4 PENN AVE S MINNEAPOLIS MN 55405

PID: 2902924110166

Property Overview

Parcel ID2902924110166

Lot Size5,184 sq ft (0.119 ac)

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

Year Built1953

Property ClassRESIDENTIAL

OwnerJEAN SUSAN PERZEL

Assessed Value$320,000

Land Value$142,000

Building Value$178,000

Annual Tax$4,684

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth0 ft

Area~2,419 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,419 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
8 PENN AVE S MINNEAPOLIS MN 55405	JOHN L KRUMHEUER REV LIV TR	TRIPLEX	$525,800	60 ft
16 PENN AVE S MINNEAPOLIS MN 55405	E BUCKINGHAM/H BUCKINGHAM	RESIDENTIAL	$356,800	120 ft
5 QUEEN AVE S MINNEAPOLIS MN 55405	H BUCKINGHAM & E BUCKINGHAM	RESIDENTIAL	$336,500	142 ft
9 QUEEN AVE S MINNEAPOLIS MN 55405	GARY TRIEMERT ETAL	RESIDENTIAL	$231,800	147 ft
20 PENN AVE S MINNEAPOLIS MN 55405	M L HOFSTAD & H L HOFSTAD	RESIDENTIAL	$433,000	160 ft
15 QUEEN AVE S MINNEAPOLIS MN 55405	DOROTHY M HILL	RESIDENTIAL	$365,100	163 ft
17 QUEEN AVE S MINNEAPOLIS MN 55405	CAROL ANN YOUNG/STEVEN YOUNG	RESIDENTIAL	$423,600	186 ft
7 PENN AVE S MINNEAPOLIS MN 55405	M A ADAMS & K F COON	RESIDENTIAL-TWO UNIT	$461,800	188 ft
1 PENN AVE S MINNEAPOLIS MN 55405	D BIENEMAN & P HANNAH	RESIDENTIAL	$436,400	191 ft
24 PENN AVE S MINNEAPOLIS MN 55405	GLENDA M WALLACE	RESIDENTIAL	$363,200	200 ft

Property History

Most Recent Sale

Date199211

Price$1

Type—

Current Tax Year

Year2026

Tax Due$4,684