421 OLIVER AVE S MINNEAPOLIS MN 55405

PID: 2802924230111

Property Overview

Parcel ID2802924230111

Lot Size11,381 sq ft (0.261 ac)

Lot Dimensions (est.)219 ft wide × 52 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerL M MARASCO REV LIV TR ET AL

Assessed Value$577,900

Land Value$248,000

Building Value$329,900

Annual Tax$9,179

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2024 · $5K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ExistresMay 2024Closed

Standard Heating and Air Conditioning Inc

MiscMar 2024Closed

$5K

Customer First Contractors LLC

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$540K+10.8% YoY

Median price / sqft$268/sqft

Median days to close21 days

Active listings52

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 width40 ft

Buildable depth188 ft

Area~7,641 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 7,641 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
425 OLIVER AVE S MINNEAPOLIS MN 55405	SARAH HERNANDEZ	RESIDENTIAL	$477,300	56 ft
417 OLIVER AVE S MINNEAPOLIS MN 55405	J M JOHNSON & D J PASCHKE	RESIDENTIAL	$436,000	63 ft
429 OLIVER AVE S MINNEAPOLIS MN 55405	E M STREICH & C A STREICH	RESIDENTIAL	$589,500	106 ft
2111 LAUREL AVE W MINNEAPOLIS MN 55405	CURT A HANSEN	RESIDENTIAL	$499,500	151 ft
2109 LAUREL AVE W MINNEAPOLIS MN 55405	TIMOTHY M LEHNER	RESIDENTIAL	$373,000	153 ft
2117 LAUREL AVE W MINNEAPOLIS MN 55405	PAUL J CARR & JULIE F CARR	RESIDENTIAL	$474,400	155 ft
433 OLIVER AVE S MINNEAPOLIS MN 55405	KIMBERLY M CALLAHANREV TR	RESIDENTIAL	$573,400	155 ft
434 NEWTON AVE S MINNEAPOLIS MN 55405	R W HEILI & J S WILEY	RESIDENTIAL	$590,600	165 ft
428 NEWTON AVE S MINNEAPOLIS MN 55405	C T DAVIS & G J MARITA	RESIDENTIAL	$638,000	168 ft
2121 LAUREL AVE W MINNEAPOLIS MN 55405	JACKIE TIELEMAN WARD	RESIDENTIAL	$575,500	170 ft

Property History

Most Recent Sale

Date199605

Price$149,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,179