5401 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 2102824220027

Property Overview

Parcel ID2102824220027

Lot Size6,026 sq ft (0.138 ac)

Lot Dimensions (est.)127 ft wide × 47 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerC L COLBY & M R OLSON

Assessed Value$454,900

Land Value$194,000

Building Value$260,900

Annual Tax$7,248

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $88K total declared value · Most recent: May 2025 (res)

ResMay 2025Inspection

Warners Stellian Co Inc

ExistresJan 2025Closed

Warners Stellian Co Inc

ResAug 2024Closed

Metro Heating & Cooling LLC

ExistresAug 2024Closed

Metro Heating & Cooling LLC

RemodelApr 2024Inspection

$88K

PHEASANT RUN CONSTRUCTION LLC

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

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 width114 ft

Buildable depth7 ft

Area~2,998 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 2,998 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
5405 MORGAN AVE S MINNEAPOLIS MN 55419	K PERKINS & K PERKINS	RESIDENTIAL	$515,400	49 ft
5409 MORGAN AVE S MINNEAPOLIS MN 55419	D G DUEPNER & B A BAHR	RESIDENTIAL	$459,500	99 ft
5400 LOGAN AVE S MINNEAPOLIS MN 55419	KATHLEEN JACKSON	RESIDENTIAL	$435,300	141 ft
5404 LOGAN AVE S MINNEAPOLIS MN 55419	MICHAEL RYAN & TAYLOR RYAN	RESIDENTIAL	$461,100	149 ft
5413 MORGAN AVE S MINNEAPOLIS MN 55419	TIMOTHY RIVERA-MYERS ET AL	RESIDENTIAL	$385,400	149 ft
1918 54TH ST W MINNEAPOLIS MN 55419	VICKY JENKINS	RESIDENTIAL	$463,600	151 ft
1922 54TH ST W MINNEAPOLIS MN 55419	MARK ALAN YOUNT	RESIDENTIAL	$556,800	154 ft
1912 54TH ST W MINNEAPOLIS MN 55419	DAVID QUINN/ANUJA BOSE	RESIDENTIAL	$516,900	165 ft
5408 LOGAN AVE S MINNEAPOLIS MN 55419	J CASTANEDA & M K CASTANEDA	RESIDENTIAL	$431,500	172 ft
5400 MORGAN AVE S MINNEAPOLIS MN 55419	ZACHARY MADSON/MOLLY MADSON	RESIDENTIAL	$451,200	187 ft

Property History

Most Recent Sale

Date201107

Price$327,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,248