4200 PENN AVE N MINNEAPOLIS MN 55412

PID: 0402924220064

Property Overview

Parcel ID0402924220064

Lot Size6,829 sq ft (0.157 ac)

Lot Dimensions (est.)131 ft wide × 52 ft deep

Year Built1958

Property ClassRESIDENTIAL

OwnerCELESTE JOURDAIN

Assessed Value$304,200

Land Value$46,000

Building Value$258,200

Annual Tax$4,769

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · $5K total declared value · Most recent: Dec 2018 (res)

ResDec 2018Closed

CenterPoint Energy Resource Corp

MiscJun 2017Closed

$5K

BAYPORT ROOFING AND SIDING LLC

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth12 ft

Area~3,377 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 3-story wood frame (5–12 units) benchmarks for 3,377 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4208 PENN AVE N MINNEAPOLIS MN 55412	ISAAC KUNZE	RESIDENTIAL	$282,100	51 ft
4212 PENN AVE N MINNEAPOLIS MN 55412	REGINA BERRY & REEDUS BERRY	RESIDENTIAL	$280,600	101 ft
4201 OLIVER AVE N MINNEAPOLIS MN 55412	R M MENDOZA & M I P ZEDPEDA	RESIDENTIAL	$323,000	140 ft
4209 OLIVER AVE N MINNEAPOLIS MN 55412	KATHERINE B EICHMAN	RESIDENTIAL	$271,200	148 ft
4216 PENN AVE N MINNEAPOLIS MN 55412	GERRY KAO LEE/CHOU XIONG	RESIDENTIAL	$291,000	151 ft
4211 OLIVER AVE N MINNEAPOLIS MN 55412	FRIENDS OF ERNIES LLLC	RESIDENTIAL	$275,700	171 ft
4201 PENN AVE N MINNEAPOLIS MN 55412	ERIK E SWANSON	RESIDENTIAL	$223,200	196 ft
4220 PENN AVE N MINNEAPOLIS MN 55412	F A SORIANO & R MARTINEZ	RESIDENTIAL	$242,000	201 ft
4217 OLIVER AVE N MINNEAPOLIS MN 55412	MICHAEL GERVINO ET AL	RESIDENTIAL	$263,700	205 ft
4211 PENN AVE N MINNEAPOLIS MN 55412	GRAHAM LINDVALL	RESIDENTIAL	$264,000	207 ft

Property History

Most Recent Sale

Date201601

Price$149,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,769