5148 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 1602824320121

Property Overview

Parcel ID1602824320121

Lot Size7,645 sq ft (0.176 ac)

Lot Dimensions (est.)128 ft wide × 60 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerD R LAMAGDELEINE TRUST ET AL

Assessed Value$708,900

Land Value$347,000

Building Value$361,900

Annual Tax$11,662

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2004 · $256K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$39K

PELLA NORTHLAND

ExistresMar 2024Closed

CENTERPOINT ENERGY

ResJun 2023Expired

Warners Stellian Co Inc

MiscJul 2021Closed

$12K

LAKEWOODS REMODELING INC

ResAug 2020Closed

Urban Pine Plumbing and Mechanical Inc

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 width50 ft

Buildable depth87 ft

Area~4,372 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 4,372 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5140 OLIVER AVE S MINNEAPOLIS MN 55419	J M ROLLER & S A ROLLER	RESIDENTIAL	$731,400	60 ft
5152 OLIVER AVE S MINNEAPOLIS MN 55419	J B SIEGEL & A B SIEGEL	RESIDENTIAL	$799,100	70 ft
5136 OLIVER AVE S MINNEAPOLIS MN 55419	M E WALSH & P J WALSH	RESIDENTIAL	$590,100	110 ft
5149 PENN AVE S MINNEAPOLIS MN 55419	TARA L NORRIS	RESIDENTIAL	$444,500	140 ft
5145 PENN AVE S MINNEAPOLIS MN 55419	PEDRO D GUILLEN GARZA	RESIDENTIAL	$409,900	143 ft
5132 OLIVER AVE S MINNEAPOLIS MN 55419	CAROL JANE BRUNETTE	RESIDENTIAL	$416,900	150 ft
5153 PENN AVE S MINNEAPOLIS MN 55419	G A DAGGER & A M FRYZEK	RESIDENTIAL	$562,000	155 ft
5137 PENN AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	APARTMENT	$0	166 ft
5149 OLIVER AVE S MINNEAPOLIS MN 55419	N ALDAHONDO & B KEIST	RESIDENTIAL	$998,600	189 ft
5128 OLIVER AVE S MINNEAPOLIS MN 55419	N J HAIGHT & J P ANDERSON	RESIDENTIAL	$693,000	190 ft

Property History

Most Recent Sale

Date199207

Price$154,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,662