2620 8TH AVE N MINNEAPOLIS MN 55411

PID: 2002924130012

Property Overview

Parcel ID2002924130012

Lot Size5,171 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1957

Property ClassRESIDENTIAL

OwnerFED HOME LOAN MORTGAGE CORP

Assessed Value$249,700

Land Value$23,000

Building Value$226,700

Annual Tax$4,516

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

Willard - Hay · Minneapolis

Median reported rent1,203/mo

Renter-occupied33.4%

Median home value$254K

Vacancy rate1.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 32

Market Snapshot

Zip code 55411

Median sale price$240K-1.9% YoY

Median price / sqft$151/sqft

Median days to close38 days

Active listings64

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth0 ft

Area~8 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 8 sqft buildable area.

Est. units

Yield on cost

40.6%

Spread

+35.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
806 UPTON AVE N MINNEAPOLIS MN 55411	M THAO & B YANG	RESIDENTIAL	$159,400	40 ft
810 UPTON AVE N MINNEAPOLIS MN 55411	ERICA GARCIA	RESIDENTIAL	$189,000	80 ft
730 UPTON AVE N MINNEAPOLIS MN 55411	730 UPTON AVENUE LLC	RESIDENTIAL-TWO UNIT	$398,600	119 ft
814 UPTON AVE N MINNEAPOLIS MN 55411	MOLLY BEANE	RESIDENTIAL	$170,100	120 ft
801 THOMAS AVE N MINNEAPOLIS MN 55411	FLOWORINSA L HENDERSON	RESIDENTIAL	$227,500	141 ft
807 THOMAS AVE N MINNEAPOLIS MN 55411	NOU VANG	RESIDENTIAL	$243,200	148 ft
818 UPTON AVE N MINNEAPOLIS MN 55411	DENISE & JOHN JAMISON	RESIDENTIAL	$119,000	160 ft
2605 8TH AVE N MINNEAPOLIS MN 55411	DALEHA PATTERSON	RESIDENTIAL	$214,400	173 ft
809 THOMAS AVE N MINNEAPOLIS MN 55411	DAVENA R MCKNIGHT	RESIDENTIAL	$337,000	176 ft
722 UPTON AVE N MINNEAPOLIS MN 55411	ANNA GENETTE JACOBSEN	RESIDENTIAL	$226,300	185 ft

Property History

Most Recent Sale

Date201309

Price$190,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,516