5612 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824230037

Property Overview

Parcel ID2102824230037

Lot Size7,101 sq ft (0.163 ac)

Lot Dimensions (est.)118 ft wide × 60 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerGRETTA R THORSON

Assessed Value$388,500

Land Value$217,000

Building Value$171,500

Annual Tax$5,995

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $80K total declared value · Most recent: Aug 2023 (remodel)

RemodelAug 2023Closed

$5K

EGRESS WINDOW GUY

RemodelJun 2022Closed

$32K

241 Construction

ResJun 2022Closed

Visionary Plumbing LLC

MiscMay 2021Closed

$13K

TOPSIDE INC

ResFeb 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 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

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 width50 ft

Buildable depth78 ft

Area~3,915 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 3,915 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5606 OLIVER AVE S MINNEAPOLIS MN 55419	M MCKEEHAN/E CARLSON	RESIDENTIAL	$446,200	56 ft
5618 OLIVER AVE S MINNEAPOLIS MN 55419	LEROY A PIERZINA ETAL	RESIDENTIAL	$423,800	61 ft
2215 56TH ST W MINNEAPOLIS MN 55419	C REGAN & M BLOOMQUIST	RESIDENTIAL	$420,200	114 ft
5624 OLIVER AVE S MINNEAPOLIS MN 55419	C A MUNSON & M E MUNSON	RESIDENTIAL	$436,400	120 ft
5615 PENN AVE S MINNEAPOLIS MN 55419	ZANZIBAR FINANCING INC	RESIDENTIAL-TWO UNIT	$875,500	133 ft
5619 PENN AVE S MINNEAPOLIS MN 55419	KGCRENTAL LLC	RESIDENTIAL-TWO UNIT	$527,900	152 ft
5605 PENN AVE S MINNEAPOLIS MN 55419	J S TSCHOHL/P J TSCHOHL	RESIDENTIAL-TWO UNIT	$415,900	155 ft
5630 OLIVER AVE S MINNEAPOLIS MN 55419	D N SILTBERG/M A SILTBERGTR	RESIDENTIAL	$491,500	180 ft
5625 PENN AVE S MINNEAPOLIS MN 55419	KIRK L BRINCKS	RESIDENTIAL-TWO UNIT	$429,100	185 ft
5613 OLIVER AVE S MINNEAPOLIS MN 55419	STEPHEN STARK & ANNA E STARK	RESIDENTIAL	$474,800	186 ft

Property History

Most Recent Sale

Date200505

Price$269,900

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$5,995