1922 PENN AVE S MINNEAPOLIS MN 55405

PID: 2902924440041

Property Overview

Parcel ID2902924440041

Lot Size7,909 sq ft (0.182 ac)

Lot Dimensions (est.)154 ft wide × 51 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerFION WANG & NICOLAS OSKEY

Assessed Value$707,300

Land Value$374,000

Building Value$333,300

Annual Tax$11,632

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2019 · $87K total declared value · Most recent: Mar 2025 (res)

ResMar 2025Closed

AT Plumbing Heating and Air

RemodelFeb 2025Closed

$28K

U NAME IT CONSTRUCTION INC

MiscMay 2024Closed

$20K

LES JONES ROOFING INC

ExistresApr 2024Closed

AQUARIUS HOME SERVICES

MiscMar 2024Closed

$34K

Mohler Chimney Repair LLC

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 width44 ft

Buildable depth106 ft

Area~4,611 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 4,611 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
1926 PENN AVE S MINNEAPOLIS MN 55405	MARK LUCAS & AMY LUCAS	RESIDENTIAL	$1,129,000	55 ft
1916 PENN AVE S MINNEAPOLIS MN 55405	J WALKER & G NIPPER	RESIDENTIAL	$964,000	59 ft
1932 PENN AVE S MINNEAPOLIS MN 55405	BETH FOX & LAWRENCE FOX	RESIDENTIAL	$1,463,000	139 ft
1929 KENWOOD PKWY MINNEAPOLIS MN 55405	SCOTT & COURTNEY VINCENT	RESIDENTIAL	$1,308,200	160 ft
1917 KENWOOD PKWY MINNEAPOLIS MN 55405	AMANDA HUNT & MATTHEW SCHUM	RESIDENTIAL	$896,100	165 ft
1937 KENWOOD PKWY MINNEAPOLIS MN 55405	J K HJELM & E CARLSON HJELM	RESIDENTIAL	$1,248,500	172 ft
1911 KENWOOD PKWY MINNEAPOLIS MN 55405	N W DWYER & K P DWYER	RESIDENTIAL	$1,234,000	176 ft
1945 KENWOOD PKWY MINNEAPOLIS MN 55405	M W HANSEN & A G BOIES	RESIDENTIAL	$638,700	197 ft
1903 KENWOOD PKWY MINNEAPOLIS MN 55405	SUSAN LYNN MCCARTHY TRUST	RESIDENTIAL	$1,628,900	204 ft
1917 PENN AVE S MINNEAPOLIS MN 55405	MARY JEAN MCGREGOR TRUSTEE	RESIDENTIAL	$629,600	209 ft

Property History

Most Recent Sale

Date201910

Price$648,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,632