2217 OLIVER AVE S MINNEAPOLIS MN 55405

PID: 3302924220063

Property Overview

Parcel ID3302924220063

Lot Size6,972 sq ft (0.160 ac)

Lot Dimensions (est.)148 ft wide × 47 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerSANDEEP D PATEL ET AL

Assessed Value$824,800

Land Value$506,000

Building Value$318,800

Annual Tax$13,855

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

3 permits on record since 2023 · $55K total declared value · Most recent: Aug 2025 (remodel)

RemodelAug 2025Inspection

$32K

AXIOS DEVELOPMENT AND CONSTRUCTION

MiscSep 2023Closed

$24K

Countrywide Contracting

ResFeb 2023Closed

Urban Pine Plumbing and Mechanical 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

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 width46 ft

Buildable depth85 ft

Area~3,964 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 3,964 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2215 OLIVER AVE S MINNEAPOLIS MN 55405	LIZBETH O BROWN TRUST	RESIDENTIAL	$1,227,800	50 ft
2221 OLIVER AVE S MINNEAPOLIS MN 55405	BENNETT GORDON ET AL	RESIDENTIAL	$1,368,600	50 ft
2301 OLIVER AVE S MINNEAPOLIS MN 55405	SUSAN F DEMARIS REVOC TRUST	RESIDENTIAL	$1,059,400	98 ft
2209 OLIVER AVE S MINNEAPOLIS MN 55405	GRANVILLE P LAWRENCE & WIFE	RESIDENTIAL	$718,500	100 ft
2205 OLIVER AVE S MINNEAPOLIS MN 55405	L M & D T MORAN	RESIDENTIAL	$886,200	150 ft
2305 OLIVER AVE S MINNEAPOLIS MN 55405	R M CASSLEMAN/P V CASSLEMAN	RESIDENTIAL	$1,285,000	150 ft
2212 NEWTON AVE S MINNEAPOLIS MN 55405	E LOUALICHE & K L DIMOND	RESIDENTIAL	$1,430,900	157 ft
2208 NEWTON AVE S MINNEAPOLIS MN 55405	ADAM & AMY PLATT	RESIDENTIAL	$938,800	161 ft
2216 NEWTON AVE S MINNEAPOLIS MN 55405	M MICKELSON & J MICHELSON	RESIDENTIAL	$1,449,000	174 ft
2204 NEWTON AVE S MINNEAPOLIS MN 55405	J QUAM & C LYONS	RESIDENTIAL	$1,000,000	177 ft

Property History

Most Recent Sale

Date200506

Price$680,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,855