515 7TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924230056

Property Overview

Parcel ID2402924230056

Lot Size4,844 sq ft (0.111 ac)

Lot Dimensions (est.)97 ft wide × 50 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerC E MARTIN & R D MARTIN

Assessed Value$493,200

Land Value$150,000

Building Value$343,200

Annual Tax$7,604

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Fifth Street SE

Development Opportunities

Historic district — Fifth Street SEHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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

Permit History

6 permits on record since 2017 · $42K total declared value · Most recent: May 2023 (misc)

MiscMay 2023Closed

$12K

DAVE KNUTSON SIDING LLC

AdditionOct 2021Closed

$2K

JC Miller and Sons Inc

AdditionAug 2020Closed

$6K

CRAIG E MARTIN

ExistresFeb 2018Cancelled

PMR Mechanical, Inc.

ResDec 2017Closed

J NORDSTROM PLUMBING

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 width54 ft

Buildable depth36 ft

Area~1,920 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 1,920 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
519 7TH AVE S E MINNEAPOLIS MN 55414	MICHAEL D BELZER	RESIDENTIAL	$423,900	61 ft
621 5TH ST S E MINNEAPOLIS MN 55414	JASON ANDREW ANDRIANO	RESIDENTIAL-TWO UNIT	$508,400	79 ft
629 5TH ST S E MINNEAPOLIS MN 55414	MAXIM POSPELOV	RESIDENTIAL	$720,000	83 ft
521 7TH AVE S E MINNEAPOLIS MN 55414	J J HOGE & S Z SMITH	RESIDENTIAL	$440,000	99 ft
617 5TH ST S E MINNEAPOLIS MN 55414	M R RENNEBERG/K C RENNEBERG	RESIDENTIAL-TWO UNIT	$573,500	117 ft
510 7TH AVE S E MINNEAPOLIS MN 55414	LINDA M LINCOLN TRUST	RESIDENTIAL	$481,400	158 ft
628 6TH ST S E MINNEAPOLIS MN 55414	PAUL E LINCOLN	RESIDENTIAL	$386,100	158 ft
622 6TH ST S E MINNEAPOLIS MN 55414	NORMAN T LYNSKEY	RESIDENTIAL	$345,600	160 ft
616 6TH ST S E MINNEAPOLIS MN 55414	P D LUNDQUIST & M J MERRILL	RESIDENTIAL	$664,000	166 ft
611 5TH ST S E MINNEAPOLIS MN 55414	ELIZABETH J KINSEY HAWLEY	CONDOMINIUM	$473,000	169 ft

Property History

Most Recent Sale

Date200706

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,604