5032 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824320065

Property Overview

Parcel ID1602824320065

Lot Size5,166 sq ft (0.119 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerB K RUNDY TRUST

Assessed Value$730,100

Land Value$296,000

Building Value$434,100

Annual Tax$12,063

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2010 · $410K total declared value · Most recent: Sep 2023 (addition)

AdditionSep 2023Closed

$30K

Chris Massey Construction LLC

ExistresMay 2023Expired

Standard Heating and Air Conditioning Inc

ExistresDec 2019Closed

Standard Heating and Air Conditioning Inc

ResApr 2018Closed

CenterPoint Energy Resource Corp

Building Re-inspectionNov 2010

$380K

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

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

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 depth89 ft

Area~2,674 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 2,674 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5036 MORGAN AVE S MINNEAPOLIS MN 55419	LESLIE ANN LYTLE	RESIDENTIAL	$674,300	40 ft
5026 MORGAN AVE S MINNEAPOLIS MN 55419	CRAIG A MACLEOD TRUST	RESIDENTIAL	$931,900	60 ft
5040 MORGAN AVE S MINNEAPOLIS MN 55419	E J GLEASON & T L COBDEN III	RESIDENTIAL	$727,000	80 ft
5020 MORGAN AVE S MINNEAPOLIS MN 55419	G T COLLINS & E A COLLINS	RESIDENTIAL	$643,900	120 ft
5044 MORGAN AVE S MINNEAPOLIS MN 55419	DEBORAH THOMPSON REV TRUST	RESIDENTIAL	$681,600	120 ft
5033 NEWTON AVE S MINNEAPOLIS MN 55419	K G & T K PFISTER	RESIDENTIAL	$593,300	141 ft
5037 NEWTON AVE S MINNEAPOLIS MN 55419	A BELLUS/M HOFF/R HOFF ETAL	RESIDENTIAL-TWO UNIT	$585,600	146 ft
5029 NEWTON AVE S MINNEAPOLIS MN 55419	E B S & P L MULLIN	RESIDENTIAL	$679,600	147 ft
5048 MORGAN AVE S MINNEAPOLIS MN 55419	JOHN FILIPIAK & CARLY HANSON	RESIDENTIAL	$618,400	160 ft
5016 MORGAN AVE S MINNEAPOLIS MN 55419	GAY W CASTLE	RESIDENTIAL	$536,400	161 ft

Property History

Most Recent Sale

Date199310

Price$159,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$12,063