5350 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 1602824330100

Property Overview

Parcel ID1602824330100

Lot Size6,154 sq ft (0.141 ac)

Lot Dimensions (est.)126 ft wide × 49 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerC SWEDAL & S ENGEMANN

Assessed Value$520,000

Land Value$252,000

Building Value$268,000

Annual Tax$8,089

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $10K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

CENTERPOINT ENERGY

ExistresJan 2025Closed

SODERLIN PLUMBING HEATING AND AIR

ResMar 2022Closed

CenterPoint Energy Resource Corp

MiscOct 2020Closed

$10K

Anthony Construction 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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth9 ft

Area~3,082 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 3,082 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5346 OLIVER AVE S MINNEAPOLIS MN 55419	R L NORTON & M J NORTON	RESIDENTIAL	$529,100	47 ft
5342 OLIVER AVE S MINNEAPOLIS MN 55419	BROOKE H NELSON	RESIDENTIAL	$357,400	93 ft
2214 54TH ST W MINNEAPOLIS MN 55419	J Y CHERNER & I S CHERNER	COMMERCIAL-PREFERRED	$346,000	102 ft
5400 OLIVER AVE S MINNEAPOLIS MN 55419	G SANDHOLM & R SANDHOLM	RESIDENTIAL	$420,800	114 ft
5332 OLIVER AVE S MINNEAPOLIS MN 55419	S R DWYER & C M DWYER	RESIDENTIAL	$845,500	142 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	2213 W 54TH STREET LLC	COMMERCIAL-PREFERRED	$464,000	149 ft
5343 PENN AVE S MINNEAPOLIS MN 55419	PENN AVENUE FLATS LLC	APARTMENT	$706,500	158 ft
5404 OLIVER AVE S MINNEAPOLIS MN 55419	THOMAS J & SHEILA N HELM	RESIDENTIAL	$452,100	162 ft
5357 PENN AVE S MINNEAPOLIS MN 55419	RADISH FARM STOP HLDINGS LLC	COMMERCIAL-PREFERRED	$813,000	164 ft
5353 OLIVER AVE S MINNEAPOLIS MN 55419	T MARRONE & K BOHNENSTINGL	RESIDENTIAL	$451,100	186 ft

Property History

Most Recent Sale

Date202404

Price$505,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,089