5704 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824230043

Property Overview

Parcel ID2102824230043

Lot Size7,768 sq ft (0.178 ac)

Lot Dimensions (est.)117 ft wide × 66 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerLARA G BERGMAN TRUST

Assessed Value$461,400

Land Value$223,000

Building Value$238,400

Annual Tax$7,240

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $250K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

Summit Mechanical LLC

ResNov 2020Closed

FIRESIDE HEARTH AND HOME

ResOct 2020Closed

Creative Heating and Air Conditioning LLC

ExistresOct 2020Closed

Creative Heating and Air Conditioning LLC

ResOct 2020Closed

Accurate Plumbing 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width70 ft

Buildable depth57 ft

Area~4,318 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 4,318 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5708 OLIVER AVE S MINNEAPOLIS MN 55419	WADE R ELLARS	RESIDENTIAL	$343,200	64 ft
5701 PENN AVE S MINNEAPOLIS MN 55419	JOHN M HOFSTEDE	RESIDENTIAL	$380,400	70 ft
5711 PENN AVE S MINNEAPOLIS MN 55419	D R & F Y SUNDSETH	RESIDENTIAL	$322,300	111 ft
5712 OLIVER AVE S MINNEAPOLIS MN 55419	CORTNEY MURNANE	RESIDENTIAL	$351,300	125 ft
2216 57TH ST W MINNEAPOLIS MN 55419	N T KRAMER & J KRAMER	RESIDENTIAL	$379,600	177 ft
5716 OLIVER AVE S MINNEAPOLIS MN 55419	K J LYNN & R SCHOESSLER-LYNN	RESIDENTIAL	$491,300	180 ft
5656 OLIVER AVE S MINNEAPOLIS MN 55419	R & L ROY	RESIDENTIAL	$347,600	185 ft
5715 PENN AVE S MINNEAPOLIS MN 55419	MEGAN LYNN SKELTON	RESIDENTIAL	$380,800	185 ft
5701 OLIVER AVE S MINNEAPOLIS MN 55419	M FARNER & T HUSEBY	RESIDENTIAL	$1,190,100	205 ft
5649 PENN AVE S MINNEAPOLIS MN 55419	CHRISTINE L BLUMENFELD ET AL	RESIDENTIAL	$426,500	236 ft

Property History

Most Recent Sale

Date201405

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,240