460 MORGAN AVE S MINNEAPOLIS MN 55405

PID: 2802924230023

Property Overview

Parcel ID2802924230023

Lot Size8,660 sq ft (0.199 ac)

Lot Dimensions (est.)192 ft wide × 45 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerPETER LOEFFLER

Assessed Value$468,500

Land Value$265,000

Building Value$203,500

Annual Tax$7,159

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $101K total declared value · Most recent: Nov 2022 (misc)

MiscNov 2022Closed

$20K

CLEAR POINT CONSTRUCTION INC

RemodelSep 2022Closed

$500

RENOVATE REMODELING

MiscAug 2022Closed

$30K

CLEAR POINT CONSTRUCTION INC

MiscMay 2022Closed

$49K

RENEWAL BY ANDERSEN CORP

ResApr 2018Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width40 ft

Buildable depth133 ft

Area~5,245 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 5,245 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
456 MORGAN AVE S MINNEAPOLIS MN 55405	ANNA T BERGMAN	RESIDENTIAL	$510,600	39 ft
602 MORGAN AVE S MINNEAPOLIS MN 55405	CRISTINA SEIM/NATHAN SEIM	RESIDENTIAL	$496,200	39 ft
604 MORGAN AVE S MINNEAPOLIS MN 55405	A C NORRIS & E V NORRIS	RESIDENTIAL	$459,100	77 ft
452 MORGAN AVE S MINNEAPOLIS MN 55405	MATTHEW BENYO & K SHERMAN	RESIDENTIAL-TWO UNIT	$542,300	83 ft
608 MORGAN AVE S MINNEAPOLIS MN 55405	G W EDWARDS & S W EMERSON	RESIDENTIAL	$523,500	119 ft
448 MORGAN AVE S MINNEAPOLIS MN 55405	ISAAC DAYTON	RESIDENTIAL-TWO UNIT	$785,800	133 ft
612 MORGAN AVE S MINNEAPOLIS MN 55405	B J HEIKES & R HEIKES	RESIDENTIAL	$560,100	167 ft
444 MORGAN AVE S MINNEAPOLIS MN 55405	G J FAUCHER & C M FAUCHER	RESIDENTIAL	$521,300	183 ft
441 NEWTON AVE S MINNEAPOLIS MN 55405	R A BAUER & R A BAUER	RESIDENTIAL	$489,700	205 ft
447 NEWTON AVE S MINNEAPOLIS MN 55405	G J SKEDSVOLD & M P HENRY	RESIDENTIAL	$635,000	206 ft

Property History

Most Recent Sale

Date201804

Price$298,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,159