619 7TH ST S E MINNEAPOLIS MN 55414

PID: 2402924230123

Property Overview

Parcel ID2402924230123

Lot Size5,775 sq ft (0.133 ac)

Lot Dimensions (est.)99 ft wide × 58 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerMARY RITA NAGAN

Assessed Value$338,200

Land Value$163,000

Building Value$175,200

Annual Tax$5,009

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $8K total declared value · Most recent: Sep 2020 (existres)

ExistresSep 2020Closed

ST PAUL PLUMBING AND HEATING CO INC

ExistresSep 2020Closed

ST PAUL PLUMBING AND HEATING CO INC

MiscFeb 2020Closed

$8K

KAUFMAN SHEET METAL ROOFING INC

ResMar 2019Closed

Dean's Professional Plumbing Inc

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 depth65 ft

Area~2,927 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 2,927 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
615 7TH ST S E MINNEAPOLIS MN 55414	V MALENE & K CHANDLER	RESIDENTIAL	$397,200	54 ft
623 7TH ST S E MINNEAPOLIS MN 55414	R S MCQUEEN & H L MCQUEEN	RESIDENTIAL-TWO UNIT	$723,700	55 ft
711 7TH AVE S E MINNEAPOLIS MN 55414	R S MCQUEEN & H L MCQUEEN	RESIDENTIAL	$15,000	90 ft
711 7TH AVE S E MINNEAPOLIS MN 55414	JAMES P ROSENGREN	RESIDENTIAL	$11,000	93 ft
605 7TH ST S E MINNEAPOLIS MN 55414	REEVE S RIDGEWAY	RESIDENTIAL	$474,900	106 ft
627 7TH ST S E MINNEAPOLIS MN 55414	JAMES P ROSENGREN	TRIPLEX	$512,600	111 ft
709 7TH AVE S E MINNEAPOLIS MN 55414	SUSAN J PALMER	RESIDENTIAL-TWO UNIT	$426,600	125 ft
715 7TH AVE S E MINNEAPOLIS MN 55414	BRET J ANDERSEN ET AL TRES	RESIDENTIAL	$10,000	136 ft
768 6TH AVE S E MINNEAPOLIS MN 55414	RESTART INC	VACANT LAND-RESIDENTIAL	$0	141 ft
713 7TH AVE S E MINNEAPOLIS MN 55414	GARDNER PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$421,000	156 ft

Property History

Most Recent Sale

Date201310

Price$190,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,009