4601 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 1111821430039

Property Overview

Parcel ID1111821430039

Lot Size5,281 sq ft (0.121 ac)

Lot Dimensions (est.)126 ft wide × 42 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerD D FORSMAN & T WANG

Assessed Value$239,000

Land Value$48,000

Building Value$191,000

Annual Tax$3,666

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2020 · $125K total declared value · Most recent: Aug 2024 (existres)

ExistresAug 2024Inspection

BONFES PLUMBING HEATING AND AIR SERVICE INC

RemodelJul 2024Closed

$20K

Joe Builder LLC

ExistresDec 2022Closed

Ideal Air LLC

RemodelDec 2022Closed

$105K

Joe Builder LLC

ResDec 2022Closed

Pipe and Water Plumbing LLC

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 width113 ft

Buildable depth2 ft

Area~2,486 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 2,486 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4607 OLIVER AVE N MINNEAPOLIS MN 55412	BETHANY LEWIS	RESIDENTIAL	$216,000	42 ft
4611 OLIVER AVE N MINNEAPOLIS MN 55412	MIRNA MARICHE JUAREZ	RESIDENTIAL	$252,400	84 ft
4557 OLIVER AVE N MINNEAPOLIS MN 55412	CONOR MELHOUSE	RESIDENTIAL	$147,900	108 ft
4615 OLIVER AVE N MINNEAPOLIS MN 55412	JOHN HAYES & KASEY HAYES	RESIDENTIAL	$279,900	126 ft
4600 PENN AVE N MINNEAPOLIS MN 55412	B L RICHARDSON/R R MUHAMMED	RESIDENTIAL	$217,800	138 ft
4606 PENN AVE N MINNEAPOLIS MN 55412	CHARLES M SKIFF	RESIDENTIAL	$242,500	145 ft
4555 OLIVER AVE N MINNEAPOLIS MN 55412	DUANE E PETERSON	RESIDENTIAL	$120,700	157 ft
4610 PENN AVE N MINNEAPOLIS MN 55412	FRIENDS OF EARNIE'S LLC	RESIDENTIAL	$230,300	163 ft
4558 PENN AVE N MINNEAPOLIS MN 55412	DANYALE POTTS	RESIDENTIAL	$295,500	167 ft
4600 OLIVER AVE N MINNEAPOLIS MN 55412	JOSEPH E MERCIE	RESIDENTIAL	$164,000	185 ft

Property History

Most Recent Sale

Date202203

Price$264,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,666