL-TWO UNIT	$386,200	156 ft

Property History

Current Tax Year

Year2026

Tax Due$7,179