3431 GRAND AVE S MINNEAPOLIS MN 55408

PID: 0302824320106

Property Overview

Parcel ID0302824320106

Lot Size5,615 sq ft (0.129 ac)

Lot Dimensions (est.)125 ft wide × 45 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerBRET ZIMMERMAN

Assessed Value$257,000

Land Value$138,000

Building Value$119,000

Annual Tax$4,059

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $6K total declared value · Most recent: Oct 2024 (existres)

ExistresOct 2024Closed

Home Energy Center Inc

MiscAug 2023Closed

$6K

ASHTON MCGEE RESTORATION GROUP LLC

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

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,194/mo

Renter-occupied53.6%

Median home value$326K

Vacancy rate10.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1093

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 width35 ft

Buildable depth85 ft

Area~2,966 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 2,966 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
3435 GRAND AVE S MINNEAPOLIS MN 55408	D W B YODER & C J KUCHARSKI	RESIDENTIAL	$402,700	45 ft
3427 GRAND AVE S MINNEAPOLIS MN 55408	ANTHONY LANG & LISA LANG	RESIDENTIAL	$306,500	45 ft
3439 GRAND AVE S MINNEAPOLIS MN 55408	ERIK R BERGLING	RESIDENTIAL	$408,100	88 ft
3423 GRAND AVE S MINNEAPOLIS MN 55408	C L SORENSON & B J HASKELL	RESIDENTIAL	$380,600	90 ft
3443 GRAND AVE S MINNEAPOLIS MN 55408	A R SHAHRIARI/M F JOY ET AL	RESIDENTIAL	$383,300	128 ft
3419 GRAND AVE S MINNEAPOLIS MN 55408	AFFORDABLE GREEN HOMES LLC	RESIDENTIAL-TWO UNIT	$407,000	135 ft
3430 PLEASANT AVE MINNEAPOLIS MN 55408	S A O'CONNOR & J L GOHMAN	RESIDENTIAL-TWO UNIT	$497,000	136 ft
3436 PLEASANT AVE MINNEAPOLIS MN 55408	M T DWIGHT & G E BRITO	RESIDENTIAL-TWO UNIT	$497,700	143 ft
3426 PLEASANT AVE MINNEAPOLIS MN 55408	J BALFOUR & A HARTMAN	RESIDENTIAL-TWO UNIT	$528,900	144 ft
3438 PLEASANT AVE MINNEAPOLIS MN 55408	V SINGH & A K SINGH	RESIDENTIAL-TWO UNIT	$385,400	163 ft

Property History

Most Recent Sale

Date201907

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,059