436 PENN AVE S MINNEAPOLIS MN 55405

PID: 2902924140044

Property Overview

Parcel ID2902924140044

Lot Size5,418 sq ft (0.124 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerSHANE O'LEARY

Assessed Value$480,300

Land Value$154,000

Building Value$326,300

Annual Tax$7,356

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2012 · $236K total declared value · Most recent: Feb 2026 (existres)

ExistresFeb 2026Closed

Binder Heating and Air Conditioning Inc

ResJan 2026Closed

Weld and Sons Plumbing Inc

RemodelJan 2026Closed

$102K

CHE BELLA INTERIORS LLC

MiscJan 2026Closed

$3K

Basement Window Guy

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth89 ft

Area~2,847 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 2,847 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
432 PENN AVE S MINNEAPOLIS MN 55405	M S FROST & DEBRA L FROST	RESIDENTIAL	$440,800	42 ft
440 PENN AVE S MINNEAPOLIS MN 55405	KAREN JOHNSON	RESIDENTIAL	$420,100	42 ft
428 PENN AVE S MINNEAPOLIS MN 55405	STEVEN ALAN JOHNSON	RESIDENTIAL	$342,000	84 ft
444 PENN AVE S MINNEAPOLIS MN 55405	TERRI STARK REVOCABLE TRUST	RESIDENTIAL	$433,100	84 ft
2214 MOUNT VIEW AVE MINNEAPOLIS MN 55405	KENT E PETERSON	RESIDENTIAL	$455,000	107 ft
424 PENN AVE S MINNEAPOLIS MN 55405	J NICHOLS & L NICHOLS	RESIDENTIAL	$453,900	126 ft
448 PENN AVE S MINNEAPOLIS MN 55405	WILLIAM BARON & LORI BARON	APARTMENT	$492,000	134 ft
2218 MOUNT VIEW AVE MINNEAPOLIS MN 55405	WALTER LEE & BONITA LEE	RESIDENTIAL	$564,500	160 ft
433 PENN AVE S MINNEAPOLIS MN 55405	JOHN STEPHEN MAURELLI	RESIDENTIAL	$622,200	179 ft
429 PENN AVE S MINNEAPOLIS MN 55405	B R KWAN & C T HALLER IV	RESIDENTIAL	$459,800	182 ft

Property History

Most Recent Sale

Date202509

Price$455,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,356