5105 PENN AVE S MINNEAPOLIS MN 55419

PID: 1602824320133

Property Overview

Parcel ID1602824320133

Lot Size5,101 sq ft (0.117 ac)

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

Year Built1919

Property ClassRESIDENTIAL

OwnerWESLEY CARTER

Assessed Value$347,900

Land Value$228,000

Building Value$119,900

Annual Tax$5,153

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2022 · $21K total declared value · Most recent: Mar 2026 (res)

ResMar 2026Closed

PRIORITY PLUMBING AND DRAINS

ExistresMar 2026Closed

TOTAL COMFORT

MiscSep 2024Closed

$14K

Wesley Carter

ResJun 2024Closed

MN Plumbing & Home Services INC

MiscJul 2022Closed

$7K

THE CONSTRUCTION GROUP 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 depth88 ft

Area~2,626 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 2,626 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
5101 PENN AVE S MINNEAPOLIS MN 55419	JULIA M CONNLY	RESIDENTIAL	$352,800	41 ft
5109 PENN AVE S MINNEAPOLIS MN 55419	ROBERT WILLIAM GORRILLA	RESIDENTIAL-TWO UNIT	$604,900	60 ft
5117 PENN AVE S MINNEAPOLIS MN 55419	MARY A NEWMAN ETAL W/L EST	RESIDENTIAL	$306,000	120 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	141 ft
5100 OLIVER AVE S MINNEAPOLIS MN 55419	J F HANNEMAN & M M SPRIGGS	RESIDENTIAL	$687,500	145 ft
5108 OLIVER AVE S MINNEAPOLIS MN 55419	MARK B KELLEY/MARY B KELLEY	RESIDENTIAL	$679,800	145 ft
5121 PENN AVE S MINNEAPOLIS MN 55419	A N MARQUEZ & T BEHR	RESIDENTIAL	$319,000	159 ft
5112 OLIVER AVE S MINNEAPOLIS MN 55419	MATTHEW J HEDMAN REV TRUST	RESIDENTIAL	$706,800	161 ft
5053 PENN AVE S MINNEAPOLIS MN 55419	ELLEN C SHARE	RESIDENTIAL-TWO UNIT	$592,900	180 ft

Property History

Most Recent Sale

Date202205

Price$331,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,153