3706 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0402924330032

Property Overview

Parcel ID0402924330032

Lot Size5,032 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerBRENDA A SPRIGGS

Assessed Value$221,100

Land Value$21,000

Building Value$200,100

Annual Tax$3,020

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2017 · $7K total declared value · Most recent: Sep 2022 (res)

ResSep 2022Closed

Centraire Heating & Air Conditioning LLC

ExistresSep 2022Closed

Centraire Heating & Air Conditioning LLC

MiscSep 2017Closed

$7K

KAT CONSTRUCTION LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Folwell · Minneapolis

Median reported rent1,590/mo

Renter-occupied27.3%

Median home value$193K

Vacancy rate7.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1008

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width30 ft

Buildable depth86 ft

Area~2,573 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 2,573 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
3700 MORGAN AVE N MINNEAPOLIS MN 55412	DANIELLE R GUINTHER	RESIDENTIAL	$282,800	40 ft
3710 MORGAN AVE N MINNEAPOLIS MN 55412	JONATHAN D CRAVENS	RESIDENTIAL	$200,700	40 ft
3714 MORGAN AVE N MINNEAPOLIS MN 55412	ANIKA SCHNEIDER	RESIDENTIAL	$281,000	80 ft
3718 MORGAN AVE N MINNEAPOLIS MN 55412	OTIS FERGUSON	RESIDENTIAL	$222,700	120 ft
3707 LOGAN AVE N MINNEAPOLIS MN 55412	GARY LEE JACOBSON	RESIDENTIAL	$186,200	140 ft
3656 MORGAN AVE N MINNEAPOLIS MN 55412	K M HAMMER & E L MONROE	RESIDENTIAL	$237,000	143 ft
3711 LOGAN AVE N MINNEAPOLIS MN 55412	NICOLE PFEIFER	RESIDENTIAL	$195,100	144 ft
3701 LOGAN AVE N MINNEAPOLIS MN 55412	CRISTIAN VIVAR POMAVILLA	RESIDENTIAL	$221,200	146 ft
3715 LOGAN AVE N MINNEAPOLIS MN 55412	TOU CHER CHANG	RESIDENTIAL	$190,800	159 ft
3722 MORGAN AVE N MINNEAPOLIS MN 55412	MARCIA PHILLIPS	RESIDENTIAL	$276,700	160 ft

Property History

Most Recent Sale

Date199605

Price$59,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,020