5901 PENN AVE S MINNEAPOLIS MN 55419

PID: 2102824320036

Property Overview

Parcel ID2102824320036

Lot Size6,683 sq ft (0.153 ac)

Lot Dimensions (est.)126 ft wide × 53 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerCAROL A KORTUS

Assessed Value$356,000

Land Value$144,000

Building Value$212,000

Annual Tax$5,287

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · Most recent: Aug 2024 (res)

ResAug 2024Closed

Warners Stellian Co Inc

ExistresOct 2022Closed

Standard Heating and Air Conditioning Inc

ResMar 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

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 width111 ft

Buildable depth13 ft

Area~3,286 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 3,286 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5905 PENN AVE S MINNEAPOLIS MN 55419	GRETA CALLAHAN	RESIDENTIAL	$364,000	53 ft
5821 PENN AVE S MINNEAPOLIS MN 55419	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$316,000	103 ft
5909 PENN AVE S MINNEAPOLIS MN 55419	DAVID & PATRICIA ZABINSKI TR	RESIDENTIAL	$435,000	106 ft
5900 OLIVER AVE S MINNEAPOLIS MN 55419	WILLIAM J KUROSS	RESIDENTIAL	$309,000	140 ft
5904 OLIVER AVE S MINNEAPOLIS MN 55419	REBECCA L GROVER	RESIDENTIAL	$328,000	150 ft
5817 PENN AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	154 ft
5913 PENN AVE S MINNEAPOLIS MN 55419	B WELSHONS & A WELSHONS	RESIDENTIAL	$536,400	159 ft
5820 OLIVER AVE S MINNEAPOLIS MN 55419	RONALD G CAMPBELL	RESIDENTIAL	$372,000	173 ft
5908 OLIVER AVE S MINNEAPOLIS MN 55419	SPENCER CAIN	RESIDENTIAL	$404,500	176 ft
5809 QUEEN AVE S MINNEAPOLIS MN 55410	D & J WYNIA	RESIDENTIAL	$420,000	194 ft

Property History

Most Recent Sale

Date199907

Price$130,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,287