6040 OLIVER AVE S MINNEAPOLIS MN 55419

PID: 2102824330148

Property Overview

Parcel ID2102824330148

Lot Size6,661 sq ft (0.153 ac)

Lot Dimensions (est.)125 ft wide × 53 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerG L CARLSON & B J CARLSON

Assessed Value$430,400

Land Value$182,000

Building Value$248,400

Annual Tax$6,932

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $72K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$53K

RENEWAL BY ANDERSEN CORP

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2021Closed

$16K

JOHNSON EXTERIORS LLC

MiscOct 2021Closed

$3K

JOHNSON EXTERIORS LLC

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 width43 ft

Buildable depth86 ft

Area~3,681 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 3,681 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
6036 OLIVER AVE S MINNEAPOLIS MN 55419	JOSEPH EIDEN & LAURA EIDEN	RESIDENTIAL	$444,000	53 ft
6046 OLIVER AVE S MINNEAPOLIS MN 55419	ELLEN M HANDY ET AL	RESIDENTIAL	$383,000	53 ft
6032 OLIVER AVE S MINNEAPOLIS MN 55419	S D PATTERSON & T S HANDY	RESIDENTIAL	$446,000	106 ft
6041 PENN AVE S MINNEAPOLIS MN 55419	NATHAN R BRUNMEIER	RESIDENTIAL-TWO UNIT	$416,800	139 ft
6037 PENN AVE S MINNEAPOLIS MN 55419	6037/6039 PENN AVE S LLC	RESIDENTIAL-TWO UNIT	$463,300	149 ft
6045 PENN AVE S MINNEAPOLIS MN 55419	OSCAR PROPERTY HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$472,500	149 ft
6026 OLIVER AVE S MINNEAPOLIS MN 55419	RAE E HOESING	RESIDENTIAL	$401,200	159 ft
6100 OLIVER AVE S MINNEAPOLIS MN 55419	ST ANNS RESIDENTIAL SERV INC	RESIDENTIAL	$0	169 ft
6041 OLIVER AVE S MINNEAPOLIS MN 55419	JILL M WROBLEWSKI	RESIDENTIAL	$435,000	174 ft
6037 OLIVER AVE S MINNEAPOLIS MN 55419	C MROZLA-TOSCANO/A TOSCANO	RESIDENTIAL	$431,800	179 ft

Property History

Most Recent Sale

Date198504

Price$79,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,932