5532 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824220002

Property Overview

Parcel ID2102824220002

Lot Size7,128 sq ft (0.164 ac)

Lot Dimensions (est.)129 ft wide × 55 ft deep

Year Built1960

Property ClassRESIDENTIAL-TWO UNIT

OwnerJACQUELINE R FENDLER

Assessed Value$524,300

Land Value$214,000

Building Value$310,300

Annual Tax$8,171

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $35K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$25K

Red Line Contracting

MiscMay 2021Closed

$10K

Minnesota Rusco Inc

ResApr 2017Closed

Blaylock Plumbing Co Inc

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth90 ft

Area~4,025 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 4,025 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5538 OLIVER AVE S MINNEAPOLIS MN 55419	KATHLEEN M JENSEN	RESIDENTIAL-TWO UNIT	$515,300	55 ft
5530 OLIVER AVE S MINNEAPOLIS MN 55419	STEVEN A KALDERON	RESIDENTIAL-TWO UNIT	$487,500	59 ft
2204 56TH ST W MINNEAPOLIS MN 55419	S MISONO & F LIU REV TRUST	RESIDENTIAL-TWO UNIT	$531,500	111 ft
5524 OLIVER AVE S MINNEAPOLIS MN 55419	A C VIVIANO & J D THOMPSON	LOW INCOME RENTAL	$452,300	113 ft
5535 PENN AVE S MINNEAPOLIS MN 55419	WILLIAM J CLEMENTS LIV TRUST	RESIDENTIAL-TWO UNIT	$469,900	140 ft
5539 PENN AVE S MINNEAPOLIS MN 55419	S J & M C MCLAUGHLIN	RESIDENTIAL-TWO UNIT	$441,000	145 ft
5529 PENN AVE S MINNEAPOLIS MN 55419	SCOTT MEYER & RUTH MEYER	RESIDENTIAL-TWO UNIT	$465,600	161 ft
5543 PENN AVE S MINNEAPOLIS MN 55419	SOPHIA ALI	RESIDENTIAL-TWO UNIT	$443,300	173 ft
5518 OLIVER AVE S MINNEAPOLIS MN 55419	HEATHER BALENGER ET AL	RESIDENTIAL-TWO UNIT	$578,000	176 ft
5535 OLIVER AVE S MINNEAPOLIS MN 55419	AMANDA THOMAS ET AL	RESIDENTIAL-TWO UNIT	$507,400	188 ft

Property History

Most Recent Sale

Date201811

Price$460,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,171