8 OLIVER AVE S MINNEAPOLIS MN 55405

PID: 2802924220013

Property Overview

Parcel ID2802924220013

Lot Size8,818 sq ft (0.202 ac)

Lot Dimensions (est.)126 ft wide × 70 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerMARK T SMITH

Assessed Value$365,800

Land Value$191,000

Building Value$174,800

Annual Tax$5,448

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2023 · $73K total declared value · Most recent: Apr 2025 (existres)

ExistresApr 2025Closed

Standard Heating and Air Conditioning Inc

ResNov 2024Closed

CenterPoint Energy Resource Corp

RemodelAug 2024Closed

$59K

Flemmings Home Improvement Inc

MiscOct 2023Closed

$14K

Jobe Brothers construction

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width29 ft

Buildable depth186 ft

Area~5,105 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 5,105 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
12 OLIVER AVE S MINNEAPOLIS MN 55405	ROBERT J HARRIS TRUST	RESIDENTIAL	$512,000	58 ft
16 OLIVER AVE S MINNEAPOLIS MN 55405	K SCHNEIDER & O L SCHNEIDER	RESIDENTIAL	$353,000	98 ft
7 PENN AVE S MINNEAPOLIS MN 55405	M A ADAMS & K F COON	RESIDENTIAL-TWO UNIT	$461,800	133 ft
20 OLIVER AVE S MINNEAPOLIS MN 55405	A C KAUFMAN & J A KAUFMAN	RESIDENTIAL	$617,000	137 ft
15 PENN AVE S MINNEAPOLIS MN 55405	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	142 ft
1 PENN AVE S MINNEAPOLIS MN 55405	D BIENEMAN & P HANNAH	RESIDENTIAL	$436,400	157 ft
17 PENN AVE S MINNEAPOLIS MN 55405	JOSHUA L KING	RESIDENTIAL	$365,000	163 ft
2126 CHESTNUT AVE W MINNEAPOLIS MN 55405	SOO LINE RAILROAD CO	RAILROAD	$18,300	167 ft
24 OLIVER AVE S MINNEAPOLIS MN 55405	M J JEATRAN & M J MCCLURE	RESIDENTIAL	$408,400	178 ft
21 PENN AVE S MINNEAPOLIS MN 55405	V L ZACHARY & K J JOHNSON	RESIDENTIAL	$362,000	190 ft

Property History

Most Recent Sale

Date199506

Price$90,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,448