707 8TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924240043

Property Overview

Parcel ID2402924240043

Lot Size23,194 sq ft (0.532 ac)

Lot Dimensions (est.)203 ft wide × 114 ft deep

Year Built1914

Property ClassAPARTMENT

OwnerMULTI HOUSING PARTNERSHIP

Assessed Value$3,027,000

Land Value$275,200

Building Value$2,751,800

Annual Tax$57,486

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width190 ft

Buildable depth74 ft

Area~15,267 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 15,267 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
715 7TH ST S E MINNEAPOLIS MN 55414	GILBERT-IGELSRUD FAMILY TRST	RESIDENTIAL	$387,500	95 ft
715 8TH AVE S E MINNEAPOLIS MN 55414	FLANDERS GROUP LLC	RESIDENTIAL	$304,000	102 ft
709 7TH ST S E MINNEAPOLIS MN 55414	R A MARK/E A REED/S COX	RESIDENTIAL	$424,200	140 ft
707 7TH ST S E MINNEAPOLIS MN 55414	S SHINN & J TAVEGGIA	RESIDENTIAL-TWO UNIT	$458,900	176 ft
801 7TH ST S E MINNEAPOLIS MN 55414	BALBIR SINGH/DILJIT KHOSA	RESIDENTIAL	$419,000	177 ft
725 8TH AVE S E MINNEAPOLIS MN 55414	UNIVERSITY COURT LLC	APARTMENT	$4,187,000	185 ft
710 7TH AVE S E MINNEAPOLIS MN 55414	DANIEL S TESCHKE	RESIDENTIAL-TWO UNIT	$444,900	197 ft
714 8TH ST S E MINNEAPOLIS MN 55414	SEVEN FOURTEEN EIGHTH ST LLC	RESIDENTIAL-TWO UNIT	$388,900	204 ft
718 8TH AVE S E MINNEAPOLIS MN 55414	CHRISTOPHER MANGROO	RESIDENTIAL-TWO UNIT	$468,200	209 ft
705 7TH ST S E MINNEAPOLIS MN 55414	C MOLLOY & F A CERDA	RESIDENTIAL	$492,200	211 ft

Property History

Current Tax Year

Year2026

Tax Due$57,486