3423 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0902924220040

Property Overview

Parcel ID0902924220040

Lot Size5,033 sq ft (0.116 ac)

Lot Dimensions (est.)128 ft wide × 39 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerTYLER BURKHOLDER

Assessed Value$191,300

Land Value$18,000

Building Value$173,300

Annual Tax$2,527

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

4 permits on record since 2018 · $6K total declared value · Most recent: Jan 2024 (existres)

ExistresJan 2024Closed

Hero Home Services LLC

MiscOct 2020Closed

$6K

PRO EXTERIORS LLC

ResApr 2018Closed

CENTERPOINT ENERGY

ExistresJan 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

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 width29 ft

Buildable depth89 ft

Area~2,579 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 2,579 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
3427 MORGAN AVE N MINNEAPOLIS MN 55412	IBIZA LLC	VACANT LAND-RESIDENTIAL	$0	39 ft
3419 MORGAN AVE N MINNEAPOLIS MN 55412	LUZ PIEDAD QUITO FERNANDEZ	RESIDENTIAL	$227,000	39 ft
3431 MORGAN AVE N MINNEAPOLIS MN 55412	D C THAYER COMPANIES INC	RESIDENTIAL	$193,800	79 ft
3415 MORGAN AVE N MINNEAPOLIS MN 55412	CITY/LAKES COMM LAND TRUST	—	$176,900	79 ft
3435 MORGAN AVE N MINNEAPOLIS MN 55412	EMILY NEWMAN	RESIDENTIAL	$248,000	118 ft
3411 MORGAN AVE N MINNEAPOLIS MN 55412	DEVIN ASHLEY BROWN	RESIDENTIAL	$217,200	118 ft
3422 NEWTON AVE N MINNEAPOLIS MN 55412	SARAH EILER	RESIDENTIAL	$169,000	140 ft
3418 NEWTON AVE N MINNEAPOLIS MN 55412	TOU YANG	RESIDENTIAL	$198,000	145 ft
3426 NEWTON AVE N MINNEAPOLIS MN 55412	CORRIDOR PROPERTIES LLC	RESIDENTIAL	$166,000	146 ft
3439 MORGAN AVE N MINNEAPOLIS MN 55412	RAY CHANG JOU	RESIDENTIAL	$133,100	157 ft

Property History

Most Recent Sale

Date202602

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,527