2305 OLIVER AVE S MINNEAPOLIS MN 55405

PID: 3302924220066

Property Overview

Parcel ID3302924220066

Lot Size7,234 sq ft (0.166 ac)

Lot Dimensions (est.)143 ft wide × 51 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerR M CASSLEMAN/P V CASSLEMAN

Assessed Value$1,285,000

Land Value$513,000

Building Value$772,000

Annual Tax$22,561

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2005 · $424K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Closed

$10K

Browns Basements LLC

MiscOct 2024Closed

$3K

THE HOME DEPOT

MiscOct 2023Closed

$40K

eRoof LLC

ExistresJun 2023Closed

Midland HVAC LLC

ResJul 2021Closed

SODERLIN PLUMBING HEATING AND AIR

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 width55 ft

Buildable depth71 ft

Area~4,062 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 4,062 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2301 OLIVER AVE S MINNEAPOLIS MN 55405	SUSAN F DEMARIS REVOC TRUST	RESIDENTIAL	$1,059,400	52 ft
2309 OLIVER AVE S MINNEAPOLIS MN 55405	ROBERT C LEFEVERE ET AL	RESIDENTIAL	$1,098,300	52 ft
2221 OLIVER AVE S MINNEAPOLIS MN 55405	BENNETT GORDON ET AL	RESIDENTIAL	$1,368,600	101 ft
2315 OLIVER AVE S MINNEAPOLIS MN 55405	R S GREGORY & J L GREGORY	RESIDENTIAL	$595,100	103 ft
2304 NEWTON AVE S MINNEAPOLIS MN 55405	C & A FERRELL	RESIDENTIAL	$1,252,700	135 ft
2217 OLIVER AVE S MINNEAPOLIS MN 55405	SANDEEP D PATEL ET AL	RESIDENTIAL	$824,800	150 ft
2308 NEWTON AVE S MINNEAPOLIS MN 55405	J F CONN & R S EICHEN CONN	RESIDENTIAL	$880,000	153 ft
2216 NEWTON AVE S MINNEAPOLIS MN 55405	M MICKELSON & J MICHELSON	RESIDENTIAL	$1,449,000	154 ft
2312 OLIVER AVE S MINNEAPOLIS MN 55405	JASON COCCO & KRISTEN COCCO	RESIDENTIAL	$1,259,900	188 ft
2316 OLIVER AVE S MINNEAPOLIS MN 55405	MICHAEL T HEALY ET AL	RESIDENTIAL	$995,400	191 ft

Property History

Most Recent Sale

Date202208

Price$1,195,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$22,561