5645 PENN AVE S MINNEAPOLIS MN 55419

PID: 2102824230027

Property Overview

Parcel ID2102824230027

Lot Size8,897 sq ft (0.204 ac)

Lot Dimensions (est.)148 ft wide × 60 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerA J PIVEC & M L PIVEC

Assessed Value$332,000

Land Value$187,000

Building Value$145,000

Annual Tax$5,293

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $23K total declared value · Most recent: Sep 2022 (misc)

MiscSep 2022Closed

$7K

RENEWAL BY ANDERSEN CORP

RemodelSep 2020Closed

$4K

KUECHLE CONSTRUCTION CO

ResSep 2020Closed

Easco Plumbing and Heating Inc

MiscApr 2019Closed

$12K

KAT CONSTRUCTION LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Armatage · Minneapolis

Median reported rent2,052/mo

Renter-occupied15.4%

Median home value$393K

Vacancy rate2.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 120.01

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 width50 ft

Buildable depth108 ft

Area~5,413 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 5,413 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5649 PENN AVE S MINNEAPOLIS MN 55419	CHRISTINE L BLUMENFELD ET AL	RESIDENTIAL	$426,500	55 ft
5637 PENN AVE S MINNEAPOLIS MN 55419	SCB1 PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$368,800	61 ft
2216 57TH ST W MINNEAPOLIS MN 55419	N T KRAMER & J KRAMER	RESIDENTIAL	$379,600	115 ft
5633 PENN AVE S MINNEAPOLIS MN 55419	KIRK L BRINCKS TRUST	RESIDENTIAL-TWO UNIT	$457,700	121 ft
5642 OLIVER AVE S MINNEAPOLIS MN 55419	A GRANT & A HALEY-GRANT	RESIDENTIAL	$373,100	125 ft
5648 OLIVER AVE S MINNEAPOLIS MN 55419	B S DORER & KARI L DORER	RESIDENTIAL	$496,000	129 ft
5636 OLIVER AVE S MINNEAPOLIS MN 55419	R B STUDT & S A STUDT	RESIDENTIAL	$334,900	137 ft
5656 OLIVER AVE S MINNEAPOLIS MN 55419	R & L ROY	RESIDENTIAL	$347,600	164 ft
5630 OLIVER AVE S MINNEAPOLIS MN 55419	D N SILTBERG/M A SILTBERGTR	RESIDENTIAL	$491,500	173 ft
5625 PENN AVE S MINNEAPOLIS MN 55419	KIRK L BRINCKS	RESIDENTIAL-TWO UNIT	$429,100	180 ft

Property History

Most Recent Sale

Date199205

Price$90,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,293