3755 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330105

Property Overview

Parcel ID0402924330105

Lot Size4,895 sq ft (0.112 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerMARY K MARX

Assessed Value$292,000

Land Value$21,000

Building Value$271,000

Annual Tax$4,197

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2020 · Most recent: Jun 2020 (res)

ResJun 2020Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Folwell · Minneapolis

Median reported rent1,590/mo

Renter-occupied27.3%

Median home value$193K

Vacancy rate7.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1008

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

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 width30 ft

Buildable depth82 ft

Area~2,470 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 2,470 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
3759 OLIVER AVE N MINNEAPOLIS MN 55412	EFREN R PACHA	RESIDENTIAL	$213,000	39 ft
3751 OLIVER AVE N MINNEAPOLIS MN 55412	DANIEL C BURRINGTON	RESIDENTIAL	$108,400	40 ft
3747 OLIVER AVE N MINNEAPOLIS MN 55412	EMMANUEL MORILLO CORDERO	RESIDENTIAL	$216,800	80 ft
3743 OLIVER AVE N MINNEAPOLIS MN 55412	A L HAUGLAND & T L MATHIAS	RESIDENTIAL	$220,000	120 ft
3754 PENN AVE N MINNEAPOLIS MN 55412	PATRICK MOOSAI	RESIDENTIAL	$82,900	140 ft
3750 PENN AVE N MINNEAPOLIS MN 55412	ALLIANCE HOUSING INC	LOW INCOME RENTAL	$322,800	144 ft
3758 PENN AVE N MINNEAPOLIS MN 55412	CITY OF MINNEAPOLIS	LAND-COMMERCIAL	$0	146 ft
3739 OLIVER AVE N MINNEAPOLIS MN 55412	MICHAEL JOHN WAGNER	RESIDENTIAL	$194,000	160 ft
3746 PENN AVE N MINNEAPOLIS MN 55412	GERALD W SANNAN	RESIDENTIAL-TWO UNIT	$301,400	170 ft
3754 OLIVER AVE N MINNEAPOLIS MN 55412	ABIGAIL MARIE LAY	RESIDENTIAL	$175,900	185 ft

Property History

Most Recent Sale

Date202303

Price$263,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,197