1902 OLIVER AVE S MINNEAPOLIS MN 55405

PID: 2802924330006

Property Overview

Parcel ID2802924330006

Lot Size8,465 sq ft (0.194 ac)

Lot Dimensions (est.)122 ft wide × 69 ft deep

Year Built1958

Property ClassRESIDENTIAL

OwnerLISA KANE

Assessed Value$666,300

Land Value$434,000

Building Value$232,300

Annual Tax$10,857

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $99K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$6K

EXCEL EXTERIORS INC

ResJan 2022Closed

Precision Plumbing and Heating Inc

RemodelDec 2021Closed

$85K

Lisa Kane

ResNov 2021Closed

Alexander Plumbing LLC

ResOct 2021Closed

Water Heaters Now Inc

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 width100 ft

Buildable depth37 ft

Area~4,772 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 4,772 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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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	71 ft
1941 PENN AVE S MINNEAPOLIS MN 55405	MARSHA L LARSON REV TRUST	RESIDENTIAL	$1,207,000	83 ft
1935 PENN AVE S MINNEAPOLIS MN 55405	ASHISH MISHRA/KRISTIN MISHRA	RESIDENTIAL	$1,371,900	124 ft
1818 OLIVER AVE S MINNEAPOLIS MN 55405	DOUGLAS P YOUNG	RESIDENTIAL-TWO UNIT	$1,017,200	128 ft
1814 OLIVER AVE S MINNEAPOLIS MN 55405	ELLEN DAYTON GRACE	RESIDENTIAL	$1,629,500	192 ft
1925 PENN AVE S MINNEAPOLIS MN 55405	R EVERETT & LAURIE EVERETT	RESIDENTIAL	$2,038,000	206 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	MPLS PUBLIC SCHOOL DIST #1	LAND-COMMERCIAL	$0	246 ft
1958 PENN AVE S MINNEAPOLIS MN 55405	LAURA FEGLEY	RESIDENTIAL	$817,000	248 ft
1952 PENN AVE S MINNEAPOLIS MN 55405	A FERREYRA & K CORNELISON	RESIDENTIAL	$1,254,000	259 ft
1962 PENN AVE S MINNEAPOLIS MN 55405	DEBORAH J THOMSON	TRIPLEX	$603,900	276 ft

Property History

Most Recent Sale

Date200308

Price$495,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,857