3605 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330265

Property Overview

Parcel ID0402924330265

Lot Size6,162 sq ft (0.141 ac)

Lot Dimensions (est.)120 ft wide × 51 ft deep

Year Built1991

Property ClassRESIDENTIAL

OwnerVONG LEE AND AH YANG

Assessed Value$272,900

Land Value$22,000

Building Value$250,900

Annual Tax$3,880

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

2 permits on record since 2017 · $3K total declared value · Most recent: Jul 2017 (res)

ResJul 2017Closed

Jesse Yang

RemodelJul 2017Closed

$3K

Jesse Yang

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 width42 ft

Buildable depth79 ft

Area~3,307 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 3,307 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
3609 OLIVER AVE N MINNEAPOLIS MN 55412	ARMAND GUY NGADJUL MEDJIALEU	RESIDENTIAL	$273,900	51 ft
3601 OLIVER AVE N MINNEAPOLIS MN 55412	STACEY D HENDERSON	RESIDENTIAL	$267,800	51 ft
3613 OLIVER AVE N MINNEAPOLIS MN 55412	HOUA LOR VANG/YEE LENG VANG	RESIDENTIAL	$278,000	103 ft
3617 OLIVER AVE N MINNEAPOLIS MN 55412	L A GLOVER & T E GLOVER	RESIDENTIAL	$281,000	154 ft
3557 OLIVER AVE N MINNEAPOLIS MN 55412	ARACELI ONOFRE-SALAS	RESIDENTIAL	$197,500	159 ft
3604 OLIVER AVE N MINNEAPOLIS MN 55412	GLORIA BECENA	RESIDENTIAL	$222,900	186 ft
3606 OLIVER AVE N MINNEAPOLIS MN 55412	DORA RICARD	RESIDENTIAL	$144,900	187 ft
3600 OLIVER AVE N MINNEAPOLIS MN 55412	JONTAE J WASHINGTON	RESIDENTIAL	$232,000	195 ft
3555 OLIVER AVE N MINNEAPOLIS MN 55412	BRYANT ARRIAGA	RESIDENTIAL	$144,400	198 ft
3614 OLIVER AVE N MINNEAPOLIS MN 55412	RYAN CROSSLAND	RESIDENTIAL	$183,700	202 ft

Property History

Most Recent Sale

Date201712

Price$199,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,880