3510 GRAND AVE S MINNEAPOLIS MN 55408

PID: 0302824320125

Property Overview

Parcel ID0302824320125

Lot Size5,848 sq ft (0.134 ac)

Lot Dimensions (est.)130 ft wide × 45 ft deep

Year Built1912

Property ClassAPARTMENT

OwnerEMILY K COOPER

Assessed Value$511,000

Land Value$36,300

Building Value$91,500

Annual Tax$9,187

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

1 permit on record since 2022 · $12K total declared value · Most recent: Aug 2022 (roofwind)

RoofwindAug 2022Closed

$12K

One Nation Exteriors 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 depth90 ft

Area~3,147 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 3,147 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
3506 GRAND AVE S MINNEAPOLIS MN 55408	J AND D APARTMENTS LLC	RESIDENTIAL-TWO UNIT	$384,300	44 ft
3514 GRAND AVE S MINNEAPOLIS MN 55408	AVENUE GRAND LLC	TRIPLEX	$772,400	45 ft
3502 GRAND AVE S MINNEAPOLIS MN 55408	ISA MARIE CARLINI	RESIDENTIAL	$249,900	90 ft
411 35TH ST W MINNEAPOLIS MN 55408	T J NELSON & A J NELSON	RESIDENTIAL	$285,400	103 ft
3520 GRAND AVE S MINNEAPOLIS MN 55408	D&G 3520 LLC	APARTMENT	$2,008,000	112 ft
3500 GRAND AVE S MINNEAPOLIS MN 55408	MATTHEW AHART/ALEXIA MALAGA	RESIDENTIAL	$280,700	124 ft
3511 HARRIET AVE MINNEAPOLIS MN 55408	KARL W JORGENSON	APARTMENT	$669,000	142 ft
415 35TH ST W MINNEAPOLIS MN 55408	JULIE L NORTH	RESIDENTIAL	$264,200	142 ft
3507 HARRIET AVE MINNEAPOLIS MN 55408	SHERENE JUDEH	RESIDENTIAL	$332,100	148 ft
3515 HARRIET AVE MINNEAPOLIS MN 55408	THOMAS SCOTT & LEAH L NELSON	RESIDENTIAL	$305,500	149 ft

Property History

Most Recent Sale

Date200312

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,187