5420 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824220078

Property Overview

Parcel ID2102824220078

Lot Size6,308 sq ft (0.145 ac)

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

Year Built1947

Property ClassRESIDENTIAL

OwnerDAVID GRANDE

Assessed Value$498,900

Land Value$203,000

Building Value$295,900

Annual Tax$7,671

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $4K total declared value · Most recent: Nov 2025 (misc)

MiscNov 2025Closed

$2K

THE HOME DEPOT

ResJun 2020Closed

CenterPoint Energy Resource Corp

MiscAug 2019Closed

$1K

SNAP CONSTRUCTION INC

ExistresMar 2019Closed

Blue Ox Heating and Air LLC

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 width40 ft

Buildable depth86 ft

Area~3,445 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 3,445 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
5416 OLIVER AVE S MINNEAPOLIS MN 55419	NANCY SCHRAAD	RESIDENTIAL	$398,000	50 ft
5424 OLIVER AVE S MINNEAPOLIS MN 55419	B A LARISON/MEGAN D LARISON	RESIDENTIAL	$410,100	50 ft
5412 OLIVER AVE S MINNEAPOLIS MN 55419	J S GERNDT & D W OTOPALIK	RESIDENTIAL	$451,900	100 ft
5428 OLIVER AVE S MINNEAPOLIS MN 55419	F C MARVER & L H BAILEY	RESIDENTIAL	$515,900	100 ft
5421 PENN AVE S MINNEAPOLIS MN 55419	M S & D S PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$401,500	140 ft
5425 PENN AVE S MINNEAPOLIS MN 55419	MS & DS PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$399,800	149 ft
5408 OLIVER AVE S MINNEAPOLIS MN 55419	MARY F MORIARTY	RESIDENTIAL	$490,700	150 ft
5432 OLIVER AVE S MINNEAPOLIS MN 55419	CHRISTINA GUNDERSON	RESIDENTIAL	$407,100	150 ft
5429 PENN AVE S MINNEAPOLIS MN 55419	SHEILA M ODOUGHERTY	RESIDENTIAL-TWO UNIT	$355,700	172 ft
5421 OLIVER AVE S MINNEAPOLIS MN 55419	JOHN CHARLES HAUGEN	RESIDENTIAL	$411,600	186 ft

Property History

Most Recent Sale

Date201709

Price$429,580

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,671