5960 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824320101

Property Overview

Parcel ID2102824320101

Lot Size6,327 sq ft (0.145 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerM L REGULUS REV TRUST

Assessed Value$364,000

Land Value$178,000

Building Value$186,000

Annual Tax$5,772

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $13K total declared value · Most recent: Sep 2025 (existres)

ExistresSep 2025Closed

Admiral Radon & Mechanical Services LLC

RemodelOct 2024Closed

$9K

ALL ENERGY SOLAR INC

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscMar 2022Closed

$5K

MN MX CONSTRUCTION

ResMar 2019Closed

MN Plumbing & Home Services 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

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 width40 ft

Buildable depth87 ft

Area~3,460 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 3,460 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
5956 OLIVER AVE S MINNEAPOLIS MN 55419	JAMES O HOIUM	RESIDENTIAL	$320,000	50 ft
5964 OLIVER AVE S MINNEAPOLIS MN 55419	A L TAYLOR & R MARIE TAYLOR	RESIDENTIAL	$478,200	50 ft
5952 OLIVER AVE S MINNEAPOLIS MN 55419	LARAN E BRANDT	RESIDENTIAL	$483,100	100 ft
5965 PENN AVE S MINNEAPOLIS MN 55419	PAM CASH	COMMERCIAL-PREFERRED	$731,000	143 ft
5957 PENN AVE S MINNEAPOLIS MN 55419	59TH PENN LLC	COMMERCIAL-PREFERRED	$508,000	147 ft
5948 OLIVER AVE S MINNEAPOLIS MN 55419	M MARTINEZ & LUIS R MARTINEZ	RESIDENTIAL	$461,300	150 ft
5953 PENN AVE S MINNEAPOLIS MN 55419	BBS FAMILY LLC	RESIDENTIAL-TWO UNIT	$475,800	170 ft
2124 60TH ST W MINNEAPOLIS MN 55419	BETH L REED ET AL SUBJ/L E	RESIDENTIAL	$464,000	182 ft
6000 OLIVER AVE S MINNEAPOLIS MN 55419	SHERRY L SHEAHAN	RESIDENTIAL	$441,500	185 ft
5944 OLIVER AVE S MINNEAPOLIS MN 55419	J C BEWLEY/KRISTEN M BEWLEY	RESIDENTIAL	$648,200	202 ft

Property History

Most Recent Sale

Date201001

Price$163,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,772