3641 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0402924330179

Property Overview

Parcel ID0402924330179

Lot Size5,090 sq ft (0.117 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerRICHARD D BERG ETAL

Assessed Value$228,600

Land Value$21,000

Building Value$207,600

Annual Tax$3,145

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

5 permits on record since 2019 · $15K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Closed

Paul Bunyan Plumbing, LLC

MiscJul 2024Closed

$15K

CAPITAL CONSTRUCTION LLC

ResMar 2023Closed

CenterPoint Energy Resource Corp

ResApr 2019Closed

Urban Pine Plumbing and Mechanical Inc

ExistresApr 2019Closed

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 depth87 ft

Area~2,617 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 2,617 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
3645 MORGAN AVE N MINNEAPOLIS MN 55412	BETH A MATZKE	RESIDENTIAL	$226,900	40 ft
3637 MORGAN AVE N MINNEAPOLIS MN 55412	KIMBERLY A LARSON	RESIDENTIAL	$187,400	40 ft
3633 MORGAN AVE N MINNEAPOLIS MN 55412	KRISTEN M FOWLER	RESIDENTIAL	$79,000	80 ft
3649 MORGAN AVE N MINNEAPOLIS MN 55412	V VU & A S ANALUISA	RESIDENTIAL	$243,400	83 ft
3629 MORGAN AVE N MINNEAPOLIS MN 55412	CHUSENG VUE & XUA VANG	RESIDENTIAL	$156,600	120 ft
3653 MORGAN AVE N MINNEAPOLIS MN 55412	3653 MORGAN LLC	RESIDENTIAL	$243,400	128 ft
3642 NEWTON AVE N MINNEAPOLIS MN 55412	NICHOLAS CAPITAL INC	RESIDENTIAL	$90,700	141 ft
3636 NEWTON AVE N MINNEAPOLIS MN 55412	JAHI HENDRIX DAVIS	RESIDENTIAL	$160,100	145 ft
3646 NEWTON AVE N MINNEAPOLIS MN 55412	EVEREST HOLDINGS LLC	LOW INCOME RENTAL	$97,300	147 ft
3625 MORGAN AVE N MINNEAPOLIS MN 55412	JULIE R ARNDT	RESIDENTIAL	$179,000	160 ft

Property History

Current Tax Year

Year2026

Tax Due$3,145