4940 LOGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824230126

Property Overview

Parcel ID1602824230126

Lot Size5,152 sq ft (0.118 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerM A BURGESS & D J BURGESS

Assessed Value$759,000

Land Value$324,000

Building Value$435,000

Annual Tax$12,611

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2018 · $61K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

TEAM MECHANICAL INC

ExistresJun 2023Closed

Select Mechanical Services Inc

MiscMay 2022Closed

$17K

Mark Burgess

MiscApr 2022Closed

$20K

Springline Builders Inc

RemodelAug 2018Closed

$10K

PROFFESSIONAL HOMES INSPECTIONS 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~2,663 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 LOGAN AVE S MINNEAPOLIS MN 55419	M L WALKER & J A WALKER	RESIDENTIAL	$624,900	40 ft
4944 LOGAN AVE S MINNEAPOLIS MN 55419	C C & R B HAGAR	RESIDENTIAL	$592,200	40 ft
4932 LOGAN AVE S MINNEAPOLIS MN 55419	RICHARD M LEE & HOLLY H LEE	RESIDENTIAL	$576,400	80 ft
4948 LOGAN AVE S MINNEAPOLIS MN 55419	JAMES LAMPHERE/AMY LAMPHERE	RESIDENTIAL	$759,100	80 ft
4928 LOGAN AVE S MINNEAPOLIS MN 55419	A D J G RODRIGUEZ/A M GRACIA	RESIDENTIAL	$512,000	120 ft
4952 LOGAN AVE S MINNEAPOLIS MN 55419	T GILLIG & E LEVY	RESIDENTIAL	$586,100	120 ft
4941 MORGAN AVE S MINNEAPOLIS MN 55419	AMOS BUDDE & ERIKA GRANTIER	RESIDENTIAL	$776,600	143 ft
4945 MORGAN AVE S MINNEAPOLIS MN 55419	IMKB FAMILY JOINT LIVING TR	RESIDENTIAL	$1,131,200	148 ft
4937 MORGAN AVE S MINNEAPOLIS MN 55419	K L F REVOCABLE TRUST	RESIDENTIAL	$784,100	148 ft
4924 LOGAN AVE S MINNEAPOLIS MN 55419	KEVIN KELLER & EMILIE KELLER	RESIDENTIAL	$586,000	160 ft

Property History

Most Recent Sale

Date199912

Price$293,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,611