5056 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 1602824320015

Property Overview

Parcel ID1602824320015

Lot Size4,909 sq ft (0.113 ac)

Lot Dimensions (est.)128 ft wide × 38 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerD & N EDWARDS

Assessed Value$514,500

Land Value$286,000

Building Value$228,500

Annual Tax$7,981

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2002 · $123K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

Standard Heating and Air Conditioning Inc

MiscNov 2023Closed

$3K

THINK STUCCO

ResMay 2021Closed

Norblom Plumbing Co

ResApr 2018Closed

CENTERPOINT ENERGY

Building Re-inspectionNov 2002

$120K

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width115 ft

Buildable depth0 ft

Area~2,231 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 small multifamily (2–4 units, wood frame) benchmarks for 2,231 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
5050 OLIVER AVE S MINNEAPOLIS MN 55419	JOHN BUDGE & REBECCA BUDGE	RESIDENTIAL	$688,500	39 ft
5048 OLIVER AVE S MINNEAPOLIS MN 55419	MICHAEL KOTLYAR/KATIE MELINE	RESIDENTIAL	$528,600	79 ft
5100 OLIVER AVE S MINNEAPOLIS MN 55419	J F HANNEMAN & M M SPRIGGS	RESIDENTIAL	$687,500	100 ft
5044 OLIVER AVE S MINNEAPOLIS MN 55419	C M GUIDOT & W J GERMAIN	RESIDENTIAL	$612,100	119 ft
5104 OLIVER AVE S MINNEAPOLIS MN 55419	K R GOLDMAN & D GOLDMAN	RESIDENTIAL	$818,700	140 ft
5057 PENN AVE S MINNEAPOLIS MN 55419	THOMAS W RADANT	RESIDENTIAL-TWO UNIT	$504,800	140 ft
5053 PENN AVE S MINNEAPOLIS MN 55419	ELLEN C SHARE	RESIDENTIAL-TWO UNIT	$592,900	145 ft
5040 OLIVER AVE S MINNEAPOLIS MN 55419	T L SIEGFRIED & K L BURNS	RESIDENTIAL	$550,100	159 ft
5049 PENN AVE S MINNEAPOLIS MN 55419	SUSAN G BARTON 2009 TR ET AL	RESIDENTIAL	$469,100	161 ft
5101 PENN AVE S MINNEAPOLIS MN 55419	JULIA M CONNLY	RESIDENTIAL	$352,800	171 ft

Property History

Most Recent Sale

Date199706

Price$131,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,981