5400 MORGAN AVE S MINNEAPOLIS MN 55419

PID: 2102824220028

Property Overview

Parcel ID2102824220028

Lot Size6,015 sq ft (0.138 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerZACHARY MADSON/MOLLY MADSON

Assessed Value$451,200

Land Value$193,000

Building Value$258,200

Annual Tax$7,093

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · $18K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$18K

REROOF AMERICA CORP

ResAug 2018Closed

Master Plumbing Services 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~2,990 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 2,990 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
5404 MORGAN AVE S MINNEAPOLIS MN 55419	K G LOCKE & A L NORRIS	RESIDENTIAL	$499,400	49 ft
5408 MORGAN AVE S MINNEAPOLIS MN 55419	A M GONZALEZ & H M GONZALEZ	RESIDENTIAL	$468,100	98 ft
5401 NEWTON AVE S MINNEAPOLIS MN 55419	A M ZAPATA-PALMER ET AL	RESIDENTIAL	$412,800	141 ft
5412 MORGAN AVE S MINNEAPOLIS MN 55419	ANNIKKA WILSON/PETER WILSON	RESIDENTIAL	$473,900	148 ft
5405 NEWTON AVE S MINNEAPOLIS MN 55419	JANE E LANSING REV TRUST	RESIDENTIAL	$633,000	149 ft
2006 54TH ST W MINNEAPOLIS MN 55419	A B RAUN & C A CONNOLLY	RESIDENTIAL	$446,800	161 ft
2000 54TH ST W MINNEAPOLIS MN 55419	M G PLOWMAN & L E C PLOWMAN	RESIDENTIAL	$508,800	164 ft
5409 NEWTON AVE S MINNEAPOLIS MN 55419	D D BELINA & R J BELINA	RESIDENTIAL	$427,000	172 ft
2010 54TH ST W MINNEAPOLIS MN 55419	R D SHINAR & B ASHMORE	RESIDENTIAL	$462,000	173 ft
5401 MORGAN AVE S MINNEAPOLIS MN 55419	C L COLBY & M R OLSON	RESIDENTIAL	$454,900	187 ft

Property History

Most Recent Sale

Date202009

Price$475,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,093