320 7TH ST S E MINNEAPOLIS MN 55414

PID: 2302924110062

Property Overview

Parcel ID2302924110062

Lot Size36,298 sq ft (0.833 ac)

Lot Dimensions (est.)221 ft wide × 164 ft deep

Year Built1966

Property ClassAPARTMENT

OwnerST ANTHONY APARTMENTS L L C

Assessed Value$4,443,000

Land Value$593,500

Building Value$2,738,800

Annual Tax$67,582

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 ↗

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 ↗

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

Minneapolis

Median reported rent1,222/mo

Renter-occupied80.8%

Median home value$377K

Vacancy rate3.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1037

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width211 ft

Buildable depth124 ft

Area~28,076 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 28,076 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
617 4TH AVE S E MINNEAPOLIS MN 55414	NOEL C JAQOLINO ETAL	RESIDENTIAL	$402,000	95 ft
625 4TH AVE S E MINNEAPOLIS MN 55414	K T SADAK & K F SADAK	RESIDENTIAL	$383,700	127 ft
634 3RD AVE S E MINNEAPOLIS MN 55414	CARMEN SWANSON	TOWNHOUSE	$284,600	152 ft
636 3RD AVE S E MINNEAPOLIS MN 55414	P V HOLGATE & M A H BRICENO	TOWNHOUSE	$333,800	152 ft
632 3RD AVE S E MINNEAPOLIS MN 55414	KATHLEEN A REILLY LIV TRUST	TOWNHOUSE	$277,100	152 ft
618 3RD AVE S E MINNEAPOLIS MN 55414	DEIRDRE HASSETT	TOWNHOUSE	$291,000	152 ft
620 3RD AVE S E MINNEAPOLIS MN 55414	CHARLES B DUFF	TOWNHOUSE	$306,000	152 ft
622 3RD AVE S E MINNEAPOLIS MN 55414	JOHN EDWARD MOORE TRUSTEE	TOWNHOUSE	$298,500	152 ft
624 3RD AVE S E MINNEAPOLIS MN 55414	CORIN E KAGAN	TOWNHOUSE	$286,800	152 ft
MN	Unknown	—	—	152 ft

Property History

Current Tax Year

Year2026

Tax Due$67,582