4264 PENN AVE N MINNEAPOLIS MN 55412

PID: 0402924220179

Property Overview

Parcel ID0402924220179

Lot Size6,081 sq ft (0.140 ac)

Lot Dimensions (est.)131 ft wide × 47 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerEMMA KNIPE/ALEXANDER M LUCAS

Assessed Value$271,400

Land Value$45,000

Building Value$226,400

Annual Tax$3,856

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $3K total declared value · Most recent: Apr 2024 (res)

ResApr 2024Expired

CHAMPION PLUMBING LLC

ResSep 2023Closed

FFM LLC

ExistresJul 2021Closed

Metro Heating & Cooling LLC

ResDec 2018Closed

CenterPoint Energy Resource Corp

MiscJun 2017Closed

$3K

Northwest Capital 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 depth7 ft

Area~2,859 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 2,859 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
4260 PENN AVE N MINNEAPOLIS MN 55412	ANDREW C OLSON	RESIDENTIAL	$193,600	46 ft
4248 PENN AVE N MINNEAPOLIS MN 55412	ANTONIO HANSON	RESIDENTIAL	$254,500	93 ft
2140 43RD AVE N MINNEAPOLIS MN 55412	MARCELO GIRON HERNANDEZ	RESIDENTIAL	$241,900	104 ft
4259 OLIVER AVE N MINNEAPOLIS MN 55412	CHUE YANG & MAI MOUA	RESIDENTIAL	$271,300	140 ft
4244 PENN AVE N MINNEAPOLIS MN 55412	PRG INC	RESIDENTIAL	$296,000	143 ft
4306 PENN AVE N MINNEAPOLIS MN 55412	L HUSSEMANN & J HUSSEMANN	RESIDENTIAL	$314,000	143 ft
4255 OLIVER AVE N MINNEAPOLIS MN 55412	HELEN J LAWLER	RESIDENTIAL	$226,300	148 ft
4249 OLIVER AVE N MINNEAPOLIS MN 55412	LAURA LEFFLER	RESIDENTIAL	$269,500	170 ft
4310 PENN AVE N MINNEAPOLIS MN 55412	ERIC WALKER	RESIDENTIAL	$234,400	184 ft
4307 OLIVER AVE N MINNEAPOLIS MN 55412	R F SIMS & A E JOHNSON	RESIDENTIAL	$323,700	185 ft

Property History

Most Recent Sale

Date202305

Price$219,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,856