5136 PENN AVE S MINNEAPOLIS MN 55419

PID: 1702824410202

Property Overview

Parcel ID1702824410202

Lot Size5,026 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerM J & K E KENNEDY

Assessed Value$500,800

Land Value$233,000

Building Value$267,800

Annual Tax$7,970

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $109K total declared value · Most recent: Oct 2024 (existres)

ExistresOct 2024Closed

Sensible Heating and Air Conditioning LLC

MiscOct 2022Closed

$19K

Haven Builders LLC

RemodelMay 2021Closed

$90K

FULL CIRCLE CONSTRUCTION

ResMay 2021Closed

Piperight Plumbing Inc

ExistresApr 2021Closed

STAFFORD HOME SERVICE

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 width30 ft

Buildable depth86 ft

Area~2,569 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 2,569 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
5132 PENN AVE S MINNEAPOLIS MN 55419	CORINNE SOLHEID	RESIDENTIAL	$409,900	40 ft
5140 PENN AVE S MINNEAPOLIS MN 55419	MARY-BETH MARAS	RESIDENTIAL	$488,000	50 ft
5128 PENN AVE S MINNEAPOLIS MN 55419	S C POKORNEY & J Z WAINBERG	RESIDENTIAL	$463,700	80 ft
5124 PENN AVE S MINNEAPOLIS MN 55419	STEVEN L ABRAMSON	RESIDENTIAL	$328,400	120 ft
5148 PENN AVE S MINNEAPOLIS MN 55419	STEVEN H BACHLEITNER	RESIDENTIAL	$480,400	121 ft
5137 QUEEN AVE S MINNEAPOLIS MN 55410	P L TESTER & M A TESTER	RESIDENTIAL	$545,900	140 ft
5141 QUEEN AVE S MINNEAPOLIS MN 55410	BRUCE COCHRAN/JENNIFER FOSS	RESIDENTIAL	$663,700	145 ft
5133 QUEEN AVE S MINNEAPOLIS MN 55410	CHARLES C SPEAR	RESIDENTIAL	$643,500	146 ft
5120 PENN AVE S MINNEAPOLIS MN 55419	BENJAMIN WALKER	RESIDENTIAL-TWO UNIT	$473,700	160 ft
5145 QUEEN AVE S MINNEAPOLIS MN 55410	THOMAS G HOREJSI ET AL	RESIDENTIAL	$736,300	160 ft

Property History

Most Recent Sale

Date199207

Price$97,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,970