5518 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824220173

Property Overview

Parcel ID2102824220173

Lot Size10,529 sq ft (0.242 ac)

Lot Dimensions (est.)126 ft wide × 83 ft deep

Year Built1960

Property ClassRESIDENTIAL-TWO UNIT

OwnerHEATHER BALENGER ET AL

Assessed Value$578,000

Land Value$249,000

Building Value$329,000

Annual Tax$10,934

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · $3K total declared value · Most recent: Apr 2025 (misc)

MiscApr 2025Final Inspection

$3K

Clear North Windows LLC

ExistresNov 2017Closed

CENTERPOINT ENERGY

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 width73 ft

Buildable depth87 ft

Area~6,327 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 6,327 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5524 OLIVER AVE S MINNEAPOLIS MN 55419	A C VIVIANO & J D THOMPSON	LOW INCOME RENTAL	$452,300	63 ft
5512 OLIVER AVE S MINNEAPOLIS MN 55419	M C SARGEANT-BUCK/S S BUCK	RESIDENTIAL-TWO UNIT	$520,800	72 ft
5530 OLIVER AVE S MINNEAPOLIS MN 55419	STEVEN A KALDERON	RESIDENTIAL-TWO UNIT	$487,500	117 ft
5508 OLIVER AVE S MINNEAPOLIS MN 55419	D & D LUNDSTROM	RESIDENTIAL-TWO UNIT	$476,600	132 ft
5525 PENN AVE S MINNEAPOLIS MN 55419	CAPGROW HLDGS JV SUB VI LLC	RESIDENTIAL-TWO UNIT	$516,000	143 ft
5519 PENN AVE S MINNEAPOLIS MN 55419	HANAM PHAM	RESIDENTIAL-TWO UNIT	$493,300	144 ft
5529 PENN AVE S MINNEAPOLIS MN 55419	SCOTT MEYER & RUTH MEYER	RESIDENTIAL-TWO UNIT	$465,600	169 ft
5515 PENN AVE S MINNEAPOLIS MN 55419	HEATHER BALENGER ET AL	RESIDENTIAL-TWO UNIT	$476,200	172 ft
5532 OLIVER AVE S MINNEAPOLIS MN 55419	JACQUELINE R FENDLER	RESIDENTIAL-TWO UNIT	$524,300	176 ft
5521 OLIVER AVE S MINNEAPOLIS MN 55419	M J LAVIN & M W LAVIN	RESIDENTIAL-TWO UNIT	$481,100	187 ft

Property History

Most Recent Sale

Date200808

Price$339,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,934