3518 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0902924220138

Property Overview

Parcel ID0902924220138

Lot Size5,068 sq ft (0.116 ac)

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

Year Built1942

Property ClassRESIDENTIAL

OwnerROLANDO ROMERO-SOSA JR

Assessed Value$214,600

Land Value$18,000

Building Value$196,600

Annual Tax$2,914

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 · $3K total declared value · Most recent: May 2023 (misc)

MiscMay 2023Closed

$3K

Rolando Romero

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 depth87 ft

Area~2,600 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 2,600 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
3514 MORGAN AVE N MINNEAPOLIS MN 55412	SOPHIE C LARSON	RESIDENTIAL	$97,000	40 ft
3522 MORGAN AVE N MINNEAPOLIS MN 55412	LUIS M FERNANDEZ INAMAGUA	RESIDENTIAL	$367,000	40 ft
3510 MORGAN AVE N MINNEAPOLIS MN 55412	JAYMES H DRIELING	RESIDENTIAL-TWO UNIT	$232,400	80 ft
3526 MORGAN AVE N MINNEAPOLIS MN 55412	RED DOOR ENTERPRISES LLC	RESIDENTIAL	$101,000	80 ft
3506 MORGAN AVE N MINNEAPOLIS MN 55412	RANEKA PAIGE	RESIDENTIAL	$186,000	120 ft
3530 MORGAN AVE N MINNEAPOLIS MN 55412	OSVALDO BORUNDA GUTIERREZ	RESIDENTIAL	$180,300	120 ft
3519 LOGAN AVE N MINNEAPOLIS MN 55412	SARAH DISHER/MICHAEL DISHER	RESIDENTIAL	$235,500	138 ft
3523 LOGAN AVE N MINNEAPOLIS MN 55412	JOEL D WENZEL	RESIDENTIAL	$314,000	144 ft
3515 LOGAN AVE N MINNEAPOLIS MN 55412	MICHAEL P JOHNSON	RESIDENTIAL	$209,400	144 ft
3527 LOGAN AVE N MINNEAPOLIS MN 55412	ANDREA WAKELY	RESIDENTIAL	$126,000	159 ft

Property History

Most Recent Sale

Date201905

Price$156,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,914