5300 PENN AVE S MINNEAPOLIS MN 55419

PID: 1702824440116

Property Overview

Parcel ID1702824440116

Lot Size6,666 sq ft (0.153 ac)

Lot Dimensions (est.)115 ft wide × 58 ft deep

Year Built1960

Property ClassRESIDENTIAL-TWO UNIT

OwnerLAWRENCE R ANDERSON

Assessed Value$539,100

Land Value$231,000

Building Value$308,100

Annual Tax$10,518

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $13K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Final Inspection

$13K

ROYAL RESTORATION INC

ExistresSep 2021Closed

GV Heating and Air Inc

ExistresAug 2021Closed

BWS Heating and Air Conditioning 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

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 width100 ft

Buildable depth18 ft

Area~3,221 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 3,221 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
5304 PENN AVE S MINNEAPOLIS MN 55419	D B OLSON & P D OLSON	RESIDENTIAL-TWO UNIT	$524,700	55 ft
2309 53RD ST W MINNEAPOLIS MN 55410	B L NICHOLS & M M NICHOLS	RESIDENTIAL	$1,132,700	90 ft
5310 PENN AVE S MINNEAPOLIS MN 55419	G M POWELL & E B GOODMAN	RESIDENTIAL	$441,900	112 ft
2300 53RD ST W MINNEAPOLIS MN 55410	LAURA BORCHARDT	RESIDENTIAL	$663,000	113 ft
2311 53RD ST W MINNEAPOLIS MN 55410	DAVID JOHN BANKS	RESIDENTIAL	$534,100	148 ft
2310 53RD ST W MINNEAPOLIS MN 55410	JULIE ELAINE ALLYN	RESIDENTIAL	$799,200	163 ft
5305 PENN AVE S MINNEAPOLIS MN 55419	GARY J & KAY L HEDENLAND	RESIDENTIAL	$543,200	169 ft
5314 PENN AVE S MINNEAPOLIS MN 55419	BETH DENDINGER	RESIDENTIAL	$544,400	173 ft
5250 PENN AVE S MINNEAPOLIS MN 55419	W T PETERSON & V LYNN TRUST	RESIDENTIAL-TWO UNIT	$819,900	181 ft
2314 53RD ST W MINNEAPOLIS MN 55410	T N DAENZER & B A DAENZER	RESIDENTIAL	$941,100	187 ft

Property History

Most Recent Sale

Date201112

Price$275,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$10,518