3751 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0402924330048

Property Overview

Parcel ID0402924330048

Lot Size5,094 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1947

Property ClassLOW INCOME RENTAL

OwnerREINVENTION REAL ESTATE

Assessed Value$170,800

Land Value$21,000

Building Value$149,800

Annual Tax$1,717

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

No permits found in Minneapolis open data for this parcel.

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 depth87 ft

Area~2,620 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 2,620 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3755 MORGAN AVE N MINNEAPOLIS MN 55412	THEO ROTHSTEIN	RESIDENTIAL	$178,000	40 ft
3747 MORGAN AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	40 ft
3759 MORGAN AVE N MINNEAPOLIS MN 55412	A L LUND & J S RATH	RESIDENTIAL	$232,800	79 ft
3743 MORGAN AVE N MINNEAPOLIS MN 55412	TIMOTHY C CRAWFORD	RESIDENTIAL	$167,500	80 ft
3739 MORGAN AVE N MINNEAPOLIS MN 55412	RED DOOR ENTERPRISES LLC	RESIDENTIAL	$212,900	120 ft
3750 NEWTON AVE N MINNEAPOLIS MN 55412	A J & P J CRAWFORD	RESIDENTIAL	$156,000	141 ft
3746 NEWTON AVE N MINNEAPOLIS MN 55412	3746 NEWTON LLC	RESIDENTIAL	$171,200	146 ft
3754 NEWTON AVE N MINNEAPOLIS MN 55412	PRESTON D MCAREAVEY	RESIDENTIAL	$192,400	148 ft
3742 NEWTON AVE N MINNEAPOLIS MN 55412	V BERGER & D BERGER	RESIDENTIAL	$120,000	160 ft
3735 MORGAN AVE N MINNEAPOLIS MN 55412	LAWRENCE R JOHNSON ETAL	RESIDENTIAL	$159,900	160 ft

Property History

Most Recent Sale

Date201603

Price$62,999

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,717