3554 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0902924220205

Property Overview

Parcel ID0902924220205

Lot Size5,132 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerBRYN SANNERUD

Assessed Value$178,000

Land Value$18,000

Building Value$160,000

Annual Tax$2,306

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

7 permits on record since 2021 · $44K total declared value · Most recent: Jan 2026 (existres)

ExistresJan 2026Closed

Standard Heating and Air Conditioning Inc

MiscJul 2024Closed

$13K

Manchac Roofing LLC

ResNov 2023Closed

Warners Stellian Co Inc

MiscSep 2023Closed

$23K

RENEWAL BY ANDERSEN CORP

ResSep 2023Closed

Northern's Benjamin Franklin Plumbing

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,648 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 sfr / adu benchmarks for 2,648 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3558 OLIVER AVE N MINNEAPOLIS MN 55412	GRINDLE DUGAS/THERYL DUGAS	RESIDENTIAL	$226,100	39 ft
3550 OLIVER AVE N MINNEAPOLIS MN 55412	RYAN RICHARDSON	RESIDENTIAL	$95,000	40 ft
3546 OLIVER AVE N MINNEAPOLIS MN 55412	MAX HUNTER	RESIDENTIAL	$195,200	80 ft
3542 OLIVER AVE N MINNEAPOLIS MN 55412	GARY BARKE	RESIDENTIAL	$177,300	120 ft
3600 OLIVER AVE N MINNEAPOLIS MN 55412	JONTAE J WASHINGTON	RESIDENTIAL	$232,000	140 ft
3555 NEWTON AVE N MINNEAPOLIS MN 55412	W T JOHNSON & T A LOYD	RESIDENTIAL	$230,700	140 ft
3559 NEWTON AVE N MINNEAPOLIS MN 55412	AMY L O'MALLEY	RESIDENTIAL	$200,800	145 ft
3551 NEWTON AVE N MINNEAPOLIS MN 55412	HAWKEYE REAL ESTATE INVESTME	RESIDENTIAL	$207,600	146 ft
3538 OLIVER AVE N MINNEAPOLIS MN 55412	JACOB WHITING	RESIDENTIAL	$187,200	160 ft
3547 NEWTON AVE N MINNEAPOLIS MN 55412	DANEANA ULMER	RESIDENTIAL	$130,000	162 ft

Property History

Most Recent Sale

Date202307

Price$155,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,306