711 RIVER PKWY E MINNEAPOLIS MN 55455

PID: 2502924140045

Property Overview

Parcel ID2502924140045

Lot Size11,880 sq ft (0.273 ac)

Lot Dimensions (est.)72 ft wide × 165 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerUNIVERSITY OF MINNESOTA

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$0

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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 rent1,696/mo

Renter-occupied100.0%

Median home value—

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1049.01

Market Snapshot

Market data unavailable for zip code 55455.

Zoning

RM3Residence and Institutional

Residential Mixed-Use 3 — higher-density mixed residential

Typical Uses

·High-density apartments
·Mixed-use buildings
·Ground-floor retail

Max Height95 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width62 ft

Buildable depth125 ft

Area~7,752 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
717 RIVER PKWY E MINNEAPOLIS MN 55455	STATE OF MINNESOTA	LAND-COMMERCIAL	$0	66 ft
620 FULTON ST S E MINNEAPOLIS MN 55414	UNIVERSITY OF MINNESOTA	COMMERCIAL-PREFERRED	$0	77 ft
722 FULTON ST S E MINNEAPOLIS MN 55414	UNIVERSITY OF MINNESOTA	LAND-COMMERCIAL	$0	143 ft
608 OAK ST S E MINNEAPOLIS MN 55414	REGENTS OF THE UNIV OF MINN	LAND-COMMERCIAL	$0	163 ft
604 OAK ST S E MINNEAPOLIS MN 55414	STATE OF MINNESOTA	LAND-COMMERCIAL	$0	163 ft
719 RIVER PKWY E MINNEAPOLIS MN 55455	REGENTS OF THE UNIV OF MINN	LAND-COMMERCIAL	$0	172 ft
600 OAK ST S E MINNEAPOLIS MN 55414	UNIV OF MINN	LAND-COMMERCIAL	$0	204 ft
609 OAK ST S E MINNEAPOLIS MN 55414	TAIRRIE HOUSE LLC	APARTMENT	$0	386 ft
527 OAK ST S E MINNEAPOLIS MN 55414	REGENTS OF UNIV OF MN	LAND-COMMERCIAL	$0	398 ft
523 OAK ST S E MINNEAPOLIS MN 55414	REGENTS OF THE UNIVERSITY MN	LAND-COMMERCIAL	$0	422 ft

Property History

Current Tax Year

Year2026

Tax Due$0