4555 PENN AVE N MINNEAPOLIS MN 55412

PID: 1111821340149

Property Overview

Parcel ID1111821340149

Lot Size5,026 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerFRANK E PETERSON

Assessed Value$218,300

Land Value$47,000

Building Value$171,300

Annual Tax$2,975

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2020 · Most recent: Feb 2020 (res)

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

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

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 depth0 ft

Area~2,312 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,312 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4553 PENN AVE N MINNEAPOLIS MN 55412	D & R SMITH	RESIDENTIAL	$201,300	40 ft
4549 PENN AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	81 ft
4601 PENN AVE N MINNEAPOLIS MN 55412	CHELSEA SUTCLIFFE	RESIDENTIAL	$213,900	100 ft
4558 QUEEN AVE N MINNEAPOLIS MN 55412	CORIE FIEBIG & CHERI FIEBIG	RESIDENTIAL	$329,600	138 ft
4607 PENN AVE N MINNEAPOLIS MN 55412	BARNICK STANTON FAMILY TRUST	RESIDENTIAL	$242,000	140 ft
4543 PENN AVE N MINNEAPOLIS MN 55412	B MICKELSON & R MICKELSON	RESIDENTIAL	$218,800	141 ft
4554 QUEEN AVE N MINNEAPOLIS MN 55412	YAHTIA K TAYLOR	RESIDENTIAL	$240,400	145 ft
4550 QUEEN AVE N MINNEAPOLIS MN 55412	CHERYL L HYINK	RESIDENTIAL	$236,900	161 ft
4600 QUEEN AVE N MINNEAPOLIS MN 55412	K RAHKOLA & A R RAHKOLA	RESIDENTIAL	$245,900	170 ft
4611 PENN AVE N MINNEAPOLIS MN 55412	JOSEPH S MASON	RESIDENTIAL	$190,600	180 ft

Property History

Most Recent Sale

Date199706

Price$63,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,975