5100 PENN AVE S MINNEAPOLIS MN 55419

PID: 1702824410193

Property Overview

Parcel ID1702824410193

Lot Size5,135 sq ft (0.118 ac)

Lot Dimensions (est.)126 ft wide × 41 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerDENISE R STROMBERG

Assessed Value$330,000

Land Value$236,000

Building Value$94,000

Annual Tax$4,900

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $17K total declared value · Most recent: Oct 2020 (misc)

MiscOct 2020Closed

$12K

YOUNGER EXTERIORS INC

MiscFeb 2020Closed

$5K

ALL AROUND ROOFING AND RENOVATIONS

ExistresJun 2019Closed

Ray N Welter Heating Co

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 depth1 ft

Area~2,215 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 2,215 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5104 PENN AVE S MINNEAPOLIS MN 55419	D L MATTSON & S C CASPERSON	RESIDENTIAL	$530,000	40 ft
5108 PENN AVE S MINNEAPOLIS MN 55419	BRENDA HUGHES REVOC TRUST	RESIDENTIAL	$444,200	80 ft
5056 PENN AVE S MINNEAPOLIS MN 55419	M J FUERCH & B FUERCH	RESIDENTIAL	$599,500	110 ft
5112 PENN AVE S MINNEAPOLIS MN 55419	PHILLIP & DEBORA BUCCIERI TR	RESIDENTIAL	$482,300	120 ft
5101 QUEEN AVE S MINNEAPOLIS MN 55410	CHERYL L SHRADER-BOGEN TRUST	RESIDENTIAL	$1,029,700	140 ft
5107 QUEEN AVE S MINNEAPOLIS MN 55410	N REICHERT & R GOODWIN	RESIDENTIAL	$644,000	155 ft
5116 PENN AVE S MINNEAPOLIS MN 55419	KIMBERLEY TODD & W V STEVENS	RESIDENTIAL	$495,100	160 ft
5052 PENN AVE S MINNEAPOLIS MN 55419	J M MALONE & B J MALONE	RESIDENTIAL	$698,300	170 ft
5057 QUEEN AVE S MINNEAPOLIS MN 55410	GREGORY J LEWIS	RESIDENTIAL	$517,500	173 ft
5115 QUEEN AVE S MINNEAPOLIS MN 55410	ERIC C & MARDELLE M MADSEN	RESIDENTIAL	$893,000	182 ft

Property History

Most Recent Sale

Date199203

Price$1

Type—

Current Tax Year

Year2026

Tax Due$4,900