7501 CHICAGO AVE S RICHFIELD MN 55423

PID: 3502824310080· 1 field stubbed (see below)

Property Overview

Parcel ID3502824310080

Lot Size9,582 sq ft (0.220 ac)

Lot Dimensions (est.)132 ft wide × 72 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerVICTORIA MARTIN

Assessed Value$322,700

Land Value$124,500

Building Value$198,200

Annual Tax$4,562

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 rent1,101/mo

Renter-occupied53.7%

Median home value$302K

Vacancy rate8.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 248.02

Market Snapshot

Zip code 55423

Median sale price$348K-7.2% YoY

Median price / sqft$211/sqft

Median days to close32 days

Active listings40

Source: Redfin Data Center (Invalid Date) · Zip 55423

Zoning

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Most Recent Sale

Date200011

Price$152,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,562

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
7509 CHICAGO AVE S RICHFIELD MN 55423	D & J BOGART	RESIDENTIAL	$299,700	74 ft
7500 ELLIOT AVE S RICHFIELD MN 55423	H A SUTLIFF & M K SUTLIFF	RESIDENTIAL	$390,200	132 ft
7445 CHICAGO AVE S RICHFIELD MN 55423	J L REASONER & L R ERICKSON	RESIDENTIAL	$322,600	132 ft
7515 CHICAGO AVE S RICHFIELD MN 55423	CHICAGO AVE PARTNERSHIP	RESIDENTIAL	$267,000	149 ft
7508 ELLIOT AVE S RICHFIELD MN 55423	CRAIG G BUHL	RESIDENTIAL	$318,100	151 ft
7444 ELLIOT AVE S RICHFIELD MN 55423	R R LUDWIG/ANNE M L DUERKSEN	RESIDENTIAL	$309,700	187 ft
7514 ELLIOT AVE S RICHFIELD MN 55423	A GROVES & M MEYER	RESIDENTIAL	$332,600	198 ft
7500 CHICAGO AVE S RICHFIELD MN 55423	P S RICHARDSON/D G DEARMOND	RESIDENTIAL	$361,400	198 ft
7439 CHICAGO AVE S RICHFIELD MN 55423	THU A T HOANG & HUY D PHAM	RESIDENTIAL	$320,400	205 ft
7508 CHICAGO AVE S RICHFIELD MN 55423	M F KELASH & K M KELASH	RESIDENTIAL	$395,600	212 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.