5524 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824220174

Property Overview

Parcel ID2102824220174

Lot Size5,428 sq ft (0.125 ac)

Lot Dimensions (est.)126 ft wide × 43 ft deep

Year Built1958

Property ClassLOW INCOME RENTAL

OwnerA C VIVIANO & J D THOMPSON

Assessed Value$452,300

Land Value$192,000

Building Value$260,300

Annual Tax$1,744

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $13K total declared value · Most recent: Apr 2022 (misc)

MiscApr 2022Closed

$13K

TOPSIDE INC

ResJun 2020Closed

CenterPoint Energy Resource Corp

ResJun 2020Closed

CenterPoint Energy Resource Corp

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 width33 ft

Buildable depth86 ft

Area~2,845 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 2,845 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5530 OLIVER AVE S MINNEAPOLIS MN 55419	STEVEN A KALDERON	RESIDENTIAL-TWO UNIT	$487,500	54 ft
5518 OLIVER AVE S MINNEAPOLIS MN 55419	HEATHER BALENGER ET AL	RESIDENTIAL-TWO UNIT	$578,000	63 ft
5532 OLIVER AVE S MINNEAPOLIS MN 55419	JACQUELINE R FENDLER	RESIDENTIAL-TWO UNIT	$524,300	113 ft
5512 OLIVER AVE S MINNEAPOLIS MN 55419	M C SARGEANT-BUCK/S S BUCK	RESIDENTIAL-TWO UNIT	$520,800	135 ft
5529 PENN AVE S MINNEAPOLIS MN 55419	SCOTT MEYER & RUTH MEYER	RESIDENTIAL-TWO UNIT	$465,600	143 ft
5525 PENN AVE S MINNEAPOLIS MN 55419	CAPGROW HLDGS JV SUB VI LLC	RESIDENTIAL-TWO UNIT	$516,000	144 ft
5538 OLIVER AVE S MINNEAPOLIS MN 55419	KATHLEEN M JENSEN	RESIDENTIAL-TWO UNIT	$515,300	169 ft
5535 PENN AVE S MINNEAPOLIS MN 55419	WILLIAM J CLEMENTS LIV TRUST	RESIDENTIAL-TWO UNIT	$469,900	170 ft
5519 PENN AVE S MINNEAPOLIS MN 55419	HANAM PHAM	RESIDENTIAL-TWO UNIT	$493,300	171 ft
5525 OLIVER AVE S MINNEAPOLIS MN 55419	B RESNIK & H MARDEN-RESNIK	RESIDENTIAL-TWO UNIT	$483,200	187 ft

Property History

Most Recent Sale

Date200908

Price$219,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,744