5056 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824320071

Property Overview

Parcel ID1602824320071

Lot Size4,858 sq ft (0.112 ac)

Lot Dimensions (est.)129 ft wide × 38 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerK LARSON & J KAMMERMAN

Assessed Value$632,900

Land Value$342,000

Building Value$290,900

Annual Tax$10,225

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $135K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

4Front Energy Solutions Inc

ResDec 2020Closed

Versant Plumbing Co

ExistresOct 2020Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

AdditionOct 2020Closed

$135K

TREHUS BUILDERS INC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth0 ft

Area~2,194 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,194 sqft buildable area.

Est. units

Yield on cost

1.2%

Spread

-4.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5052 MORGAN AVE S MINNEAPOLIS MN 55419	P J BOLAN & N J B BOLAN	RESIDENTIAL	$678,000	39 ft
5048 MORGAN AVE S MINNEAPOLIS MN 55419	JOHN FILIPIAK & CARLY HANSON	RESIDENTIAL	$618,400	79 ft
5044 MORGAN AVE S MINNEAPOLIS MN 55419	DEBORAH THOMPSON REV TRUST	RESIDENTIAL	$681,600	119 ft
5057 NEWTON AVE S MINNEAPOLIS MN 55419	M MCCONVILLE/D CATAPANO TSTS	RESIDENTIAL	$887,500	141 ft
5053 NEWTON AVE S MINNEAPOLIS MN 55419	TODD P HANSEN	RESIDENTIAL	$508,000	147 ft
5040 MORGAN AVE S MINNEAPOLIS MN 55419	E J GLEASON & T L COBDEN III	RESIDENTIAL	$727,000	159 ft
5041 NEWTON AVE S MINNEAPOLIS MN 55419	G C & L G GIANOULIS TRUST	RESIDENTIAL-TWO UNIT	$858,300	185 ft
5057 MORGAN AVE S MINNEAPOLIS MN 55419	LINDA MARJORIE TILLITT	RESIDENTIAL	$635,400	188 ft
5053 MORGAN AVE S MINNEAPOLIS MN 55419	KATHERINE LAMB/COLIN GAUSE	RESIDENTIAL	$640,200	192 ft
5036 MORGAN AVE S MINNEAPOLIS MN 55419	LESLIE ANN LYTLE	RESIDENTIAL	$674,300	198 ft

Property History

Current Tax Year

Year2026

Tax Due$10,225