5615 PENN AVE S MINNEAPOLIS MN 55419

PID: 2102824230036

Property Overview

Parcel ID2102824230036

Lot Size8,897 sq ft (0.204 ac)

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

Year Built1928

Property ClassRESIDENTIAL-TWO UNIT

OwnerZANZIBAR FINANCING INC

Assessed Value$875,500

Land Value$187,000

Building Value$688,500

Annual Tax$16,562

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2023 · $402K total declared value · Most recent: Apr 2024 (addition)

AdditionApr 2024Closed

$2K

Sabar Abdulrahman

ExistresOct 2023Closed

Heating and Cooling Design Inc

ResSep 2023Closed

M and S Plumbing Inc

NewJul 2023Final Inspection

$400K

Sabar Abdulraham Sabar Abdulraham

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$535K+0.3% YoY

Median price / sqft$293/sqft

Median days to close12 days

Active listings39

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~5,412 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 5,412 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
5619 PENN AVE S MINNEAPOLIS MN 55419	KGCRENTAL LLC	RESIDENTIAL-TWO UNIT	$527,900	60 ft
5605 PENN AVE S MINNEAPOLIS MN 55419	J S TSCHOHL/P J TSCHOHL	RESIDENTIAL-TWO UNIT	$415,900	61 ft
5601 PENN AVE S MINNEAPOLIS MN 55419	HLPROPERTIES LLC	RESIDENTIAL-TWO UNIT	$451,100	119 ft
5625 PENN AVE S MINNEAPOLIS MN 55419	KIRK L BRINCKS	RESIDENTIAL-TWO UNIT	$429,100	120 ft
5612 OLIVER AVE S MINNEAPOLIS MN 55419	GRETTA R THORSON	RESIDENTIAL	$388,500	133 ft
5606 OLIVER AVE S MINNEAPOLIS MN 55419	M MCKEEHAN/E CARLSON	RESIDENTIAL	$446,200	134 ft
5618 OLIVER AVE S MINNEAPOLIS MN 55419	LEROY A PIERZINA ETAL	RESIDENTIAL	$423,800	139 ft
2215 56TH ST W MINNEAPOLIS MN 55419	C REGAN & M BLOOMQUIST	RESIDENTIAL	$420,200	167 ft
5624 OLIVER AVE S MINNEAPOLIS MN 55419	C A MUNSON & M E MUNSON	RESIDENTIAL	$436,400	174 ft
5633 PENN AVE S MINNEAPOLIS MN 55419	KIRK L BRINCKS TRUST	RESIDENTIAL-TWO UNIT	$457,700	180 ft

Property History

Most Recent Sale

Date202407

Price$907,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$16,562