712 7TH ST S E MINNEAPOLIS MN 55414

PID: 2402924230019

Property Overview

Parcel ID2402924230019

Lot Size9,157 sq ft (0.210 ac)

Lot Dimensions (est.)129 ft wide × 71 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerRAYMOND FINZEL ET AL

Assessed Value$653,700

Land Value$197,000

Building Value$456,700

Annual Tax$10,659

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

3 permits on record since 2022 · $55K total declared value · Most recent: Feb 2024 (misc)

MiscFeb 2024Closed

$51K

HOFFMAN WEBER CONSTRUCTION INC

MiscDec 2023Closed

$2K

HOFFMAN WEBER CONSTRUCTION INC

RemodelJun 2022Closed

$2K

Benjamin Cole

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Marcy Holmes · Minneapolis

Median reported rent1,144/mo

Renter-occupied96.6%

Median home value—

Vacancy rate12.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 38.01

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 width45 ft

Buildable depth126 ft

Area~5,689 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 5,689 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
718 7TH ST S E MINNEAPOLIS MN 55414	JILL J GRIFFITHS	RESIDENTIAL	$419,700	49 ft
710 7TH ST S E MINNEAPOLIS MN 55414	DANIEL S TESCHKE	TRIPLEX	$477,100	55 ft
722 7TH ST S E MINNEAPOLIS MN 55414	BEVERLY K BACHEL ET AL	RESIDENTIAL	$397,300	90 ft
611 8TH AVE S E MINNEAPOLIS MN 55414	J WOODS HALLEY	RESIDENTIAL	$15,000	103 ft
622 7TH AVE S E MINNEAPOLIS MN 55414	STEVEN THORPE CHIODO	RESIDENTIAL-TWO UNIT	$366,700	105 ft
717 6TH ST S E MINNEAPOLIS MN 55414	L ANDERSON & A S RODRIGUEZ	RESIDENTIAL	$11,000	107 ft
618 7TH AVE S E MINNEAPOLIS MN 55414	AMI J FRANCIS	RESIDENTIAL	$362,100	115 ft
700 7TH ST S E MINNEAPOLIS MN 55414	ELLEN/MICHAEL DEJARDINS TR	RESIDENTIAL	$453,100	116 ft
619 8TH AVE S E MINNEAPOLIS MN 55414	JESSE A ROQUE	RESIDENTIAL	$356,700	140 ft
610 7TH AVE S E MINNEAPOLIS MN 55414	JEFFREY S LEWIS	RESIDENTIAL	$231,000	145 ft

Property History

Most Recent Sale

Date202106

Price$630,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,659