417 PENN AVE S MINNEAPOLIS MN 55405

PID: 2802924230059

Property Overview

Parcel ID2802924230059

Lot Size8,339 sq ft (0.191 ac)

Lot Dimensions (est.)115 ft wide × 73 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerSHAWN T THORUD

Assessed Value$445,700

Land Value$169,000

Building Value$276,700

Annual Tax$6,779

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $18K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2022Closed

$18K

Wild Construction Co LLC

ExistresAug 2020Closed

INTEGRITY HEATING AND AIR CONDITIONING LLC

ResOct 2019Closed

Vito Mechanical 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 width65 ft

Buildable depth71 ft

Area~2,435 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 2,435 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
411 PENN AVE S MINNEAPOLIS MN 55405	J A L VEGA & L RENIKOFF	RESIDENTIAL	$334,900	56 ft
421 PENN AVE S MINNEAPOLIS MN 55405	DAVID BUSH & MONIQUE BUSH	RESIDENTIAL	$444,300	68 ft
409 PENN AVE S MINNEAPOLIS MN 55405	ALICIA ELER	RESIDENTIAL	$292,000	93 ft
432 OLIVER AVE S MINNEAPOLIS MN 55405	SCOTT DILL & JANETTE DILL	RESIDENTIAL	$638,400	109 ft
425 PENN AVE S MINNEAPOLIS MN 55405	WAYNE F HARMON	RESIDENTIAL	$444,000	126 ft
436 OLIVER AVE S MINNEAPOLIS MN 55405	RYAN A WORLEY & J A WORLEY	RESIDENTIAL	$790,000	130 ft
405 PENN AVE S MINNEAPOLIS MN 55405	NEW CHAPTER ENTERPRISES LLC	COMMERCIAL-PREFERRED	$715,000	137 ft
424 OLIVER AVE S MINNEAPOLIS MN 55405	L P CUTLER & M M CUTLER	RESIDENTIAL	$855,000	145 ft
405 CEDAR LAKE RD S MINNEAPOLIS MN 55405	VICTOR YALOM TRUSTEE ET AL	LAND-COMMERCIAL	$400	162 ft
420 PENN AVE S MINNEAPOLIS MN 55405	DANIEL PATRICK HAWBLITZEL	RESIDENTIAL	$566,000	176 ft

Property History

Most Recent Sale

Date200005

Price$120,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$6,779