Taxes
- Assessed Value: $656,300
- Assessed Year: 2025
- Assessed County: Hennepin
- APN: 14-029-24-31-0130
- Assessed Land Value: 159000
- Market Land Value: 159000
- Tax Amount: 12463.98
- Tax Year: 2025
- Market Value: 656300
- Market Year: 2025
518 Summer St; Minneapolis, MN Property Details
Off market
518 7th Ave NE Minneapolis, MN 55413
$249,620 Listing Price
6 Beds
3 Baths
2,701 SqFt
Property Type
Triplex 3 UnitsProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 1900
- Purchase Price: $300,214
- Open Loans / Balance: 1 / $74,821
- Est. Equity / %: $498,179 / 86.94%
- Gross Yield: 4.603%
- APN: 14-029-24-31-0130
- Situs County: Hennepin
- Length Of Ownership: 10 years
Rooms
- Bedrooms: 6
- Bathrooms: 3
- Full Bathrooms: 3
- Total Rooms: 11
Structure
- Building Style: Wood
- Stories: 2.5
- Exterior Wall Type: Metal
- Building Condition: Average
- Building Quality: C
- Roof Type: Gable
- Roof Cover Type: Asphalt
Measurements
- Total: 2,701/SqFt
- Lot: 7,405/SqFt
- Gross: 4,066/SqFt
- Living: 2,701/SqFt
- Basement: 1,365/SqFt
- Building: 4,066/SqFt
- Ground: 1,309/SqFt
- Price Per Square Foot: $111.15
Legal Description
- Description: T REG. LAND SURVEY NO. 0105 TRACT B N 77X91X61X120
Building Insights
Land Information
- Property Type: Triplex 3 Units
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Minneapolis Public School District
- Lat / Lon: 44.99668 / -93.2578
- Subdivision: Reg. Land Survey No. 0105
- Property Class: Residential
- Zoning: R2B
- County Use Code: TP
Amenities
- Garage: Detached Garage
- Heating: Hot Water
- Parking: 2
Ownership Info
518 7th Ave NE has no associated ownership info
518 7th Ave NE has no associated ownership info.
Taxes
518 7th Ave NE has 10 associated Taxes items
518 Summer St, Minneapolis, MN pays taxes in Hennepin County, MN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $656,300. The APN we've located for 518 Summer St is 14-029-24-31-0130.
Unlock the full reportTax History
518 7th Ave NE has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $656,300 | Land Value $159,000 | Improvement Value $497,300 | Tax Amount $12,463.98 | Change Rate +0.012458% | Assessed CR | Tax Rate +0.018991% |
| Year 2024 | Assessed Value $675,000 | Land Value $159,000 | Improvement Value $516,000 | Tax Amount $12,310.62 | Change Rate +0.414763% | Assessed CR | Tax Rate +0.018238% |
| Year 2023 | Assessed Value $544,000 | Land Value $156,000 | Improvement Value $388,000 | Tax Amount $8,701.54 | Change Rate +0.123313% | Assessed CR | Tax Rate +0.015995% |
| Year 2022 | Assessed Value $515,000 | Land Value $148,000 | Improvement Value $367,000 | Tax Amount $7,746.32 | Change Rate +0.091372% | Assessed CR | Tax Rate +0.015041% |
| Year 2021 | Assessed Value $456,000 | Land Value $109,000 | Improvement Value $347,000 | Tax Amount $7,097.78 | Change Rate -0.075755% | Assessed CR | Tax Rate +0.015565% |
| Year 2020 | Assessed Value $434,500 | Land Value $66,300 | Improvement Value $368,200 | Tax Amount $7,679.54 | Change Rate +0.297877% | Assessed CR | Tax Rate +0.017674% |
| Year 2019 | Assessed Value $434,500 | Land Value $44,200 | Improvement Value $390,300 | Tax Amount $5,917 | Change Rate +0.134298% | Assessed CR | Tax Rate +0.013618% |
| Year 2018 | Assessed Value $326,000 | Land Value $44,200 | Improvement Value $281,800 | Tax Amount $5,216.44 | Change Rate +0.015785% | Assessed CR | Tax Rate +0.016001% |
| Year 2017 | Assessed Value $274,000 | Land Value $40,200 | Improvement Value $233,800 | Tax Amount $5,135.38 | Change Rate +0.18052% | Assessed CR | Tax Rate +0.018742% |
| Year 2016 | Assessed Value $274,000 | Land Value $40,200 | Improvement Value $233,800 | Tax Amount $4,350.1 | Change Rate | Assessed CR | Tax Rate +0.015876% |
| Year 2015 | Assessed Value $238,500 | Land Value $40,200 | Improvement Value $198,300 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $217,000 | Land Value $40,200 | Improvement Value $176,800 | Tax Amount | Change Rate | Assessed CR | Tax Rate |