2650 MORGAN AVE N MINNEAPOLIS MN 55411

PID: 0902924330165

Property Overview

Parcel ID0902924330165

Lot Size5,369 sq ft (0.123 ac)

Lot Dimensions (est.)126 ft wide × 43 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerUNTD FAITH PENTECOSTAL CHRCH

Assessed Value$109,600

Land Value$16,000

Building Value$93,600

Annual Tax$1,689

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Jordan · Minneapolis

Median reported rent1,750/mo

Renter-occupied36.0%

Median home value$198K

Vacancy rate6.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1257

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth85 ft

Area~2,804 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 small multifamily (2–4 units, wood frame) benchmarks for 2,804 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2646 MORGAN AVE N MINNEAPOLIS MN 55411	KATHY WILLIAMS	RESIDENTIAL	$169,900	42 ft
2654 MORGAN AVE N MINNEAPOLIS MN 55411	D THOMAS VALUE PROPS LLC	RESIDENTIAL	$113,800	43 ft
2642 MORGAN AVE N MINNEAPOLIS MN 55411	SOPHIE CAPLIN/SOLOMON MARTEY	RESIDENTIAL	$226,000	85 ft
2638 MORGAN AVE N MINNEAPOLIS MN 55411	JANE BATTLE	RESIDENTIAL	$241,300	128 ft
2651 LOGAN AVE N MINNEAPOLIS MN 55411	R LASTENIA VASQUEZ MENDIETA	RESIDENTIAL	$214,000	138 ft
2655 LOGAN AVE N MINNEAPOLIS MN 55411	BLACKHOLE LLC	RESIDENTIAL	$293,900	144 ft
2647 LOGAN AVE N MINNEAPOLIS MN 55411	ABDUL KUNERT & H ABDULKARIM	RESIDENTIAL	$200,000	145 ft
2700 MORGAN AVE N MINNEAPOLIS MN 55411	A MOHAMED & F MOHAMED	RESIDENTIAL	$370,000	146 ft
2643 LOGAN AVE N MINNEAPOLIS MN 55411	AUSTIN T SCHAEFER	RESIDENTIAL	$152,000	162 ft
2634 MORGAN AVE N MINNEAPOLIS MN 55411	DAO VANG	RESIDENTIAL	$220,000	170 ft

Property History

Most Recent Sale

Date200003

Price$28,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,689