3431 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0902924220098

Property Overview

Parcel ID0902924220098

Lot Size4,977 sq ft (0.114 ac)

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

Year Built1929

Property ClassRESIDENTIAL

OwnerREBECCA FOX

Assessed Value$208,800

Land Value$18,000

Building Value$190,800

Annual Tax$2,816

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

4 permits on record since 2024 · Most recent: Oct 2024 (res)

ResOct 2024Closed

Larson Plumbing Inc

ExistresOct 2024Closed

Larson Plumbing Inc

ResOct 2024Closed

Larson Plumbing Inc

ResFeb 2024Closed

CenterPoint Energy Resource 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
3435 OLIVER AVE N MINNEAPOLIS MN 55412	KENNETH A KUSIAK	RESIDENTIAL	$236,800	39 ft
3427 OLIVER AVE N MINNEAPOLIS MN 55412	BARBARA A SAUVE	RESIDENTIAL	$189,600	39 ft
3423 OLIVER AVE N MINNEAPOLIS MN 55412	ANNA PREGENT	RESIDENTIAL	$127,000	79 ft
3441 OLIVER AVE N MINNEAPOLIS MN 55412	ADAM MORTENSEN	RESIDENTIAL	$210,800	89 ft
3419 OLIVER AVE N MINNEAPOLIS MN 55412	CCF3 LLC	RESIDENTIAL	$184,000	118 ft
3445 OLIVER AVE N MINNEAPOLIS MN 55412	JESSICA MERCEDES SYMONS	RESIDENTIAL	$191,200	132 ft
3428 PENN AVE N MINNEAPOLIS MN 55412	ELISEO QUIZHPI CONDO	RESIDENTIAL	$217,300	141 ft
3434 PENN AVE N MINNEAPOLIS MN 55412	TARIQ KHAN	RESIDENTIAL	$266,000	142 ft
3415 OLIVER AVE N MINNEAPOLIS MN 55412	TYRONE M PLUNKETT	RESIDENTIAL	$146,900	158 ft
3422 PENN AVE N MINNEAPOLIS MN 55412	XINHUA JIA & ZHANGWEI CHAI	RESIDENTIAL	$265,000	158 ft

Property History

Most Recent Sale

Date202509

Price$196,100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,816