5025 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824320104

Property Overview

Parcel ID1602824320104

Lot Size5,107 sq ft (0.117 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerJ J LEESON & R C LIVSEY

Assessed Value$568,000

Land Value$295,000

Building Value$273,000

Annual Tax$8,997

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2006 · $18K total declared value · Most recent: Mar 2024 (remodel)

RemodelMar 2024Closed

$12K

HOMECARE REMODELING

ResAug 2023Closed

Southtown Plumbing Inc

ResDec 2018Closed

Warners Stellian Co Inc

ResApr 2018Closed

CenterPoint Energy Resource Corp

Building Re-inspectionFeb 2006

$6K

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

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 depth88 ft

Area~2,630 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 2,630 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5029 MORGAN AVE S MINNEAPOLIS MN 55419	J JUREK & J JUREK	RESIDENTIAL	$834,200	40 ft
5021 MORGAN AVE S MINNEAPOLIS MN 55419	MELISSA MARIE BREYEN	RESIDENTIAL	$646,200	40 ft
5033 MORGAN AVE S MINNEAPOLIS MN 55419	CHRISTINA RATES/IAN M RATES	RESIDENTIAL	$544,600	80 ft
5017 MORGAN AVE S MINNEAPOLIS MN 55419	E P CARR & D P CARR	RESIDENTIAL	$1,027,900	80 ft
5037 MORGAN AVE S MINNEAPOLIS MN 55419	MONIQUE GABRIELLE ROSS	RESIDENTIAL	$605,500	120 ft
5013 MORGAN AVE S MINNEAPOLIS MN 55419	RYAN FURLONG/DERECK FURLONG	RESIDENTIAL	$949,300	120 ft
5024 LOGAN AVE S MINNEAPOLIS MN 55419	LYNN E LORIMOR	RESIDENTIAL	$594,200	140 ft
5020 LOGAN AVE S MINNEAPOLIS MN 55419	DALE A SHORES	RESIDENTIAL	$682,800	146 ft
5028 LOGAN AVE S MINNEAPOLIS MN 55419	ANNE L BALLARD TRUST	RESIDENTIAL	$553,100	146 ft
5041 MORGAN AVE S MINNEAPOLIS MN 55419	B A PEDERSON & S M CRACRAFT	RESIDENTIAL	$594,200	160 ft

Property History

Most Recent Sale

Date201610

Price$470,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,997