1705 MORGAN AVE S MINNEAPOLIS MN 55405

PID: 2802924320037

Property Overview

Parcel ID2802924320037

Lot Size6,750 sq ft (0.155 ac)

Lot Dimensions (est.)135 ft wide × 50 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerW E SCHWIE & T SCHWIE

Assessed Value$1,367,000

Land Value$360,000

Building Value$1,007,000

Annual Tax$24,113

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2003 · $276K total declared value · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

MiscAug 2019Closed

$24K

GARLOCK FRENCH ROOFING

ResFeb 2019Closed

DINIUS PLUMBING CO INC

ResJan 2019Closed

Master Gas Fitters Inc

ResDec 2018Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

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

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

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 depth95 ft

Area~3,799 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 3,799 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1709 MORGAN AVE S MINNEAPOLIS MN 55405	L J MACGIBBON CONROY REV TRU	RESIDENTIAL	$933,700	50 ft
1919 MOUNT CURVE AVE MINNEAPOLIS MN 55403	ROBERT HEILIG & DIANA HEILIG	RESIDENTIAL	$1,203,000	50 ft
1715 MORGAN AVE S MINNEAPOLIS MN 55405	C W GOULD & G M KVENVOLD	RESIDENTIAL	$1,475,800	100 ft
1903 MOUNT CURVE AVE MINNEAPOLIS MN 55403	W C REYELTS & M L B REYELTS	RESIDENTIAL	$2,673,000	135 ft
1717 MORGAN AVE S MINNEAPOLIS MN 55405	J E HEASLEY REVOCABLE TRUST	RESIDENTIAL	$890,500	150 ft
1710 LOGAN AVE S MINNEAPOLIS MN 55403	D J BRUGGEMAN/R K BRUGGEMAN	RESIDENTIAL	$1,367,200	161 ft
1721 MORGAN AVE S MINNEAPOLIS MN 55405	JAMES MAYER & ROCHELLE GUNN	RESIDENTIAL	$1,032,000	200 ft
1718 LOGAN AVE S MINNEAPOLIS MN 55403	LAUREL DONALDSON ULLAND	RESIDENTIAL	$815,000	202 ft
1916 MOUNT CURVE AVE MINNEAPOLIS MN 55403	GARY P BENNETT REV TRUST	RESIDENTIAL	$1,625,000	230 ft
1720 LOGAN AVE S MINNEAPOLIS MN 55403	N J PEARCE & S B PEARCE	RESIDENTIAL	$932,000	241 ft

Property History

Most Recent Sale

Date202504

Price$1,422,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$24,113