5601 PENN AVE S MINNEAPOLIS MN 55419

PID: 2102824230041

Property Overview

Parcel ID2102824230041

Lot Size7,274 sq ft (0.167 ac)

Lot Dimensions (est.)128 ft wide × 57 ft deep

Year Built1948

Property ClassRESIDENTIAL-TWO UNIT

OwnerHLPROPERTIES LLC

Assessed Value$451,100

Land Value$174,000

Building Value$277,100

Annual Tax$8,937

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2021 · $209K total declared value · Most recent: Mar 2022 (remodel)

RemodelMar 2022Closed

$3K

STANDARD WATER CONTROL SYSTEMS INC

ExistresFeb 2022Closed

Total Air Inc

RemodelFeb 2022Closed

$6K

MN Home Restoration

ResJan 2022Closed

Plumbing West Inc

ResDec 2021Closed

Plumbing West Inc

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

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 width113 ft

Buildable depth17 ft

Area~3,680 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 3,680 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5605 PENN AVE S MINNEAPOLIS MN 55419	J S TSCHOHL/P J TSCHOHL	RESIDENTIAL-TWO UNIT	$415,900	58 ft
5615 PENN AVE S MINNEAPOLIS MN 55419	ZANZIBAR FINANCING INC	RESIDENTIAL-TWO UNIT	$875,500	119 ft
5543 PENN AVE S MINNEAPOLIS MN 55419	SOPHIA ALI	RESIDENTIAL-TWO UNIT	$443,300	125 ft
2215 56TH ST W MINNEAPOLIS MN 55419	C REGAN & M BLOOMQUIST	RESIDENTIAL	$420,200	133 ft
5606 OLIVER AVE S MINNEAPOLIS MN 55419	M MCKEEHAN/E CARLSON	RESIDENTIAL	$446,200	148 ft
5619 PENN AVE S MINNEAPOLIS MN 55419	KGCRENTAL LLC	RESIDENTIAL-TWO UNIT	$527,900	178 ft
2204 56TH ST W MINNEAPOLIS MN 55419	S MISONO & F LIU REV TRUST	RESIDENTIAL-TWO UNIT	$531,500	181 ft
5612 OLIVER AVE S MINNEAPOLIS MN 55419	GRETTA R THORSON	RESIDENTIAL	$388,500	186 ft
5539 PENN AVE S MINNEAPOLIS MN 55419	S J & M C MCLAUGHLIN	RESIDENTIAL-TWO UNIT	$441,000	187 ft
5538 OLIVER AVE S MINNEAPOLIS MN 55419	KATHLEEN M JENSEN	RESIDENTIAL-TWO UNIT	$515,300	221 ft

Property History

Most Recent Sale

Date201708

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,937