4139 PENN AVE N MINNEAPOLIS MN 55412

PID: 0502924140006

Property Overview

Parcel ID0502924140006

Lot Size5,198 sq ft (0.119 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerRYAN F VOSS AND LOREN F VORK

Assessed Value$216,000

Land Value$41,000

Building Value$175,000

Annual Tax$2,937

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $6K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$6K

NEW TOWN EXTERIORS LLC

ExistresApr 2022Closed

Standard Heating and Air Conditioning Inc

ResDec 2018Closed

CenterPoint Energy Resource Corp

ResSep 2018Closed

ANDERSON'S RESIDENTIAL HEATING AND A / C INC

ResSep 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent1,398/mo

Renter-occupied17.2%

Median home value$256K

Vacancy rate3.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 3

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth90 ft

Area~2,698 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 2,698 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4143 PENN AVE N MINNEAPOLIS MN 55412	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	40 ft
4135 PENN AVE N MINNEAPOLIS MN 55412	E J TRAXLER-RUNDLES ET AL	RESIDENTIAL	$204,000	40 ft
4147 PENN AVE N MINNEAPOLIS MN 55412	N M DONAT & B T NERBURN	RESIDENTIAL	$259,000	80 ft
4131 PENN AVE N MINNEAPOLIS MN 55412	TERRY L UNGER	RESIDENTIAL	$287,000	80 ft
4151 PENN AVE N MINNEAPOLIS MN 55412	PRESTON POWLESS	RESIDENTIAL	$274,500	120 ft
4127 PENN AVE N MINNEAPOLIS MN 55412	JAMES A WILSON	RESIDENTIAL	$246,900	120 ft
4138 QUEEN AVE N MINNEAPOLIS MN 55412	SAMUEL ADU PEPRAH	RESIDENTIAL	$326,000	140 ft
4134 QUEEN AVE N MINNEAPOLIS MN 55412	JACQUELINE S CARLSON	RESIDENTIAL	$238,700	145 ft
4142 QUEEN AVE N MINNEAPOLIS MN 55412	CHARITY D SINGLETON	RESIDENTIAL	$251,600	146 ft
4155 PENN AVE N MINNEAPOLIS MN 55412	INGRA J AVILES	RESIDENTIAL	$232,200	160 ft

Property History

Most Recent Sale

Date201810

Price$148,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,937