4928 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824230101

Property Overview

Parcel ID1602824230101

Lot Size5,160 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerN J LEIMER & B G LEIMER

Assessed Value$603,800

Land Value$324,000

Building Value$279,800

Annual Tax$9,675

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $78K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$14K

Minnesota Rusco Inc

MiscMar 2023Closed

$33K

ERIE CONSTRUCTION MID WEST INC

MiscMay 2020Closed

$32K

PELLA NORTHLAND

ResMay 2019Closed

Water Heaters Now Inc

ResNov 2018Closed

Hearth and Home Technologies LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,625/mo

Renter-occupied17.4%

Median home value$721K

Vacancy rate0.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 106

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 width30 ft

Buildable depth89 ft

Area~2,669 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 2,669 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4924 MORGAN AVE S MINNEAPOLIS MN 55419	J B HAUSCHILD/R H HAUSCHILD	RESIDENTIAL	$737,700	40 ft
4932 MORGAN AVE S MINNEAPOLIS MN 55419	E M LARUSSO REVOCABLE TRUST	RESIDENTIAL	$698,800	40 ft
4920 MORGAN AVE S MINNEAPOLIS MN 55419	M J OLIVER & C SCHOENBAUER	RESIDENTIAL	$518,000	79 ft
4936 MORGAN AVE S MINNEAPOLIS MN 55419	STARCEVICH FAMILY TRUST	RESIDENTIAL	$615,000	80 ft
4916 MORGAN AVE S MINNEAPOLIS MN 55419	BARBARA J MOHR TRUSTEE	RESIDENTIAL	$593,900	117 ft
4940 MORGAN AVE S MINNEAPOLIS MN 55419	SARAH E TRESSEL TRUST	RESIDENTIAL	$830,500	120 ft
4929 NEWTON AVE S MINNEAPOLIS MN 55419	T K & J L WILLS	RESIDENTIAL	$610,000	143 ft
4925 NEWTON AVE S MINNEAPOLIS MN 55419	S ROSENSTEIN-J J ROSENSTEIN	RESIDENTIAL	$899,200	148 ft
4933 NEWTON AVE S MINNEAPOLIS MN 55419	E E NILSSON & M J NILSSON	RESIDENTIAL	$785,500	148 ft
4944 MORGAN AVE S MINNEAPOLIS MN 55419	JILL A MARKS REVOCABLE TRUST	RESIDENTIAL	$722,700	160 ft

Property History

Most Recent Sale

Date200905

Price$399,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,675