5021 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 1602824320052

Property Overview

Parcel ID1602824320052

Lot Size5,166 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerALEXANDER MELTON ET AL

Assessed Value$615,000

Land Value$296,000

Building Value$319,000

Annual Tax$9,887

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $48K total declared value · Most recent: May 2024 (res)

ResMay 2024Closed

Warners Stellian Co Inc

ResOct 2019Closed

Cities 1 Plumbing and Heating Inc

RemodelOct 2019Closed

$15K

GREAT LAKES WINDOW AND SIDING CO

MiscAug 2019Closed

$33K

RENEWAL BY ANDERSEN CORP

ResApr 2018Closed

CENTERPOINT ENERGY

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth89 ft

Area~2,675 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 2,675 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5025 OLIVER AVE S MINNEAPOLIS MN 55419	J M KOONTZ & P B KOONTZ	RESIDENTIAL	$700,800	40 ft
5017 OLIVER AVE S MINNEAPOLIS MN 55419	A W DIETERICH/M M DIETERICH	RESIDENTIAL	$651,600	40 ft
5029 OLIVER AVE S MINNEAPOLIS MN 55419	T U FORAN REVOC TRUST ET AL	RESIDENTIAL	$698,800	80 ft
5015 OLIVER AVE S MINNEAPOLIS MN 55419	M M HART & A C HART	RESIDENTIAL	$828,000	80 ft
5031 OLIVER AVE S MINNEAPOLIS MN 55419	BRADLEY JAY SCHLICHTING	RESIDENTIAL	$568,500	120 ft
5009 OLIVER AVE S MINNEAPOLIS MN 55419	S K FORBES & J M OCKWIG	RESIDENTIAL	$505,200	120 ft
5024 NEWTON AVE S MINNEAPOLIS MN 55419	W D BLANCHFILL/K J SHEPPARD	RESIDENTIAL	$830,200	144 ft
5016 NEWTON AVE S MINNEAPOLIS MN 55419	M W SHAFER & G H SHAFER	RESIDENTIAL	$526,600	145 ft
5037 OLIVER AVE S MINNEAPOLIS MN 55419	MARGARET MARY TRACY	RESIDENTIAL	$462,100	160 ft
5005 OLIVER AVE S MINNEAPOLIS MN 55419	EMILY MILLER & PAUL BEGICH	RESIDENTIAL-TWO UNIT	$666,400	160 ft

Property History

Most Recent Sale

Date202505

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,887