2707 HARRIET AVE MINNEAPOLIS MN 55408

PID: 3402924320205

Property Overview

Parcel ID3402924320205

Lot Size5,994 sq ft (0.138 ac)

Lot Dimensions (est.)135 ft wide × 45 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerHOLLY J CONDON

Assessed Value$344,800

Land Value$133,000

Building Value$211,800

Annual Tax$5,101

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

2 permits on record since 2019 · $14K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Final Inspection

$14K

WALKER ROOFING CO

ExistresNov 2019Closed

TEAM MECHANICAL INC

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

Neighborhood Profile

Whittier · Minneapolis

Median reported rent1,165/mo

Renter-occupied89.9%

Median home value$346K

Vacancy rate10.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1070

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 depth93 ft

Area~3,266 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 3,266 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2709 HARRIET AVE MINNEAPOLIS MN 55408	K E GRAVENING/T L GRAVENING	RESIDENTIAL-TWO UNIT	$448,600	45 ft
2703 HARRIET AVE MINNEAPOLIS MN 55408	ELAINE G PEARSON	RESIDENTIAL-TWO UNIT	$377,200	46 ft
2713 HARRIET AVE MINNEAPOLIS MN 55408	MARK E WESTON	RESIDENTIAL	$215,200	81 ft
2701 HARRIET AVE MINNEAPOLIS MN 55408	IVAN JIMENEZ	CONDOMINIUM	$121,700	91 ft
2701 HARRIET AVE MINNEAPOLIS MN 55408	KARLA REHBERG	CONDOMINIUM	$141,400	91 ft
2701 HARRIET AVE MINNEAPOLIS MN 55408	ABRAHAM WOLDESLASSIE JR	CONDOMINIUM	$141,400	91 ft
2701 HARRIET AVE MINNEAPOLIS MN 55408	NAOMI NELMARK	CONDOMINIUM	$141,400	91 ft
2701 HARRIET AVE MINNEAPOLIS MN 55408	ALEX MINGE	CONDOMINIUM	$141,400	91 ft
2701 HARRIET AVE MINNEAPOLIS MN 55408	DUSTIN DAVIS	CONDOMINIUM	$142,500	91 ft
2701 HARRIET AVE MINNEAPOLIS MN 55408	TIMOTHY PRESLEY	CONDOMINIUM	$142,500	91 ft

Property History

Current Tax Year

Year2026

Tax Due$5,101