5305 PENN AVE S MINNEAPOLIS MN 55419

PID: 1602824330087

Property Overview

Parcel ID1602824330087

Lot Size9,679 sq ft (0.222 ac)

Lot Dimensions (est.)64 ft wide × 151 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerGARY J & KAY L HEDENLAND

Assessed Value$543,200

Land Value$265,000

Building Value$278,200

Annual Tax$8,620

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · Most recent: Mar 2022 (res)

ResMar 2022Closed

CenterPoint Energy Resource Corp

ExistresDec 2021Closed

CENTERPOINT ENERGY

ResNov 2021Closed

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width49 ft

Buildable depth111 ft

Area~3,193 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 3,193 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2215 53RD ST W MINNEAPOLIS MN 55419	THOMAS J LEACH	RESIDENTIAL-TWO UNIT	$566,400	63 ft
5311 PENN AVE S MINNEAPOLIS MN 55419	TRAVIS MCHENRY	RESIDENTIAL	$397,000	112 ft
5304 PENN AVE S MINNEAPOLIS MN 55419	D B OLSON & P D OLSON	RESIDENTIAL-TWO UNIT	$524,700	155 ft
5310 PENN AVE S MINNEAPOLIS MN 55419	G M POWELL & E B GOODMAN	RESIDENTIAL	$441,900	165 ft
5300 PENN AVE S MINNEAPOLIS MN 55419	LAWRENCE R ANDERSON	RESIDENTIAL-TWO UNIT	$539,100	169 ft
5321 PENN AVE S MINNEAPOLIS MN 55419	EVELYN Y & SEAN M POESCHL	RESIDENTIAL	$684,400	170 ft
5306 OLIVER AVE S MINNEAPOLIS MN 55419	A J ROELOFS & L D HAMILTON	RESIDENTIAL	$927,000	173 ft
5300 OLIVER AVE S MINNEAPOLIS MN 55419	MARY P LYNCH	RESIDENTIAL	$583,100	175 ft
5310 OLIVER AVE S MINNEAPOLIS MN 55419	JUDITH M HAFICH	RESIDENTIAL	$402,100	185 ft
5314 PENN AVE S MINNEAPOLIS MN 55419	BETH DENDINGER	RESIDENTIAL	$544,400	200 ft

Property History

Most Recent Sale

Date199812

Price$145,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,620