2007 FREMONT AVE S MINNEAPOLIS MN 55405

PID: 3302924120053

Property Overview

Parcel ID3302924120053

Lot Size5,712 sq ft (0.131 ac)

Lot Dimensions (est.)127 ft wide × 45 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerM J TAYLOR & KAREN T TERHAAR

Assessed Value$895,600

Land Value$255,000

Building Value$640,600

Annual Tax$15,322

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $40K total declared value · Most recent: Feb 2025 (res)

ResFeb 2025Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResJan 2025Closed

Hero Home Services LLC

MiscOct 2023Closed

$40K

Elite Restoration Pro LLC

ExistresFeb 2020Closed

UPTOWN PLUMBING HEATING AND COOLING

ResNov 2019Closed

MN Plumbing & Home Services INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width35 ft

Buildable depth87 ft

Area~3,042 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 3,042 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2011 FREMONT AVE S MINNEAPOLIS MN 55405	M T MASON & E P MASON	RESIDENTIAL	$923,400	42 ft
2001 FREMONT AVE S MINNEAPOLIS MN 55405	ERIK HORAK & KAYLA HORAK	RESIDENTIAL	$773,800	44 ft
2015 FREMONT AVE S MINNEAPOLIS MN 55405	B M KUDROWITZ & M M R RUSH	RESIDENTIAL	$808,500	83 ft
2019 FREMONT AVE S MINNEAPOLIS MN 55405	KEREN GUDEMAN & TODD WINTER	RESIDENTIAL	$656,500	125 ft
2006 EMERSON AVE S MINNEAPOLIS MN 55405	DANIEL R LONG	RESIDENTIAL-TWO UNIT	$502,700	141 ft
2000 EMERSON AVE S MINNEAPOLIS MN 55405	DONALD DEDON ETAL	APARTMENT	$539,000	147 ft
2012 EMERSON AVE S MINNEAPOLIS MN 55405	WINSTON CHANG	RESIDENTIAL-TWO UNIT	$698,400	152 ft
2025 FREMONT AVE S MINNEAPOLIS MN 55405	YANIV GARAMA	RESIDENTIAL	$924,000	169 ft
1945 FREMONT AVE S MINNEAPOLIS MN 55403	JAIME E HANNEKEN	CONDOMINIUM	$265,000	171 ft
1945 FREMONT AVE S MINNEAPOLIS MN 55403	TRACEY S BAUER	CONDOMINIUM	$265,000	171 ft

Property History

Most Recent Sale

Date201504

Price$725,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$15,322