3640 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0402924330176

Property Overview

Parcel ID0402924330176

Lot Size5,030 sq ft (0.115 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerLISA VANG

Assessed Value$249,600

Land Value$21,000

Building Value$228,600

Annual Tax$3,494

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

2 permits on record since 2023 · $15K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$15K

Green Light Construction

ResMar 2023Closed

CenterPoint Energy Resource Corp

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~2,572 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 2,572 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
3636 MORGAN AVE N MINNEAPOLIS MN 55412	CCF3, LLC	RESIDENTIAL	$151,300	40 ft
3644 MORGAN AVE N MINNEAPOLIS MN 55412	ROBERT M KELLER	RESIDENTIAL	$173,300	40 ft
3632 MORGAN AVE N MINNEAPOLIS MN 55412	RICHER VANG	RESIDENTIAL	$153,000	80 ft
3648 MORGAN AVE N MINNEAPOLIS MN 55412	D & T PROPERTIES LLC	RESIDENTIAL	$232,500	83 ft
3628 MORGAN AVE N MINNEAPOLIS MN 55412	VICTORIA STARBUCK	RESIDENTIAL	$203,800	120 ft
3652 MORGAN AVE N MINNEAPOLIS MN 55412	JORDAN DOLILASA ET AL	RESIDENTIAL	$202,600	128 ft
3641 LOGAN AVE N MINNEAPOLIS MN 55412	ANDREW P & KELLY CUNNINGHAM	RESIDENTIAL	$177,500	140 ft
3645 LOGAN AVE N MINNEAPOLIS MN 55412	JUDE A MOSS	RESIDENTIAL	$156,300	144 ft
3637 LOGAN AVE N MINNEAPOLIS MN 55412	PTF ENTERPRISES LLC	RESIDENTIAL	$150,400	146 ft
3624 MORGAN AVE N MINNEAPOLIS MN 55412	M CAMPBELL & J FINGERHOOT	RESIDENTIAL	$199,900	160 ft

Property History

Most Recent Sale

Date200908

Price$102,800

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$3,494