2318 6TH ST N MINNEAPOLIS MN 55411

PID: 1502924220037

Property Overview

Parcel ID1502924220037

Lot Size7,522 sq ft (0.173 ac)

Lot Dimensions (est.)156 ft wide × 48 ft deep

Year Built1957

Property ClassTRIPLEX

OwnerTIMOTHY N KRAMPITZ

Assessed Value$208,100

Land Value$18,000

Building Value$190,100

Annual Tax$2,831

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Hawthorne · Minneapolis

Median reported rent409/mo

Renter-occupied59.5%

Median home value$245K

Vacancy rate10.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1263

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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 width38 ft

Buildable depth117 ft

Area~4,434 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 4,434 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2312 6TH ST N MINNEAPOLIS MN 55411	EUGENE POPA	RESIDENTIAL	$288,000	48 ft
421 24TH AVE N MINNEAPOLIS MN 55411	MOHSIN HASHI	RESIDENTIAL	$205,800	82 ft
425 24TH AVE N MINNEAPOLIS MN 55411	DANMARK PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$78,400	83 ft
2308 6TH ST N MINNEAPOLIS MN 55411	TOU XIONG	RESIDENTIAL	$219,000	96 ft
415 24TH AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	135 ft
2317 4TH ST N MINNEAPOLIS MN 55411	CHAUNDERA T RILEY	RESIDENTIAL-TWO UNIT	$331,900	172 ft
426 23RD AVE N MINNEAPOLIS MN 55411	ROBERT ZEMAN	RESIDENTIAL	$124,000	173 ft
414 23RD AVE N MINNEAPOLIS MN 55411	SHARMARKE HUSSIEN	RESIDENTIAL	$285,000	174 ft
2313 4TH ST N MINNEAPOLIS MN 55411	MINNEAPOLIS HOLDINGS LLC	RESIDENTIAL	$182,000	179 ft
413 24TH AVE N MINNEAPOLIS MN 55411	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	182 ft

Property History

Most Recent Sale

Date199106

Price$14,743

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,831