5314 PENN AVE S MINNEAPOLIS MN 55419

PID: 1702824440066

Property Overview

Parcel ID1702824440066

Lot Size9,000 sq ft (0.207 ac)

Lot Dimensions (est.)150 ft wide × 60 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerBETH DENDINGER

Assessed Value$544,400

Land Value$249,000

Building Value$295,400

Annual Tax$8,715

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $84K total declared value · Most recent: Dec 2025 (misc)

MiscDec 2025Final Inspection

$15K

RENEWAL BY ANDERSEN CORP

RemodelJul 2025Closed

$37K

DBS RESIDENTIAL SOLUTIONS INC

RemodelApr 2025Inspection

$16K

DBS RESIDENTIAL SOLUTIONS INC

MiscOct 2021Closed

$12K

NORTHFACE CONSTRUCTION LLC

MiscMar 2019Closed

$4K

THE HOME DEPOT

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 depth110 ft

Area~5,498 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 5,498 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
5320 PENN AVE S MINNEAPOLIS MN 55419	DANIEL LOURY & CLAIRE F HILL	RESIDENTIAL	$497,400	60 ft
5310 PENN AVE S MINNEAPOLIS MN 55419	G M POWELL & E B GOODMAN	RESIDENTIAL	$441,900	61 ft
2316 CROMWELL DR MINNEAPOLIS MN 55410	KATHERINE LINDAHL	RESIDENTIAL	$751,500	104 ft
5304 PENN AVE S MINNEAPOLIS MN 55419	D B OLSON & P D OLSON	RESIDENTIAL-TWO UNIT	$524,700	118 ft
2311 53RD ST W MINNEAPOLIS MN 55410	DAVID JOHN BANKS	RESIDENTIAL	$534,100	143 ft
2320 CROMWELL DR MINNEAPOLIS MN 55410	JOHN MURRAY & NITAL PATEL	RESIDENTIAL	$818,700	153 ft
2309 53RD ST W MINNEAPOLIS MN 55410	B L NICHOLS & M M NICHOLS	RESIDENTIAL	$1,132,700	155 ft
2301 CROMWELL DR MINNEAPOLIS MN 55410	JAMES D SWANSON	RESIDENTIAL-TWO UNIT	$459,700	160 ft
5300 PENN AVE S MINNEAPOLIS MN 55419	LAWRENCE R ANDERSON	RESIDENTIAL-TWO UNIT	$539,100	173 ft
5305 PENN AVE S MINNEAPOLIS MN 55419	GARY J & KAY L HEDENLAND	RESIDENTIAL	$543,200	200 ft

Property History

Most Recent Sale

Date202410

Price$600,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,715