3649 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330133

Property Overview

Parcel ID0402924330133

Lot Size5,533 sq ft (0.127 ac)

Lot Dimensions (est.)123 ft wide × 45 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerKAYE-LANI STORY

Assessed Value$265,000

Land Value$21,000

Building Value$244,000

Annual Tax$3,749

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth5 ft

Area~2,653 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 2,653 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3643 OLIVER AVE N MINNEAPOLIS MN 55412	TRIO INVESTMENTS LLC	RESIDENTIAL	$163,500	45 ft
3639 OLIVER AVE N MINNEAPOLIS MN 55412	PENROD LANE LLC	RESIDENTIAL-TWO UNIT	$242,400	90 ft
3701 OLIVER AVE N MINNEAPOLIS MN 55412	KENNETH J BREZNY	RESIDENTIAL	$225,300	103 ft
3635 OLIVER AVE N MINNEAPOLIS MN 55412	CAIRNLOCK REVOCABLE TRUST	RESIDENTIAL	$107,000	132 ft
3707 OLIVER AVE N MINNEAPOLIS MN 55412	MOISES SANCHEZ	RESIDENTIAL	$169,000	143 ft
3633 OLIVER AVE N MINNEAPOLIS MN 55412	SANDRA GUZMAN	RESIDENTIAL	$361,000	171 ft
3700 PENN AVE N MINNEAPOLIS MN 55412	DENISE TO & JORDAN TO	TRIPLEX	$300,400	175 ft
3711 OLIVER AVE N MINNEAPOLIS MN 55412	JOANNE M FOSTER	RESIDENTIAL	$140,400	183 ft
3648 OLIVER AVE N MINNEAPOLIS MN 55412	STACY E MACBLANE-MEYER ET AL	RESIDENTIAL	$221,000	184 ft
3642 OLIVER AVE N MINNEAPOLIS MN 55412	ASAD A JAMA	RESIDENTIAL	$174,400	191 ft

Property History

Most Recent Sale

Date202202

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,749