3243 MORGAN AVE N MINNEAPOLIS MN 55412

PID: 0902924230141

Property Overview

Parcel ID0902924230141

Lot Size5,100 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerD R HENJUM & K HENJUM

Assessed Value$263,900

Land Value$18,000

Building Value$245,900

Annual Tax$3,731

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2021 · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

ExistresSep 2021Closed

Royalton Heating and Cooling Co

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~2,625 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 2,625 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
3247 MORGAN AVE N MINNEAPOLIS MN 55412	JOANNE MURPHY	RESIDENTIAL	$149,000	40 ft
3239 MORGAN AVE N MINNEAPOLIS MN 55412	NECHELLE SPAULDING-MUCHER	RESIDENTIAL	$146,000	40 ft
3251 MORGAN AVE N MINNEAPOLIS MN 55412	SUSAN M SAWYER-DEMARIS	RESIDENTIAL	$238,200	80 ft
3235 MORGAN AVE N MINNEAPOLIS MN 55412	MARTIKA Z LOWERS	RESIDENTIAL	$202,800	80 ft
3255 MORGAN AVE N MINNEAPOLIS MN 55412	LAURA GOULD	RESIDENTIAL	$251,900	120 ft
3231 MORGAN AVE N MINNEAPOLIS MN 55412	JOSUE O VALERDI	RESIDENTIAL	$160,300	120 ft
3242 NEWTON AVE N MINNEAPOLIS MN 55412	LANE M CUNNINGHAM ET AL	RESIDENTIAL	$272,000	139 ft
3238 NEWTON AVE N MINNEAPOLIS MN 55412	SAMUEL SZUBA	RESIDENTIAL	$245,500	145 ft
3246 NEWTON AVE N MINNEAPOLIS MN 55412	JAMIE BUTTERS-NAPUE	RESIDENTIAL	$249,600	145 ft
3257 MORGAN AVE N MINNEAPOLIS MN 55412	TIMOTHY J LARSON	RESIDENTIAL	$167,700	154 ft

Property History

Most Recent Sale

Date202110

Price$232,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,731