3507 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0902924220162

Property Overview

Parcel ID0902924220162

Lot Size5,127 sq ft (0.118 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerCODY STENQUIST

Assessed Value$70,000

Land Value$18,000

Building Value$52,000

Annual Tax$1,074

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

No permits found in Minneapolis open data for this parcel.

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 depth88 ft

Area~2,644 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 2,644 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
3511 MORGAN AVE N MINNEAPOLIS MN 55412	TERRY T BREAUXSAUS	RESIDENTIAL	$172,100	40 ft
3501 MORGAN AVE N MINNEAPOLIS MN 55412	U S BANK N A	RESIDENTIAL	$301,000	40 ft
3515 MORGAN AVE N MINNEAPOLIS MN 55412	XVH ENTERPRISE LLC	RESIDENTIAL-TWO UNIT	$257,500	80 ft
3519 MORGAN AVE N MINNEAPOLIS MN 55412	MARY J SMITH	RESIDENTIAL	$234,000	120 ft
3506 NEWTON AVE N MINNEAPOLIS MN 55412	STARBURST PROPERTIES LLC	RESIDENTIAL	$157,900	140 ft
3459 MORGAN AVE N MINNEAPOLIS MN 55412	HEIDI A HOCHSTETTER	RESIDENTIAL	$205,700	143 ft
3502 NEWTON AVE N MINNEAPOLIS MN 55412	GAO VANG	RESIDENTIAL	$131,000	145 ft
3510 NEWTON AVE N MINNEAPOLIS MN 55412	SAM ARKELL	RESIDENTIAL	$138,100	146 ft
3523 MORGAN AVE N MINNEAPOLIS MN 55412	W TOBAH & C K TOBAH	RESIDENTIAL	$180,000	160 ft
3514 NEWTON AVE N MINNEAPOLIS MN 55412	EVAN T FORSETH	RESIDENTIAL	$248,200	167 ft

Property History

Most Recent Sale

Date202502

Price$120,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,074