710 PENN AVE N MINNEAPOLIS MN 55411

PID: 2102924230207

Property Overview

Parcel ID2102924230207

Lot Size7,926 sq ft (0.182 ac)

Lot Dimensions (est.)126 ft wide × 63 ft deep

Year Built0

Property ClassVACANT LAND-RESIDENTIAL

OwnerMONICA CAMPUZANO NAVARRETE

Assessed Value$17,000

Land Value$17,000

Building Value$0

Annual Tax$324

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Near - North · Minneapolis

Median reported rent1,064/mo

Renter-occupied53.6%

Median home value$230K

Vacancy rate9.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 33

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width53 ft

Buildable depth86 ft

Area~4,546 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 3-story wood frame (5–12 units) benchmarks for 4,546 sqft buildable area.

Est. units

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
704 PENN AVE N MINNEAPOLIS MN 55411	BASHIR A MOGHUL	RESIDENTIAL-TWO UNIT	$216,800	53 ft
718 PENN AVE N MINNEAPOLIS MN 55411	MONICA CAMPUZANO NAVARRETE	RESIDENTIAL	$159,600	63 ft
700 PENN AVE N MINNEAPOLIS MN 55411	JUAN PABLO D MENDIETA ET AL	RESIDENTIAL	$295,000	94 ft
722 PENN AVE N MINNEAPOLIS MN 55411	PATRICK ANTONIE	RESIDENTIAL	$279,000	116 ft
624 PENN AVE N MINNEAPOLIS MN 55411	MILTON W POWELL	RESIDENTIAL-TWO UNIT	$259,800	136 ft
709 OLIVER AVE N MINNEAPOLIS MN 55411	EPHESIANS LLC	RESIDENTIAL-TWO UNIT	$278,400	138 ft
715 OLIVER AVE N MINNEAPOLIS MN 55411	YUYUDHAN HOPPE	RESIDENTIAL-TWO UNIT	$257,800	144 ft
707 OLIVER AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	147 ft
726 PENN AVE N MINNEAPOLIS MN 55411	K B-HANISH & J L B-HANISH	RESIDENTIAL	$283,000	158 ft
701 OLIVER AVE N MINNEAPOLIS MN 55411	YEE LEE/PAO KHANG	RESIDENTIAL	$283,000	173 ft

Property History

Most Recent Sale

Date201510

Price$4,200

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$324