5331 PENN AVE S MINNEAPOLIS MN 55419

PID: 1602824330082

Property Overview

Parcel ID1602824330082

Lot Size8,835 sq ft (0.203 ac)

Lot Dimensions (est.)126 ft wide × 70 ft deep

Year Built1969

Property ClassRESIDENTIAL-TWO UNIT

OwnerJ P GEORGE L L C

Assessed Value$545,200

Land Value$237,000

Building Value$308,200

Annual Tax$10,780

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

No permits found in Minneapolis open data for this parcel.

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 width60 ft

Buildable depth86 ft

Area~5,170 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 3-story wood frame (5–12 units) benchmarks for 5,170 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5337 PENN AVE S MINNEAPOLIS MN 55419	COLAN BOGGESS	RESIDENTIAL-TWO UNIT	$516,300	65 ft
5329 PENN AVE S MINNEAPOLIS MN 55419	DANIEL PRODY/GRACE BETTINO	RESIDENTIAL	$457,800	68 ft
5343 PENN AVE S MINNEAPOLIS MN 55419	PENN AVENUE FLATS LLC	APARTMENT	$706,500	125 ft
5321 PENN AVE S MINNEAPOLIS MN 55419	EVELYN Y & SEAN M POESCHL	RESIDENTIAL	$684,400	132 ft
5330 OLIVER AVE S MINNEAPOLIS MN 55419	J SELICKMAN & G E ROECK	RESIDENTIAL	$526,400	140 ft
5324 OLIVER AVE S MINNEAPOLIS MN 55419	S FERREE/N LONSWAY	RESIDENTIAL	$980,500	144 ft
5332 OLIVER AVE S MINNEAPOLIS MN 55419	S R DWYER & C M DWYER	RESIDENTIAL	$845,500	151 ft
5320 OLIVER AVE S MINNEAPOLIS MN 55419	DENNIS JON	RESIDENTIAL	$406,100	163 ft
5342 OLIVER AVE S MINNEAPOLIS MN 55419	BROOKE H NELSON	RESIDENTIAL	$357,400	175 ft
5357 PENN AVE S MINNEAPOLIS MN 55419	RADISH FARM STOP HLDINGS LLC	COMMERCIAL-PREFERRED	$813,000	190 ft

Property History

Most Recent Sale

Date199302

Price$1

Type—

Current Tax Year

Year2026

Tax Due$10,780