2305 PENN AVE S MINNEAPOLIS MN 55405

PID: 3302924220040

Property Overview

Parcel ID3302924220040

Lot Size10,137 sq ft (0.233 ac)

Lot Dimensions (est.)154 ft wide × 66 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerT ALEXANDER & H ALEXANDER

Assessed Value$2,605,300

Land Value$877,000

Building Value$1,728,300

Annual Tax$47,536

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2006 · $535K total declared value · Most recent: Oct 2024 (res)

ResOct 2024Closed

FIRESIDE HEARTH AND HOME

MiscAug 2024Closed

$5K

STANDARD WATER CONTROL SYSTEMS INC

ResJun 2022Closed

Warners Stellian Co Inc

ResFeb 2019Closed

Southtown Plumbing Inc

RemodelFeb 2019Closed

$16K

TIMBERLAND BUILDERS INC

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width71 ft

Buildable depth85 ft

Area~6,187 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 sfr / adu benchmarks for 6,187 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2301 PENN AVE S MINNEAPOLIS MN 55405	KARIN L OLSON	RESIDENTIAL	$1,166,800	62 ft
2370 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	A L HUSSIAN & J M HUSSIAN TR	RESIDENTIAL	$1,749,000	69 ft
2221 PENN AVE S MINNEAPOLIS MN 55405	CITY ISLE LLC	RESIDENTIAL	$607,400	114 ft
2366 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	PATRICK J CROMER	RESIDENTIAL	$2,452,000	132 ft
2304 OLIVER AVE S MINNEAPOLIS MN 55405	STEVEN R KATZ & J A LEOPOLD	RESIDENTIAL	$1,095,100	148 ft
2300 OLIVER AVE S MINNEAPOLIS MN 55405	K CARLSON & N KUCHER	RESIDENTIAL	$1,172,000	156 ft
2217 PENN AVE S MINNEAPOLIS MN 55405	PAUL D KIELY & ANNE M KIELY	RESIDENTIAL	$1,139,300	164 ft
2308 OLIVER AVE S MINNEAPOLIS MN 55405	MARY VAN NOTE	RESIDENTIAL	$954,200	169 ft
2368 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	LEO SCHNEIDER	RESIDENTIAL	$2,226,600	186 ft
2220 OLIVER AVE S MINNEAPOLIS MN 55405	STEPHANIE SHIMP REV TRUST	RESIDENTIAL	$1,117,700	190 ft

Property History

Most Recent Sale

Date202205

Price$2,750,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$47,536