5040 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824320067

Property Overview

Parcel ID1602824320067

Lot Size5,165 sq ft (0.119 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerE J GLEASON & T L COBDEN III

Assessed Value$727,000

Land Value$296,000

Building Value$431,000

Annual Tax$12,006

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2001 · $296K total declared value · Most recent: Aug 2023 (remodel)

RemodelAug 2023Closed

$7K

Everlight Solar Construction

RemodelFeb 2023Closed

$30K

INNOVATIVE REMODELERS LLC

ResFeb 2023Closed

First Class Plumbing & Heating LLC

ResNov 2022Closed

FIRESIDE HEARTH AND HOME

ResApr 2018Closed

CenterPoint Energy Resource Corp

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
5044 MORGAN AVE S MINNEAPOLIS MN 55419	DEBORAH THOMPSON REV TRUST	RESIDENTIAL	$681,600	40 ft
5032 MORGAN AVE S MINNEAPOLIS MN 55419	B K RUNDY TRUST	RESIDENTIAL	$730,100	80 ft
5048 MORGAN AVE S MINNEAPOLIS MN 55419	JOHN FILIPIAK & CARLY HANSON	RESIDENTIAL	$618,400	80 ft
5052 MORGAN AVE S MINNEAPOLIS MN 55419	P J BOLAN & N J B BOLAN	RESIDENTIAL	$678,000	120 ft
5026 MORGAN AVE S MINNEAPOLIS MN 55419	CRAIG A MACLEOD TRUST	RESIDENTIAL	$931,900	140 ft
5041 NEWTON AVE S MINNEAPOLIS MN 55419	G C & L G GIANOULIS TRUST	RESIDENTIAL-TWO UNIT	$858,300	146 ft
5037 NEWTON AVE S MINNEAPOLIS MN 55419	A BELLUS/M HOFF/R HOFF ETAL	RESIDENTIAL-TWO UNIT	$585,600	147 ft
5056 MORGAN AVE S MINNEAPOLIS MN 55419	K LARSON & J KAMMERMAN	RESIDENTIAL	$632,900	159 ft
5033 NEWTON AVE S MINNEAPOLIS MN 55419	K G & T K PFISTER	RESIDENTIAL	$593,300	163 ft

Property History

Most Recent Sale

Date202205

Price$822,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,006