4940 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824230104

Property Overview

Parcel ID1602824230104

Lot Size5,152 sq ft (0.118 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerSARAH E TRESSEL TRUST

Assessed Value$830,500

Land Value$324,000

Building Value$506,500

Annual Tax$13,963

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2004 · $228K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Inspection

Warners Stellian Co Inc

MiscOct 2023Closed

$19K

KAUFMAN SHEET METAL ROOFING INC

ResAug 2023Closed

Norblom Plumbing Co

ExistresJul 2023Closed

TOTAL COMFORT

AdditionJan 2023Closed

$35K

PHI DECKS

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~2,663 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 2,663 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
4936 MORGAN AVE S MINNEAPOLIS MN 55419	STARCEVICH FAMILY TRUST	RESIDENTIAL	$615,000	40 ft
4944 MORGAN AVE S MINNEAPOLIS MN 55419	JILL A MARKS REVOCABLE TRUST	RESIDENTIAL	$722,700	40 ft
4932 MORGAN AVE S MINNEAPOLIS MN 55419	E M LARUSSO REVOCABLE TRUST	RESIDENTIAL	$698,800	80 ft
4948 MORGAN AVE S MINNEAPOLIS MN 55419	KATHRYN G BUCKLEY	RESIDENTIAL	$562,600	80 ft
4928 MORGAN AVE S MINNEAPOLIS MN 55419	N J LEIMER & B G LEIMER	RESIDENTIAL	$603,800	120 ft
4952 MORGAN AVE S MINNEAPOLIS MN 55419	SCOTT LOVY & ANNIE LOVY	RESIDENTIAL	$569,300	120 ft
4941 NEWTON AVE S MINNEAPOLIS MN 55419	BAILEY-MACK TRUST	RESIDENTIAL	$672,400	143 ft
4945 NEWTON AVE S MINNEAPOLIS MN 55419	T A TRACHTMAN/S E TRACHTMAN	RESIDENTIAL	$719,800	148 ft
4937 NEWTON AVE S MINNEAPOLIS MN 55419	SCOTT D RICH & TONYA L RICH	RESIDENTIAL	$699,100	148 ft
4924 MORGAN AVE S MINNEAPOLIS MN 55419	J B HAUSCHILD/R H HAUSCHILD	RESIDENTIAL	$737,700	160 ft

Property History

Most Recent Sale

Date199909

Price$279,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,963