201 PENN AVE S MINNEAPOLIS MN 55405

PID: 2802924220086

Property Overview

Parcel ID2802924220086

Lot Size5,083 sq ft (0.117 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerMEGHAN LOWELL

Assessed Value$456,800

Land Value$157,000

Building Value$299,800

Annual Tax$6,965

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresNov 2017Closed

UPTOWN PLUMBING HEATING AND COOLING

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth0 ft

Area~2,351 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,351 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
205 PENN AVE S MINNEAPOLIS MN 55405	N R CHU & P T CASSIDY	RESIDENTIAL	$442,000	40 ft
209 PENN AVE S MINNEAPOLIS MN 55405	KAREN HOWARD	RESIDENTIAL	$508,000	80 ft
57 PENN AVE S MINNEAPOLIS MN 55405	BENNY DOMINGUEZ	RESIDENTIAL	$421,000	110 ft
215 PENN AVE S MINNEAPOLIS MN 55405	MICHELE M CRAVENS	RESIDENTIAL	$403,400	120 ft
200 OLIVER AVE S MINNEAPOLIS MN 55405	COLLEEN PHOEBE BELMONT	RESIDENTIAL	$437,500	144 ft
217 PENN AVE S MINNEAPOLIS MN 55405	MICHAEL KILLEEN	RESIDENTIAL	$492,100	160 ft
208 OLIVER AVE S MINNEAPOLIS MN 55405	MICHAEL FINNESTAD	RESIDENTIAL	$385,500	164 ft
49 PENN AVE S MINNEAPOLIS MN 55405	GAYNA L WIGGNS	RESIDENTIAL	$356,000	170 ft
56 OLIVER AVE S MINNEAPOLIS MN 55405	PATRICIA ANN THAYER	RESIDENTIAL	$450,000	173 ft
200 PENN AVE S MINNEAPOLIS MN 55405	GABRIELLA HAIRE	RESIDENTIAL	$369,500	188 ft

Property History

Most Recent Sale

Date202011

Price$405,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,965