5400 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824220073

Property Overview

Parcel ID2102824220073

Lot Size5,906 sq ft (0.136 ac)

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

Year Built1947

Property ClassRESIDENTIAL

OwnerG SANDHOLM & R SANDHOLM

Assessed Value$420,800

Land Value$188,000

Building Value$232,800

Annual Tax$6,672

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $58K total declared value · Most recent: Jul 2024 (existres)

ExistresJul 2024Inspection

Residential Heating and Air Conditioning Inc

RemodelNov 2022Closed

Kelly LaPointe

ResJun 2020Closed

CenterPoint Energy Resource Corp

RemodelApr 2020Closed

$9K

ALL ENERGY SOLAR INC

AccessoryMar 2020Closed

$24K

JACK THE CARPENTER 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

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~2,913 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 2,913 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
5404 OLIVER AVE S MINNEAPOLIS MN 55419	THOMAS J & SHEILA N HELM	RESIDENTIAL	$452,100	48 ft
5408 OLIVER AVE S MINNEAPOLIS MN 55419	MARY F MORIARTY	RESIDENTIAL	$490,700	98 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	2213 W 54TH STREET LLC	COMMERCIAL-PREFERRED	$464,000	104 ft
5350 OLIVER AVE S MINNEAPOLIS MN 55419	C SWEDAL & S ENGEMANN	RESIDENTIAL	$520,000	114 ft
5412 OLIVER AVE S MINNEAPOLIS MN 55419	J S GERNDT & D W OTOPALIK	RESIDENTIAL	$451,900	148 ft
2214 54TH ST W MINNEAPOLIS MN 55419	J Y CHERNER & I S CHERNER	COMMERCIAL-PREFERRED	$346,000	160 ft
5346 OLIVER AVE S MINNEAPOLIS MN 55419	R L NORTON & M J NORTON	RESIDENTIAL	$529,100	162 ft
2213 54TH ST W MINNEAPOLIS MN 55419	2213 W 54TH STREET LLC	COMMERCIAL-PREFERRED	$464,000	177 ft
5401 PENN AVE S MINNEAPOLIS MN 55419	HIR-GUST LLC	COMMERCIAL-PREFERRED	$642,000	177 ft
5403 PENN AVE S MINNEAPOLIS MN 55419	MS & DS PROPERTIES LLC	COMMERCIAL-PREFERRED	$246,000	177 ft

Property History

Most Recent Sale

Date200712

Price$304,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,672