4517 PENN AVE N MINNEAPOLIS MN 55412

PID: 1111821340157

Property Overview

Parcel ID1111821340157

Lot Size4,200 sq ft (0.096 ac)

Lot Dimensions (est.)125 ft wide × 34 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerELIZABETH ANNE HAYES

Assessed Value$221,500

Land Value$42,000

Building Value$179,500

Annual Tax$4,292

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Victory Memorial Drive

Development Opportunities

Historic district — Victory Memorial DriveHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2018 · $32K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$32K

Minnesota Rusco Inc

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResOct 2019Closed

CHAMPION PLUMBING LLC

ExistresJun 2018Closed

MINNEAPOLIS-ST. PAUL PLUMBING, HEATING & AIR

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width26 ft

Buildable depth77 ft

Area~2,006 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 2,006 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4521 PENN AVE N MINNEAPOLIS MN 55412	HEATHER CRAWFORD	RESIDENTIAL	$236,700	42 ft
4527 PENN AVE N MINNEAPOLIS MN 55412	JANET ANNETTE THOMAS	RESIDENTIAL	$319,000	97 ft
2222 MEMORIAL PKWY MINNEAPOLIS MN 55412	BARBARA BUTTS WILLIAMS	RESIDENTIAL	$403,300	140 ft
4533 PENN AVE N MINNEAPOLIS MN 55412	JOSEPH CRANDALL	RESIDENTIAL	$206,400	148 ft
4526 QUEEN AVE N MINNEAPOLIS MN 55412	B ANDREWS & A ANDREWS	RESIDENTIAL	$235,200	154 ft
2144 MEMORIAL PKWY MINNEAPOLIS MN 55412	NOAH JOHNSON	RESIDENTIAL	$216,000	158 ft
4530 QUEEN AVE N MINNEAPOLIS MN 55412	R A M BORNMANN & G SPEARS JR	RESIDENTIAL	$294,900	175 ft
4537 PENN AVE N MINNEAPOLIS MN 55412	SAMUEL M HOFFSTROM	RESIDENTIAL	$185,000	188 ft
4534 QUEEN AVE N MINNEAPOLIS MN 55412	L STAWARZ & F STAWARZ	RESIDENTIAL	$181,300	202 ft
2140 MEMORIAL PKWY MINNEAPOLIS MN 55412	K E BROWN & L VAN HORNE	RESIDENTIAL	$322,800	210 ft

Property History

Most Recent Sale

Date201805

Price$183,750

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,292