5052 PENN AVE S MINNEAPOLIS MN 55419

PID: 1702824410011

Property Overview

Parcel ID1702824410011

Lot Size7,536 sq ft (0.173 ac)

Lot Dimensions (est.)126 ft wide × 60 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJ M MALONE & B J MALONE

Assessed Value$698,300

Land Value$273,000

Building Value$425,300

Annual Tax$11,750

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $78K total declared value · Most recent: Oct 2025 (existres)

ExistresOct 2025Closed

Johnson Plumbing and Heating Co

RemodelOct 2025Final Inspection

$50K

SP Builders LLC

ResNov 2019Closed

MN Plumbing & Home Services INC

RemodelMar 2017Closed

$28K

KNUTSON CUSTOM REMODELERS

ExistresJan 2017Closed

Jim Beck Mechanical LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Fulton · 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 width50 ft

Buildable depth86 ft

Area~4,280 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 4,280 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
5044 PENN AVE S MINNEAPOLIS MN 55419	SEAN TERRENCE CONNER	RESIDENTIAL-TWO UNIT	$627,000	50 ft
5056 PENN AVE S MINNEAPOLIS MN 55419	M J FUERCH & B FUERCH	RESIDENTIAL	$599,500	60 ft
5040 PENN AVE S MINNEAPOLIS MN 55419	RICHARD D OLSON REV TRUST	RESIDENTIAL-TWO UNIT	$570,600	90 ft
5034 PENN AVE S MINNEAPOLIS MN 55419	M JOHNSON & A ROWLAND	RESIDENTIAL-TWO UNIT	$573,100	140 ft
5049 QUEEN AVE S MINNEAPOLIS MN 55410	BENJAMIN VEATER-FUCHS ET AL	RESIDENTIAL	$622,800	140 ft
5053 QUEEN AVE S MINNEAPOLIS MN 55410	TODD A BETHEL/PAULA J BETHEL	RESIDENTIAL	$604,500	142 ft
5045 QUEEN AVE S MINNEAPOLIS MN 55410	E H GRAHAM & ANDREW C PERSON	RESIDENTIAL	$725,300	149 ft
5057 QUEEN AVE S MINNEAPOLIS MN 55410	GREGORY J LEWIS	RESIDENTIAL	$517,500	155 ft
5041 QUEEN AVE S MINNEAPOLIS MN 55410	MARY BECK	RESIDENTIAL	$873,100	168 ft
5100 PENN AVE S MINNEAPOLIS MN 55419	DENISE R STROMBERG	RESIDENTIAL	$330,000	170 ft

Property History

Most Recent Sale

Date199806

Price$152,600

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,750