4414 PENN AVE N MINNEAPOLIS MN 55412

PID: 1411821120049

Property Overview

Parcel ID1411821120049

Lot Size5,131 sq ft (0.118 ac)

Lot Dimensions (est.)123 ft wide × 42 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerMARY L S HJULBERG

Assessed Value$173,400

Land Value$46,000

Building Value$127,400

Annual Tax$2,230

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Great Streets Priority ParcelHigh

Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

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

3 permits on record since 2019 · $9K total declared value · Most recent: Mar 2022 (res)

ResMar 2022Closed

CenterPoint Energy Resource Corp

AdditionJul 2021Closed

$2K

Twin Cities Habitat for Humanity Inc

MiscNov 2019Closed

$7K

Twin City Roofing Construction Specialist Inc

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth82 ft

Area~2,634 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 small multifamily (2–4 units, wood frame) benchmarks for 2,634 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4418 PENN AVE N MINNEAPOLIS MN 55412	4PN PROPERTIES LLC	RESIDENTIAL	$208,900	42 ft
4422 PENN AVE N MINNEAPOLIS MN 55412	J L FLORES & M FORCE	RESIDENTIAL	$236,700	84 ft
2140 44TH AVE N MINNEAPOLIS MN 55412	M W PARSONS & K R PARSONS	COMMERCIAL-PREFERRED	$173,000	99 ft
2144 44TH AVE N MINNEAPOLIS MN 55412	M W PARSONS & K R PARSONS	COMMERCIAL-PREFERRED	$210,000	101 ft
2138 44TH AVE N MINNEAPOLIS MN 55412	M W PARSONS & K R PARSONS	LAND-COMMERCIAL	$37,600	110 ft
4426 PENN AVE N MINNEAPOLIS MN 55412	M MILLARD & C S KING	RESIDENTIAL	$248,200	126 ft
2134 44TH AVE N MINNEAPOLIS MN 55412	MYGENESIS PROPERTIES LLC	RESIDENTIAL	$204,000	135 ft
4411 OLIVER AVE N MINNEAPOLIS MN 55412	GRACE DAWSON	RESIDENTIAL	$222,400	139 ft
4419 OLIVER AVE N MINNEAPOLIS MN 55412	EVONNE GIBSON	RESIDENTIAL	$247,700	145 ft
2130 44TH AVE N MINNEAPOLIS MN 55412	MYGENESIS PROPERTIES LLC	RESIDENTIAL	$212,000	160 ft

Property History

Current Tax Year

Year2026

Tax Due$2,230