5545 QUEEN AVE S MINNEAPOLIS MN 55410

PID: 2002824110033

Property Overview

Parcel ID2002824110033

Lot Size5,933 sq ft (0.136 ac)

Lot Dimensions (est.)126 ft wide × 47 ft deep

Year Built1952

Property ClassRESIDENTIAL

OwnerMARK G OLIVE & NANCY J STEGE

Assessed Value$427,000

Land Value$229,000

Building Value$198,000

Annual Tax$6,472

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $9K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$3K

YOUR HOME IMPROVEMENT CO

RemodelMay 2021Closed

$5K

EGRESS WINDOW GUY

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Armatage · 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 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 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.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth7 ft

Area~2,932 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 2,932 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5541 QUEEN AVE S MINNEAPOLIS MN 55410	S R STREETER & K K STREETER	RESIDENTIAL	$558,200	49 ft
5537 QUEEN AVE S MINNEAPOLIS MN 55410	KEVIN M ROSS REV TRST AGRMT	RESIDENTIAL	$486,800	98 ft
5544 PENN AVE S MINNEAPOLIS MN 55419	JOAN B BJORKSTRAND TRUST	RESIDENTIAL-TWO UNIT	$391,800	140 ft
5540 PENN AVE S MINNEAPOLIS MN 55419	ADAM P WALZ	RESIDENTIAL-TWO UNIT	$437,400	148 ft
5533 QUEEN AVE S MINNEAPOLIS MN 55410	JOAN M THORPE	RESIDENTIAL	$549,000	149 ft
5536 PENN AVE S MINNEAPOLIS MN 55419	PENN AVENUE PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$420,800	170 ft
5560 QUEEN AVE S MINNEAPOLIS MN 55410	STEPHEN L MAY	RESIDENTIAL	$497,600	186 ft
5556 QUEEN AVE S MINNEAPOLIS MN 55410	BRITT MARIE ORASKOVICH ET AL	RESIDENTIAL	$504,100	194 ft
5529 QUEEN AVE S MINNEAPOLIS MN 55410	E J HOLMGREN & L V HOLMGREN	RESIDENTIAL	$493,900	199 ft
5532 PENN AVE S MINNEAPOLIS MN 55419	5532 PENN AVE LLC	RESIDENTIAL-TWO UNIT	$422,600	203 ft

Property History

Most Recent Sale

Date201606

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,472