3441 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0902924220096

Property Overview

Parcel ID0902924220096

Lot Size7,466 sq ft (0.171 ac)

Lot Dimensions (est.)126 ft wide × 59 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerADAM MORTENSEN

Assessed Value$210,800

Land Value$21,000

Building Value$189,800

Annual Tax$2,850

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width49 ft

Buildable depth87 ft

Area~4,238 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 4,238 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3445 OLIVER AVE N MINNEAPOLIS MN 55412	JESSICA MERCEDES SYMONS	RESIDENTIAL	$191,200	43 ft
3435 OLIVER AVE N MINNEAPOLIS MN 55412	KENNETH A KUSIAK	RESIDENTIAL	$236,800	49 ft
3447 OLIVER AVE N MINNEAPOLIS MN 55412	ERIC ROSS	RESIDENTIAL	$194,600	73 ft
3431 OLIVER AVE N MINNEAPOLIS MN 55412	REBECCA FOX	RESIDENTIAL	$208,800	89 ft
3451 OLIVER AVE N MINNEAPOLIS MN 55412	MICHAEL D WELTON	RESIDENTIAL	$182,400	108 ft
3427 OLIVER AVE N MINNEAPOLIS MN 55412	BARBARA A SAUVE	RESIDENTIAL	$189,600	128 ft
3438 PENN AVE N MINNEAPOLIS MN 55412	FADHIL ABED	RESIDENTIAL	$210,900	138 ft
3440 PENN AVE N MINNEAPOLIS MN 55412	JOSE MARTINEZ ROMO ET AL	LOW INCOME RENTAL	$263,700	142 ft
3453 OLIVER AVE N MINNEAPOLIS MN 55412	J GARSIDE/S VALLIERE	RESIDENTIAL	$295,000	149 ft
3434 PENN AVE N MINNEAPOLIS MN 55412	TARIQ KHAN	RESIDENTIAL	$266,000	150 ft

Property History

Most Recent Sale

Date202512

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,850