3613 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330263

Property Overview

Parcel ID0402924330263

Lot Size6,169 sq ft (0.142 ac)

Lot Dimensions (est.)121 ft wide × 51 ft deep

Year Built1994

Property ClassRESIDENTIAL

OwnerHOUA LOR VANG/YEE LENG VANG

Assessed Value$278,000

Land Value$22,000

Building Value$256,000

Annual Tax$3,965

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

3 permits on record since 2018 · $6K total declared value · Most recent: Jun 2022 (res)

ResJun 2022Closed

Bartylla Plumbing and Heating Inc

ExistresNov 2020Closed

Airic's Heating & Air Conditioning Inc

MiscMay 2018Closed

$6K

BAYPORT ROOFING AND SIDING LLC

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 width41 ft

Buildable depth81 ft

Area~3,313 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 3,313 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3617 OLIVER AVE N MINNEAPOLIS MN 55412	L A GLOVER & T E GLOVER	RESIDENTIAL	$281,000	51 ft
3609 OLIVER AVE N MINNEAPOLIS MN 55412	ARMAND GUY NGADJUL MEDJIALEU	RESIDENTIAL	$273,900	51 ft
3621 OLIVER AVE N MINNEAPOLIS MN 55412	SHENG VANG	RESIDENTIAL	$311,100	103 ft
3605 OLIVER AVE N MINNEAPOLIS MN 55412	VONG LEE AND AH YANG	RESIDENTIAL	$272,900	103 ft
3625 OLIVER AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	148 ft
3601 OLIVER AVE N MINNEAPOLIS MN 55412	STACEY D HENDERSON	RESIDENTIAL	$267,800	154 ft
3629 OLIVER AVE N MINNEAPOLIS MN 55412	MAURICE MBOULA	RESIDENTIAL	$194,700	186 ft
3614 OLIVER AVE N MINNEAPOLIS MN 55412	RYAN CROSSLAND	RESIDENTIAL	$183,700	186 ft
2141 37TH AVE N MINNEAPOLIS MN 55412	CANDIS ALLEN	CONDOMINIUM	$85,100	187 ft
2143 37TH AVE N MINNEAPOLIS MN 55412	GREGG LAING	CONDOMINIUM	$93,500	187 ft

Property History

Most Recent Sale

Date199503

Price$85,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,965