216 PENN AVE S MINNEAPOLIS MN 55405

PID: 2902924110053

Property Overview

Parcel ID2902924110053

Lot Size5,157 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerM KRENZ & L MADER-KRENZ

Assessed Value$416,300

Land Value$167,000

Building Value$249,300

Annual Tax$6,289

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $32K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscMar 2024Closed

$10K

SELA ROOFING AND REMODELING INC

ExistresNov 2022Closed

BOEHM HEATING

AdditionSep 2022Expired

$2K

CUSTOM CONSTRUCTION SERVICES LLC

AccessoryMay 2021Closed

$19K

Minneapolis Garage Builders, 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$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 width30 ft

Buildable depth89 ft

Area~2,668 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 2,668 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
212 PENN AVE S MINNEAPOLIS MN 55405	GRIZZLY MANAGEMENT LLC	RESIDENTIAL	$427,200	40 ft
220 PENN AVE S MINNEAPOLIS MN 55405	WILLEM TIELEMAN	RESIDENTIAL-TWO UNIT	$531,600	40 ft
208 PENN AVE S MINNEAPOLIS MN 55405	R JENDRO & D ENESS JENDRO	RESIDENTIAL	$356,500	80 ft
224 PENN AVE S MINNEAPOLIS MN 55405	D L POSL/C L POSL REV LIV TR	RESIDENTIAL-TWO UNIT	$526,200	80 ft
204 PENN AVE S MINNEAPOLIS MN 55405	BRIDGET WHELAN	RESIDENTIAL	$449,700	120 ft
228 PENN AVE S MINNEAPOLIS MN 55405	LAUREN HAAHR	RESIDENTIAL	$386,600	120 ft
217 QUEEN AVE S MINNEAPOLIS MN 55405	S P GALVIN & T L GALVIN	RESIDENTIAL	$480,500	141 ft
221 QUEEN AVE S MINNEAPOLIS MN 55405	K GILPATRICK & C THICKINS	RESIDENTIAL	$343,700	147 ft
215 QUEEN AVE S MINNEAPOLIS MN 55405	DOUGLAS K NYSTROM TRUST	RESIDENTIAL	$351,200	147 ft
200 PENN AVE S MINNEAPOLIS MN 55405	GABRIELLA HAIRE	RESIDENTIAL	$369,500	159 ft

Property History

Most Recent Sale

Date199302

Price$86,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,289