718 MORGAN AVE N MINNEAPOLIS MN 55411

PID: 2102924230018

Property Overview

Parcel ID2102924230018

Lot Size5,345 sq ft (0.123 ac)

Lot Dimensions (est.)127 ft wide × 42 ft deep

Year Built1924

Property ClassRESIDENTIAL-TWO UNIT

OwnerRICKY C PRUITT

Assessed Value$314,700

Land Value$16,000

Building Value$298,700

Annual Tax$5,977

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2024 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

Bredahl Plumbing Inc

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

Neighborhood Profile

Near - North · Minneapolis

Median reported rent1,064/mo

Renter-occupied53.6%

Median home value$230K

Vacancy rate9.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 33

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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 width32 ft

Buildable depth87 ft

Area~2,792 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 2,792 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
714 MORGAN AVE N MINNEAPOLIS MN 55411	M Z BONETE & J YAURINCELA	RESIDENTIAL	$308,000	42 ft
722 MORGAN AVE N MINNEAPOLIS MN 55411	MINNESOTA HOUSING CORP	RESIDENTIAL	$130,300	42 ft
710 MORGAN AVE N MINNEAPOLIS MN 55411	HENNEPIN FORFEITED LAND	RESIDENTIAL-TWO UNIT	$342,800	84 ft
726 MORGAN AVE N MINNEAPOLIS MN 55411	BROADWAY AVENUE LLC	LOW INCOME RENTAL	$251,200	84 ft
706 MORGAN AVE N MINNEAPOLIS MN 55411	NEW OIL CHRISTIAN CENTER	RESIDENTIAL	$0	126 ft
723 LOGAN AVE N MINNEAPOLIS MN 55411	CHERYL L WILLIAMS	RESIDENTIAL	$178,700	145 ft
715 LOGAN AVE N MINNEAPOLIS MN 55411	REALTY PROS LLC	RESIDENTIAL	$270,900	145 ft
727 LOGAN AVE N MINNEAPOLIS MN 55411	LEOPOLDO HERNANDEZ DOMINGUEZ	RESIDENTIAL-TWO UNIT	$345,200	162 ft
700 MORGAN AVE N MINNEAPOLIS MN 55411	AKY GROUP LLC	RESIDENTIAL	$335,800	168 ft
800 MORGAN AVE N MINNEAPOLIS MN 55411	JOSE ANTONIO ARANDA	RESIDENTIAL	$204,700	186 ft

Property History

Most Recent Sale

Date200110

Price$50,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,977