621 PENN AVE S MINNEAPOLIS MN 55405

PID: 2802924230094

Property Overview

Parcel ID2802924230094

Lot Size8,364 sq ft (0.192 ac)

Lot Dimensions (est.)135 ft wide × 62 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerKRISTIAN POTTER

Assessed Value$451,000

Land Value$208,000

Building Value$243,000

Annual Tax$6,867

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $34K total declared value · Most recent: Mar 2026 (existres)

ExistresMar 2026Closed

Standard Heating and Air Conditioning Inc

MiscJul 2022Closed

$9K

PATES INC

ExistresSep 2018Closed

Hinding Heating Air and Elec Inc

ResAug 2018Closed

Fineline Mechanical Services Inc

RemodelAug 2018Closed

$9K

M S RELOCATION SERVICES 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 width52 ft

Buildable depth95 ft

Area~4,934 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 4,934 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
617 PENN AVE S MINNEAPOLIS MN 55405	MEGAN X TAM	RESIDENTIAL	$342,000	54 ft
625 PENN AVE S MINNEAPOLIS MN 55405	LUHA VENTURES LLC	RESIDENTIAL-TWO UNIT	$447,700	57 ft
629 PENN AVE S MINNEAPOLIS MN 55405	K JACKSON & B STAPLETON	VACANT LAND-RESIDENTIAL	$1,000	91 ft
615 PENN AVE S MINNEAPOLIS MN 55405	MAURICE E SCROGGINS TRUST	RESIDENTIAL	$372,000	98 ft
609 PENN AVE S MINNEAPOLIS MN 55405	MATTHEW LOVEN	RESIDENTIAL	$461,000	145 ft
620 OLIVER AVE S MINNEAPOLIS MN 55405	SALLY ROUSSE	RESIDENTIAL	$599,800	157 ft
616 OLIVER AVE S MINNEAPOLIS MN 55405	LOWERTOWN HIST FUND CO LLC	RESIDENTIAL	$578,900	163 ft
624 OLIVER AVE S MINNEAPOLIS MN 55405	EDENBAY INVESTMENTS LLC	RESIDENTIAL	$470,300	166 ft
612 OLIVER AVE S MINNEAPOLIS MN 55405	HULET E DEAN & WIFE	RESIDENTIAL	$621,400	182 ft
628 OLIVER AVE S MINNEAPOLIS MN 55405	K JACKSON & B STAPLETON	RESIDENTIAL	$456,600	188 ft

Property History

Most Recent Sale

Date202502

Price$447,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,867