707 6TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924220106

Property Overview

Parcel ID2402924220106

Lot Size2,832 sq ft (0.065 ac)

Lot Dimensions (est.)81 ft wide × 35 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerLILLIANE A ROSENGREN

Assessed Value$391,000

Land Value$112,000

Building Value$279,000

Annual Tax$5,893

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

Marcy Holmes · 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

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 width30 ft

Buildable depth31 ft

Area~922 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 sfr / adu benchmarks for 922 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
527 7TH ST S E MINNEAPOLIS MN 55414	P CHRENKA III & M B BALLARD	RESIDENTIAL	$584,000	53 ft
711 6TH AVE S E MINNEAPOLIS MN 55414	COMO7 LLC	RESIDENTIAL	$312,000	59 ft
523 7TH ST S E MINNEAPOLIS MN 55414	S C BROWN & K L BROWN	RESIDENTIAL	$590,000	74 ft
715 6TH AVE S E MINNEAPOLIS MN 55414	715 6TH AVENUE SE LLC	RESIDENTIAL-TWO UNIT	$500,700	105 ft
527 7TH ST S E MINNEAPOLIS MN 55414	J G LANGFORD/E A W LANGFORD	VACANT LAND-RESIDENTIAL	$5,600	122 ft
723 6TH AVE S E MINNEAPOLIS MN 55414	JAMES GALLET LANGFORD	RESIDENTIAL	$16,000	132 ft
513 7TH ST S E MINNEAPOLIS MN 55414	J MCDONAGH & J MCDONAGH	RESIDENTIAL-TWO UNIT	$567,600	132 ft
601 7TH ST S E MINNEAPOLIS MN 55414	KLP REAL ESTATE LLC	RESIDENTIAL	$449,800	145 ft
721 6TH AVE S E MINNEAPOLIS MN 55414	J G LANGFORD/E A W LANGFORD	VACANT LAND-RESIDENTIAL	$5,600	149 ft
719 6TH AVE S E MINNEAPOLIS MN 55414	E A & J G LANGFORD	RESIDENTIAL	$270,600	161 ft

Property History

Current Tax Year

Year2026

Tax Due$5,893