3304 GRAND AVE S MINNEAPOLIS MN 55408

PID: 0302824230143

Property Overview

Parcel ID0302824230143

Lot Size5,505 sq ft (0.126 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerR WHITEHOUSE ET AL SUB/L E

Assessed Value$335,600

Land Value$137,000

Building Value$198,600

Annual Tax$5,151

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

2 permits on record since 2022 · $6K total declared value · Most recent: Oct 2024 (existres)

ExistresOct 2024Closed

Blue Yeti Services LLC

MiscMay 2022Closed

$6K

Bison Builders Inc

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

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,022/mo

Renter-occupied73.1%

Median home value$318K

Vacancy rate5.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 82

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width33 ft

Buildable depth88 ft

Area~2,908 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 2,908 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3300 GRAND AVE S MINNEAPOLIS MN 55408	WEST EDGE INVESTMENTS LLC	TRIPLEX	$343,100	43 ft
3308 GRAND AVE S MINNEAPOLIS MN 55408	OLIVIA LAUREN ABBOTT	CONDOMINIUM	$146,600	43 ft
3308 GRAND AVE S MINNEAPOLIS MN 55408	KATIE LOEFFLER	CONDOMINIUM	$142,500	43 ft
3308 GRAND AVE S MINNEAPOLIS MN 55408	MICHAEL THOMPSON	CONDOMINIUM	$140,400	43 ft
3308 GRAND AVE S MINNEAPOLIS MN 55408	CHLOE WHITTEN	CONDOMINIUM	$169,500	43 ft
MN	Unknown	—	—	43 ft
3312 GRAND AVE S MINNEAPOLIS MN 55408	LISA G MENDENHALL	RESIDENTIAL	$320,300	85 ft
411 33RD ST W MINNEAPOLIS MN 55408	ADAM ERIC FUNKENBUSCH	RESIDENTIAL	$376,100	99 ft
3252 GRAND AVE S MINNEAPOLIS MN 55408	3252 GRAND LLC	APARTMENT	$539,200	147 ft
3309 HARRIET AVE MINNEAPOLIS MN 55408	H W & C P NORDSTROM	RESIDENTIAL	$428,400	148 ft

Property History

Current Tax Year

Year2026

Tax Due$5,151