5058 PENN AVE N MINNEAPOLIS MN 55430

PID: 1111821130005

Property Overview

Parcel ID1111821130005

Lot Size8,118 sq ft (0.186 ac)

Lot Dimensions (est.)125 ft wide × 65 ft deep

Year Built1956

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHEE XIONG

Assessed Value$314,700

Land Value$54,000

Building Value$260,700

Annual Tax$4,574

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResOct 2023Closed

CenterPoint Energy Resource Corp

ResApr 2018Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Shingle Creek · Minneapolis

Median reported rent1,265/mo

Renter-occupied13.6%

Median home value$214K

Vacancy rate8.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.01

Market Snapshot

Zip code 55430

Median sale price$285K+3.3% YoY

Median price / sqft$175/sqft

Median days to close36 days

Active listings37

Source: Redfin Data Center (Invalid Date) · Zip 55430

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth25 ft

Area~4,412 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 4,412 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5052 PENN AVE N MINNEAPOLIS MN 55430	YUEPENG VANG	RESIDENTIAL	$311,000	63 ft
5044 PENN AVE N MINNEAPOLIS MN 55430	SHAWN CLOYD & LISA B CLOYD	RESIDENTIAL-TWO UNIT	$365,700	123 ft
5059 OLIVER AVE N MINNEAPOLIS MN 55430	BRENT MYERS	RESIDENTIAL-TWO UNIT	$345,700	138 ft
5053 OLIVER AVE N MINNEAPOLIS MN 55430	VINCENT RENTAL PROP LLC	LOW INCOME RENTAL	$227,200	149 ft
5049 OLIVER AVE N MINNEAPOLIS MN 55430	ALICE G DEKOUM	RESIDENTIAL	$225,400	168 ft
5040 PENN AVE N MINNEAPOLIS MN 55430	CHONG THOR & YER THOR	RESIDENTIAL	$251,300	183 ft
5059 PENN AVE N MINNEAPOLIS MN 55430	JICCARRA HOLLMAN	RESIDENTIAL	$295,400	192 ft
5045 OLIVER AVE N MINNEAPOLIS MN 55430	CAROL L MCCRILLIS	RESIDENTIAL	$240,800	193 ft
5053 PENN AVE N MINNEAPOLIS MN 55430	KENG YANG	RESIDENTIAL	$333,300	201 ft
5101 PENN AVE N MINNEAPOLIS MN 55430	ZANDRA QUEZADA	RESIDENTIAL	$239,000	226 ft

Property History

Most Recent Sale

Date202404

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,574