606 7TH ST S E MINNEAPOLIS MN 55414

PID: 2402924230021

Property Overview

Parcel ID2402924230021

Lot Size6,068 sq ft (0.139 ac)

Lot Dimensions (est.)102 ft wide × 60 ft deep

Year Built1900

Property ClassAPARTMENT

Owner800 DODD ROAD LLC

Assessed Value$1,675,000

Land Value$133,100

Building Value$1,541,900

Annual Tax$31,810

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

1 permit on record since 2004 · $94K total declared value · Most recent: Mar 2004 (building re-inspection)

Building Re-inspectionMar 2004

$94K

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 depth70 ft

Area~3,166 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 3,166 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
600 7TH ST S E MINNEAPOLIS MN 55414	PKR PROPERTY LLC	RESIDENTIAL-TWO UNIT	$384,900	59 ft
612 7TH ST S E MINNEAPOLIS MN 55414	G DILL-D'ASCOLI/P D'ASCOLI	RESIDENTIAL-TWO UNIT	$453,800	62 ft
616 6TH AVE S E MINNEAPOLIS MN 55414	SHAWNTANA GIBBS	RESIDENTIAL-TWO UNIT	$391,800	65 ft
612 6TH AVE S E MINNEAPOLIS MN 55414	DARCY E WESTLIND	APARTMENT	$564,000	87 ft
618 7TH ST S E MINNEAPOLIS MN 55414	G DIL-D'ASCOLI & J RITENOUR	RESIDENTIAL-TWO UNIT	$382,600	108 ft
610 6TH AVE S E MINNEAPOLIS MN 55414	CHRISTENSEN REVOCABLE LIV TR	RESIDENTIAL	$404,600	132 ft
618 7TH ST S E MINNEAPOLIS MN 55414	GAEA DILL D'ASCOLI	VACANT LAND-RESIDENTIAL	$18,900	132 ft
622 7TH ST S E MINNEAPOLIS MN 55414	S T HARRIMAN & L B ZIEGAHN	RESIDENTIAL	$329,300	152 ft
608 6TH AVE S E MINNEAPOLIS MN 55414	CLIFFORD HOUSE LLC	RESIDENTIAL-TWO UNIT	$352,000	175 ft
626 7TH ST S E MINNEAPOLIS MN 55414	ANDREW SAUCEMAN	RESIDENTIAL-TWO UNIT	$390,800	192 ft

Property History

Most Recent Sale

Date202105

Price$2,180,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$31,810