3435 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0902924220097

Property Overview

Parcel ID0902924220097

Lot Size4,977 sq ft (0.114 ac)

Lot Dimensions (est.)126 ft wide × 39 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerKENNETH A KUSIAK

Assessed Value$236,800

Land Value$18,000

Building Value$218,800

Annual Tax$3,282

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

6 permits on record since 2017 · $36K total declared value · Most recent: May 2026 (misc)

MiscMay 2026Final Inspection

$23K

ALL AROUND PROPERTY PRESERVATION

ResMar 2023Closed

CenterPoint Energy Resource Corp

MiscAug 2021Closed

$13K

RENEWAL BY ANDERSEN CORP

ExistresMar 2018Closed

Standard Heating and Air Conditioning Inc

ExistresMay 2017Closed

KLINE CORP

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 width29 ft

Buildable depth88 ft

Area~2,537 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 2,537 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3431 OLIVER AVE N MINNEAPOLIS MN 55412	REBECCA FOX	RESIDENTIAL	$208,800	39 ft
3441 OLIVER AVE N MINNEAPOLIS MN 55412	ADAM MORTENSEN	RESIDENTIAL	$210,800	49 ft
3427 OLIVER AVE N MINNEAPOLIS MN 55412	BARBARA A SAUVE	RESIDENTIAL	$189,600	79 ft
3445 OLIVER AVE N MINNEAPOLIS MN 55412	JESSICA MERCEDES SYMONS	RESIDENTIAL	$191,200	93 ft
3423 OLIVER AVE N MINNEAPOLIS MN 55412	ANNA PREGENT	RESIDENTIAL	$127,000	118 ft
3447 OLIVER AVE N MINNEAPOLIS MN 55412	ERIC ROSS	RESIDENTIAL	$194,600	122 ft
3434 PENN AVE N MINNEAPOLIS MN 55412	TARIQ KHAN	RESIDENTIAL	$266,000	138 ft
3438 PENN AVE N MINNEAPOLIS MN 55412	FADHIL ABED	RESIDENTIAL	$210,900	144 ft
3428 PENN AVE N MINNEAPOLIS MN 55412	ELISEO QUIZHPI CONDO	RESIDENTIAL	$217,300	154 ft
3451 OLIVER AVE N MINNEAPOLIS MN 55412	MICHAEL D WELTON	RESIDENTIAL	$182,400	157 ft

Property History

Most Recent Sale

Date202010

Price$185,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,282