5536 PENN AVE S MINNEAPOLIS MN 55419

PID: 2002824110179

Property Overview

Parcel ID2002824110179

Lot Size6,314 sq ft (0.145 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1948

Property ClassRESIDENTIAL-TWO UNIT

OwnerPENN AVENUE PROPERTIES LLC

Assessed Value$420,800

Land Value$182,000

Building Value$238,800

Annual Tax$7,960

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2019 · $38K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

Blue Yeti Services LLC

MiscAug 2024Closed

$16K

DS BAHR CONSTRUCTION INC

RemodelDec 2020Closed

$22K

Barry Resnik

ResNov 2020Closed

Norblom Plumbing Co

ResNov 2020Closed

Norblom Plumbing Co

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 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 width40 ft

Buildable depth86 ft

Area~3,450 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 3,450 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
5532 PENN AVE S MINNEAPOLIS MN 55419	5532 PENN AVE LLC	RESIDENTIAL-TWO UNIT	$422,600	50 ft
5540 PENN AVE S MINNEAPOLIS MN 55419	ADAM P WALZ	RESIDENTIAL-TWO UNIT	$437,400	50 ft
5544 PENN AVE S MINNEAPOLIS MN 55419	JOAN B BJORKSTRAND TRUST	RESIDENTIAL-TWO UNIT	$391,800	98 ft
5528 PENN AVE S MINNEAPOLIS MN 55419	ROBERT MARLIN ECKSTROM	RESIDENTIAL-TWO UNIT	$455,500	100 ft
5537 QUEEN AVE S MINNEAPOLIS MN 55410	KEVIN M ROSS REV TRST AGRMT	RESIDENTIAL	$486,800	140 ft
5541 QUEEN AVE S MINNEAPOLIS MN 55410	S R STREETER & K K STREETER	RESIDENTIAL	$558,200	148 ft
5533 QUEEN AVE S MINNEAPOLIS MN 55410	JOAN M THORPE	RESIDENTIAL	$549,000	149 ft
5524 PENN AVE S MINNEAPOLIS MN 55419	NAOMI MARIE ALBRIGHT	RESIDENTIAL-TWO UNIT	$458,500	150 ft
5545 QUEEN AVE S MINNEAPOLIS MN 55410	MARK G OLIVE & NANCY J STEGE	RESIDENTIAL	$427,000	170 ft
5529 QUEEN AVE S MINNEAPOLIS MN 55410	E J HOLMGREN & L V HOLMGREN	RESIDENTIAL	$493,900	173 ft

Property History

Most Recent Sale

Date202008

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,960