209 PENN AVE S MINNEAPOLIS MN 55405

PID: 2802924220084

Property Overview

Parcel ID2802924220084

Lot Size5,083 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerKAREN HOWARD

Assessed Value$508,000

Land Value$157,000

Building Value$351,000

Annual Tax$7,843

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2000 · $130K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

A&E Heating & Air Conditioning LLC

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2023Expired

$17K

Premium Construction Services

ExistresDec 2018Closed

TEAM MECHANICAL INC

ResMay 2018Closed

Linn Star Transfer Inc

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 width30 ft

Buildable depth87 ft

Area~2,612 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 2,612 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
215 PENN AVE S MINNEAPOLIS MN 55405	MICHELE M CRAVENS	RESIDENTIAL	$403,400	40 ft
205 PENN AVE S MINNEAPOLIS MN 55405	N R CHU & P T CASSIDY	RESIDENTIAL	$442,000	40 ft
217 PENN AVE S MINNEAPOLIS MN 55405	MICHAEL KILLEEN	RESIDENTIAL	$492,100	80 ft
201 PENN AVE S MINNEAPOLIS MN 55405	MEGHAN LOWELL	RESIDENTIAL	$456,800	80 ft
221 PENN AVE S MINNEAPOLIS MN 55405	T S JOHNSON & E M HARTMAN	RESIDENTIAL	$344,000	120 ft
208 OLIVER AVE S MINNEAPOLIS MN 55405	MICHAEL FINNESTAD	RESIDENTIAL	$385,500	142 ft
212 OLIVER AVE S MINNEAPOLIS MN 55405	J BURGERS & S GASCOIGNE	RESIDENTIAL	$1,126,000	149 ft
200 OLIVER AVE S MINNEAPOLIS MN 55405	COLLEEN PHOEBE BELMONT	RESIDENTIAL	$437,500	154 ft
225 PENN AVE S MINNEAPOLIS MN 55405	CHRISTOPHER T MATZDORF	RESIDENTIAL	$455,900	171 ft
216 OLIVER AVE S MINNEAPOLIS MN 55405	216 OLIVER AVE LLC	RESIDENTIAL	$321,000	172 ft

Property History

Most Recent Sale

Date201803

Price$375,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,843