5519 PENN AVE S MINNEAPOLIS MN 55419

PID: 2102824220183

Property Overview

Parcel ID2102824220183

Lot Size8,205 sq ft (0.188 ac)

Lot Dimensions (est.)126 ft wide × 65 ft deep

Year Built1959

Property ClassRESIDENTIAL-TWO UNIT

OwnerHANAM PHAM

Assessed Value$493,300

Land Value$178,000

Building Value$315,300

Annual Tax$9,829

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $25K total declared value · Most recent: May 2024 (addition)

AdditionMay 2024Closed

$5K

Pham Hanam

MiscAug 2023Closed

$20K

Viking Contractors LLC

ExistresDec 2020Closed

Genz-Ryan Plumbing and Heating Co

ResMar 2017Closed

CASTLE MECHANICAL 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width55 ft

Buildable depth86 ft

Area~4,740 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 4,740 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5525 PENN AVE S MINNEAPOLIS MN 55419	CAPGROW HLDGS JV SUB VI LLC	RESIDENTIAL-TWO UNIT	$516,000	65 ft
5515 PENN AVE S MINNEAPOLIS MN 55419	HEATHER BALENGER ET AL	RESIDENTIAL-TWO UNIT	$476,200	65 ft
5509 PENN AVE S MINNEAPOLIS MN 55419	KIRK L BRINCKS	RESIDENTIAL-TWO UNIT	$408,300	123 ft
5529 PENN AVE S MINNEAPOLIS MN 55419	SCOTT MEYER & RUTH MEYER	RESIDENTIAL-TWO UNIT	$465,600	130 ft
5518 OLIVER AVE S MINNEAPOLIS MN 55419	HEATHER BALENGER ET AL	RESIDENTIAL-TWO UNIT	$578,000	144 ft
5512 OLIVER AVE S MINNEAPOLIS MN 55419	M C SARGEANT-BUCK/S S BUCK	RESIDENTIAL-TWO UNIT	$520,800	145 ft
5508 OLIVER AVE S MINNEAPOLIS MN 55419	D & D LUNDSTROM	RESIDENTIAL-TWO UNIT	$476,600	170 ft
5524 OLIVER AVE S MINNEAPOLIS MN 55419	A C VIVIANO & J D THOMPSON	LOW INCOME RENTAL	$452,300	171 ft
5507 PENN AVE S MINNEAPOLIS MN 55419	DAVID W ERICKSON TRUST	RESIDENTIAL-TWO UNIT	$449,500	173 ft
5516 PENN AVE S MINNEAPOLIS MN 55419	KIRK L BRINCKS TRUST	RESIDENTIAL-TWO UNIT	$473,800	193 ft

Property History

Most Recent Sale

Date201401

Price$288,600

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,829