5437 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 2102824220018

Property Overview

Parcel ID2102824220018

Lot Size6,383 sq ft (0.147 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerKEVIN J & MARY C PALATTAO

Assessed Value$589,500

Land Value$207,000

Building Value$382,500

Annual Tax$9,404

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2007 · $104K total declared value · Most recent: Apr 2025 (existres)

ExistresApr 2025Inspection

Standard Heating and Air Conditioning Inc

ExistresDec 2020Closed

Standard Heating and Air Conditioning Inc

ResDec 2020Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

ResFeb 2018Closed

Welter and Blaylock Inc

RemodelFeb 2018Closed

$14K

PLEKKENPOL BUILDERS INC

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

Neighborhood Profile

Armatage · 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 width40 ft

Buildable depth88 ft

Area~3,505 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 3,505 sqft buildable area.

Est. units

Yield on cost

1.9%

Spread

-3.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5441 MORGAN AVE S MINNEAPOLIS MN 55419	R M LUNDEEN & C R RUBENSTEIN	RESIDENTIAL	$400,700	50 ft
5433 MORGAN AVE S MINNEAPOLIS MN 55419	LINDSEY & MATTHEW WILKENING	RESIDENTIAL	$495,300	50 ft
5445 MORGAN AVE S MINNEAPOLIS MN 55419	J A DUPAY & C L GREENBERG	RESIDENTIAL	$572,000	99 ft
5429 MORGAN AVE S MINNEAPOLIS MN 55419	JEFF GALBRAITH	RESIDENTIAL	$413,700	100 ft
5436 LOGAN AVE S MINNEAPOLIS MN 55419	KATHRYN RENE NYGAARD TRUSTEE	RESIDENTIAL	$470,400	141 ft
5432 LOGAN AVE S MINNEAPOLIS MN 55419	M M BONA & A C COX	RESIDENTIAL	$485,500	150 ft
5440 LOGAN AVE S MINNEAPOLIS MN 55419	MARY S DOYLE	RESIDENTIAL	$369,600	150 ft
5425 MORGAN AVE S MINNEAPOLIS MN 55419	JOHN B HEBIG	RESIDENTIAL	$419,900	150 ft
5444 LOGAN AVE S MINNEAPOLIS MN 55419	S J WEGNER & J C WEGNER	RESIDENTIAL	$431,400	172 ft
5428 LOGAN AVE S MINNEAPOLIS MN 55419	BENJAMIN DUPAY/MARTHA BAKER	RESIDENTIAL	$425,800	173 ft

Property History

Most Recent Sale

Date199405

Price$140,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,404