5149 PENN AVE S MINNEAPOLIS MN 55419

PID: 1602824320124

Property Overview

Parcel ID1602824320124

Lot Size5,096 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerTARA L NORRIS

Assessed Value$444,500

Land Value$233,000

Building Value$211,500

Annual Tax$6,764

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $14K total declared value · Most recent: Nov 2021 (res)

ResNov 2021Closed

Cities 1 Plumbing and Heating Inc

RemodelAug 2021Closed

$8K

GREAT LAKES WINDOW AND SIDING CO

RemodelMay 2020Closed

$6K

GREAT LAKES WINDOW AND SIDING CO

ResMay 2020Closed

Cities 1 Plumbing and Heating 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,622 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 2,622 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
5145 PENN AVE S MINNEAPOLIS MN 55419	PEDRO D GUILLEN GARZA	RESIDENTIAL	$409,900	40 ft
5153 PENN AVE S MINNEAPOLIS MN 55419	G A DAGGER & A M FRYZEK	RESIDENTIAL	$562,000	60 ft
5137 PENN AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	APARTMENT	$0	100 ft
5148 OLIVER AVE S MINNEAPOLIS MN 55419	D R LAMAGDELEINE TRUST ET AL	RESIDENTIAL	$708,900	140 ft
5152 OLIVER AVE S MINNEAPOLIS MN 55419	J B SIEGEL & A B SIEGEL	RESIDENTIAL	$799,100	152 ft
5140 OLIVER AVE S MINNEAPOLIS MN 55419	J M ROLLER & S A ROLLER	RESIDENTIAL	$731,400	155 ft
5133 PENN AVE S MINNEAPOLIS MN 55419	PATRICIA M FEDKIW	RESIDENTIAL	$452,300	159 ft
5136 OLIVER AVE S MINNEAPOLIS MN 55419	M E WALSH & P J WALSH	RESIDENTIAL	$590,100	183 ft
5148 PENN AVE S MINNEAPOLIS MN 55419	STEVEN H BACHLEITNER	RESIDENTIAL	$480,400	192 ft
5129 PENN AVE S MINNEAPOLIS MN 55419	HADRIAN V MOORE	RESIDENTIAL	$439,300	200 ft

Property History

Most Recent Sale

Date202210

Price$399,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,764