228 PENN AVE S MINNEAPOLIS MN 55405

PID: 2902924110056

Property Overview

Parcel ID2902924110056

Lot Size5,157 sq ft (0.118 ac)

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

Year Built1905

Property ClassRESIDENTIAL

OwnerLAUREN HAAHR

Assessed Value$386,600

Land Value$167,000

Building Value$219,600

Annual Tax$5,958

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2016 · $10K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscMar 2024Closed

$7K

ASHTON MCGEE RESTORATION GROUP LLC

ExistresJun 2022Closed

Standard Heating and Air Conditioning Inc

MiscDec 2016Closed

$2K

Minnesota Rusco 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 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
224 PENN AVE S MINNEAPOLIS MN 55405	D L POSL/C L POSL REV LIV TR	RESIDENTIAL-TWO UNIT	$526,200	40 ft
232 PENN AVE S MINNEAPOLIS MN 55405	W TESSMAN & J L DOCKEN	RESIDENTIAL	$625,000	40 ft
220 PENN AVE S MINNEAPOLIS MN 55405	WILLEM TIELEMAN	RESIDENTIAL-TWO UNIT	$531,600	80 ft
216 PENN AVE S MINNEAPOLIS MN 55405	M KRENZ & L MADER-KRENZ	RESIDENTIAL	$416,300	120 ft
248 PENN AVE S MINNEAPOLIS MN 55405	NORTHWESTERN BELL TEL CO	COMMERCIAL-PREFERRED	$1,632,000	138 ft
229 QUEEN AVE S MINNEAPOLIS MN 55405	LINDA K GOFF-BLANCHARD ET AL	RESIDENTIAL	$387,400	141 ft
233 QUEEN AVE S MINNEAPOLIS MN 55405	KATHERINE V PEMBLE ETAL	RESIDENTIAL	$276,600	147 ft
225 QUEEN AVE S MINNEAPOLIS MN 55405	JULIE A SABO	RESIDENTIAL	$488,800	147 ft
212 PENN AVE S MINNEAPOLIS MN 55405	GRIZZLY MANAGEMENT LLC	RESIDENTIAL	$427,200	159 ft
237 QUEEN AVE S MINNEAPOLIS MN 55405	DION N BLANCHARD ET AL	RESIDENTIAL	$570,000	162 ft

Property History

Most Recent Sale

Date202104

Price$386,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,958