5543 PENN AVE S MINNEAPOLIS MN 55419

PID: 2102824220178

Property Overview

Parcel ID2102824220178

Lot Size9,253 sq ft (0.212 ac)

Lot Dimensions (est.)126 ft wide × 73 ft deep

Year Built1954

Property ClassRESIDENTIAL-TWO UNIT

OwnerSOPHIA ALI

Assessed Value$443,300

Land Value$186,000

Building Value$257,300

Annual Tax$11,005

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $9K total declared value · Most recent: Jun 2024 (res)

ResJun 2024Closed

Bartylla Plumbing and Heating Inc

RemodelOct 2023Closed

$500

Unity Construction INC

MiscJul 2019Closed

$9K

LONGFELLOW CRAFTSMEN 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width111 ft

Buildable depth33 ft

Area~5,025 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 3-story wood frame (5–12 units) benchmarks for 5,025 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5539 PENN AVE S MINNEAPOLIS MN 55419	S J & M C MCLAUGHLIN	RESIDENTIAL-TWO UNIT	$441,000	62 ft
5535 PENN AVE S MINNEAPOLIS MN 55419	WILLIAM J CLEMENTS LIV TRUST	RESIDENTIAL-TWO UNIT	$469,900	119 ft
5601 PENN AVE S MINNEAPOLIS MN 55419	HLPROPERTIES LLC	RESIDENTIAL-TWO UNIT	$451,100	125 ft
2204 56TH ST W MINNEAPOLIS MN 55419	S MISONO & F LIU REV TRUST	RESIDENTIAL-TWO UNIT	$531,500	140 ft
5538 OLIVER AVE S MINNEAPOLIS MN 55419	KATHLEEN M JENSEN	RESIDENTIAL-TWO UNIT	$515,300	147 ft
5532 OLIVER AVE S MINNEAPOLIS MN 55419	JACQUELINE R FENDLER	RESIDENTIAL-TWO UNIT	$524,300	173 ft
5529 PENN AVE S MINNEAPOLIS MN 55419	SCOTT MEYER & RUTH MEYER	RESIDENTIAL-TWO UNIT	$465,600	184 ft
5605 PENN AVE S MINNEAPOLIS MN 55419	J S TSCHOHL/P J TSCHOHL	RESIDENTIAL-TWO UNIT	$415,900	184 ft
2215 56TH ST W MINNEAPOLIS MN 55419	C REGAN & M BLOOMQUIST	RESIDENTIAL	$420,200	187 ft
5544 PENN AVE S MINNEAPOLIS MN 55419	JOAN B BJORKSTRAND TRUST	RESIDENTIAL-TWO UNIT	$391,800	192 ft

Property History

Most Recent Sale

Date202310

Price$710,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,005