5001 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 1602824320109

Property Overview

Parcel ID1602824320109

Lot Size5,109 sq ft (0.117 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerJOHN R ANDERSON

Assessed Value$491,000

Land Value$233,000

Building Value$258,000

Annual Tax$7,538

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $15K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$15K

PINEVIEW BUILDERS INC

ResApr 2018Closed

CenterPoint Energy Resource Corp

ResMar 2017Closed

Linn Star Transfer 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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~2,193 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 small multifamily (2–4 units, wood frame) benchmarks for 2,193 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5005 MORGAN AVE S MINNEAPOLIS MN 55419	J JUSTIN & HEATHER JUSTIN	RESIDENTIAL	$585,900	40 ft
5009 MORGAN AVE S MINNEAPOLIS MN 55419	M A STOCKNESS/C J STOCKNESS	RESIDENTIAL	$608,100	80 ft
5013 MORGAN AVE S MINNEAPOLIS MN 55419	RYAN FURLONG/DERECK FURLONG	RESIDENTIAL	$949,300	120 ft
4955 MORGAN AVE S MINNEAPOLIS MN 55419	VICKI L SOMMERS TRUST	RESIDENTIAL	$611,000	123 ft
5000 LOGAN AVE S MINNEAPOLIS MN 55419	PANDA RUSS LLP	RESIDENTIAL-TWO UNIT	$537,000	140 ft
5004 LOGAN AVE S MINNEAPOLIS MN 55419	BEYA LEORA	RESIDENTIAL-TWO UNIT	$633,500	146 ft
5017 MORGAN AVE S MINNEAPOLIS MN 55419	E P CARR & D P CARR	RESIDENTIAL	$1,027,900	159 ft
5008 LOGAN AVE S MINNEAPOLIS MN 55419	5008 LOGAN LLC	RESIDENTIAL	$467,700	161 ft
4956 LOGAN AVE S MINNEAPOLIS MN 55419	M H & D S GULLIFORD	RESIDENTIAL	$573,800	175 ft
4949 MORGAN AVE S MINNEAPOLIS MN 55419	SEAN MAIERS & KRISTEN LEASE	RESIDENTIAL	$704,800	183 ft

Property History

Most Recent Sale

Date201706

Price$382,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,538