3401 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0902924220045

Property Overview

Parcel ID0902924220045

Lot Size5,031 sq ft (0.116 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerNATHAN S TIMM

Assessed Value$144,000

Land Value$18,000

Building Value$126,000

Annual Tax$1,742

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

1 permit on record since 2025 · Most recent: Dec 2025 (res)

ResDec 2025Closed

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth0 ft

Area~2,315 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,315 sqft buildable area.

Est. units

Yield on cost

1.8%

Spread

-3.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3407 MORGAN AVE N MINNEAPOLIS MN 55412	SHANNON BROWN	RESIDENTIAL	$194,000	39 ft
3411 MORGAN AVE N MINNEAPOLIS MN 55412	DEVIN ASHLEY BROWN	RESIDENTIAL	$217,200	78 ft
3355 MORGAN AVE N MINNEAPOLIS MN 55412	JOSHUA STRANZ	RESIDENTIAL	$215,000	111 ft
3415 MORGAN AVE N MINNEAPOLIS MN 55412	CITY/LAKES COMM LAND TRUST	—	$176,900	118 ft
3400 NEWTON AVE N MINNEAPOLIS MN 55412	J E KAISER & M J REIMLER	RESIDENTIAL	$252,200	140 ft
3404 NEWTON AVE N MINNEAPOLIS MN 55412	CAG MINNESOTA FUND II LLC	RESIDENTIAL	$260,900	145 ft
3351 MORGAN AVE N MINNEAPOLIS MN 55412	VLADIMIR GARCIA	RESIDENTIAL	$186,700	153 ft
3419 MORGAN AVE N MINNEAPOLIS MN 55412	LUZ PIEDAD QUITO FERNANDEZ	RESIDENTIAL	$227,000	157 ft
3410 NEWTON AVE N MINNEAPOLIS MN 55412	E CORONADO & K A CORONADO	RESIDENTIAL	$267,100	161 ft
3354 NEWTON AVE N MINNEAPOLIS MN 55412	MARK R JASPERS	RESIDENTIAL	$283,000	176 ft

Property History

Current Tax Year

Year2026

Tax Due$1,742