1201 PENN AVE N MINNEAPOLIS MN 55411

PID: 2002924110009

Property Overview

Parcel ID2002924110009

Lot Size8,151 sq ft (0.187 ac)

Lot Dimensions (est.)127 ft wide × 64 ft deep

Year Built1960

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHARLENE M GRAMS

Assessed Value$244,600

Land Value$25,000

Building Value$219,600

Annual Tax$3,443

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · $16K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$16K

Ameripro Roofing of Minnesota

ExistresNov 2019Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,203/mo

Renter-occupied33.4%

Median home value$254K

Vacancy rate1.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 32

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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 width112 ft

Buildable depth24 ft

Area~4,258 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 4,258 sqft buildable area.

Est. units

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1209 PENN AVE N MINNEAPOLIS MN 55411	CHRISTENA CLEVELAND	RESIDENTIAL-TWO UNIT	$414,600	65 ft
1215 PENN AVE N MINNEAPOLIS MN 55411	MARQUITA B JACKSON	RESIDENTIAL-TWO UNIT	$408,700	128 ft
1210 QUEEN AVE N MINNEAPOLIS MN 55411	KENNEDY S AGYENKWAH	RESIDENTIAL	$259,000	145 ft
1200 QUEEN AVE N MINNEAPOLIS MN 55411	DEXTER A CLARKE ET AL	RESIDENTIAL	$234,000	147 ft
1214 QUEEN AVE N MINNEAPOLIS MN 55411	NEVAIDA T RAY	RESIDENTIAL	$351,500	175 ft
1221 PENN AVE N MINNEAPOLIS MN 55411	VAHID RABOODAN	RESIDENTIAL-TWO UNIT	$402,500	193 ft
1200 PENN AVE N MINNEAPOLIS MN 55411	SPECIAL SCH DIST 1	LAND-COMMERCIAL	$0	196 ft
1218 QUEEN AVE N MINNEAPOLIS MN 55411	CAMILLE METTY	RESIDENTIAL	$311,800	217 ft
1214 PENN AVE N MINNEAPOLIS MN 55411	DEXTER A CLARKE	RESIDENTIAL	$178,000	223 ft
1218 PENN AVE N MINNEAPOLIS MN 55411	JAIME FLORES SANCHEZ	RESIDENTIAL-TWO UNIT	$264,700	245 ft

Property History

Most Recent Sale

Date200012

Price$24,050

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,443