1818 OLIVER AVE S MINNEAPOLIS MN 55405

PID: 2802924330004

Property Overview

Parcel ID2802924330004

Lot Size7,777 sq ft (0.179 ac)

Lot Dimensions (est.)154 ft wide × 50 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerDOUGLAS P YOUNG

Assessed Value$1,017,200

Land Value$441,000

Building Value$576,200

Annual Tax$19,242

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $18K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

SEDGWICK HEATING & AIR CONDITIONING

MiscOct 2023Closed

$18K

ERICK KALLERUP CONSTRUCTION

ExistresAug 2019Closed

SEDGWICK HEATING & AIR CONDITIONING

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Kenwood · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

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 width67 ft

Buildable depth61 ft

Area~4,601 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 4,601 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
1824 OLIVER AVE S MINNEAPOLIS MN 55405	G HOLM & M-L BLAIS-HOLM	RESIDENTIAL	$913,700	59 ft
1814 OLIVER AVE S MINNEAPOLIS MN 55405	ELLEN DAYTON GRACE	RESIDENTIAL	$1,629,500	72 ft
1902 OLIVER AVE S MINNEAPOLIS MN 55405	LISA KANE	RESIDENTIAL	$666,300	128 ft
1804 OLIVER AVE S MINNEAPOLIS MN 55405	OLIVER AVENUE LLC	RESIDENTIAL	$1,623,500	158 ft
1935 PENN AVE S MINNEAPOLIS MN 55405	ASHISH MISHRA/KRISTIN MISHRA	RESIDENTIAL	$1,371,900	170 ft
1925 PENN AVE S MINNEAPOLIS MN 55405	R EVERETT & LAURIE EVERETT	RESIDENTIAL	$2,038,000	181 ft
1941 PENN AVE S MINNEAPOLIS MN 55405	MARSHA L LARSON REV TRUST	RESIDENTIAL	$1,207,000	195 ft
1917 PENN AVE S MINNEAPOLIS MN 55405	MARY JEAN MCGREGOR TRUSTEE	RESIDENTIAL	$629,600	227 ft
1800 OLIVER AVE S MINNEAPOLIS MN 55405	ROBERT W BRAS/JULIE MATONICH	RESIDENTIAL	$1,931,800	253 ft
1913 PENN AVE S MINNEAPOLIS MN 55405	R P CHRISTENSEN ET AL TRS	RESIDENTIAL	$527,000	263 ft

Property History

Most Recent Sale

Date199902

Price$475,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$19,242