5056 PENN AVE S MINNEAPOLIS MN 55419

PID: 1702824410012

Property Overview

Parcel ID1702824410012

Lot Size7,536 sq ft (0.173 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerM J FUERCH & B FUERCH

Assessed Value$599,500

Land Value$273,000

Building Value$326,500

Annual Tax$9,593

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $39K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$13K

SCHERER BROTHERS LUMBER CO

MiscMay 2024Closed

$19K

BLUE OX EXTERIORS LLC

RemodelMay 2024Closed

$8K

ALL ENERGY SOLAR INC

ExistresMar 2019Closed

Pronto Heating & Air Conditioning Inc

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

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 width111 ft

Buildable depth20 ft

Area~3,852 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 3,852 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
5052 PENN AVE S MINNEAPOLIS MN 55419	J M MALONE & B J MALONE	RESIDENTIAL	$698,300	60 ft
5044 PENN AVE S MINNEAPOLIS MN 55419	SEAN TERRENCE CONNER	RESIDENTIAL-TWO UNIT	$627,000	110 ft
5100 PENN AVE S MINNEAPOLIS MN 55419	DENISE R STROMBERG	RESIDENTIAL	$330,000	110 ft
5057 QUEEN AVE S MINNEAPOLIS MN 55410	GREGORY J LEWIS	RESIDENTIAL	$517,500	140 ft
5053 QUEEN AVE S MINNEAPOLIS MN 55410	TODD A BETHEL/PAULA J BETHEL	RESIDENTIAL	$604,500	144 ft
5040 PENN AVE S MINNEAPOLIS MN 55419	RICHARD D OLSON REV TRUST	RESIDENTIAL-TWO UNIT	$570,600	150 ft
5104 PENN AVE S MINNEAPOLIS MN 55419	D L MATTSON & S C CASPERSON	RESIDENTIAL	$530,000	151 ft
5049 QUEEN AVE S MINNEAPOLIS MN 55410	BENJAMIN VEATER-FUCHS ET AL	RESIDENTIAL	$622,800	157 ft
5045 QUEEN AVE S MINNEAPOLIS MN 55410	E H GRAHAM & ANDREW C PERSON	RESIDENTIAL	$725,300	179 ft
5101 QUEEN AVE S MINNEAPOLIS MN 55410	CHERYL L SHRADER-BOGEN TRUST	RESIDENTIAL	$1,029,700	182 ft

Property History

Most Recent Sale

Date201704

Price$499,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,593