3538 GRAND AVE S MINNEAPOLIS MN 55408

PID: 0302824320189

Property Overview

Parcel ID0302824320189

Lot Size6,572 sq ft (0.151 ac)

Lot Dimensions (est.)130 ft wide × 51 ft deep

Year Built1930

Property ClassAPARTMENT

OwnerGRAND S APTS LLC ET AL

Assessed Value$1,029,000

Land Value$162,500

Building Value$866,500

Annual Tax$19,542

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 2017 · $26K total declared value · Most recent: Aug 2017 (roofwind)

RoofwindAug 2017Expired

$26K

ADVANCED ROOFING SOLUTIONS 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 width41 ft

Buildable depth89 ft

Area~3,648 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 3,648 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3534 GRAND AVE S MINNEAPOLIS MN 55408	GRAND S APTS LLC ET AL	APARTMENT	$1,306,000	58 ft
3546 GRAND AVE S MINNEAPOLIS MN 55408	TRAN JASON MUEHLER ET AL	RESIDENTIAL-TWO UNIT	$997,000	77 ft
408 36TH ST W MINNEAPOLIS MN 55408	D A BRANDT & C D BRANDT	LOW INCOME RENTAL	$558,000	108 ft
3526 GRAND AVE S MINNEAPOLIS MN 55408	GRAND APARTMENTS LLC	APARTMENT	$1,306,000	122 ft
3539 HARRIET AVE MINNEAPOLIS MN 55408	B C ENGELS & E-S CABRAL	RESIDENTIAL	$407,600	142 ft
3535 HARRIET AVE MINNEAPOLIS MN 55408	SEAN GERVAIS	RESIDENTIAL-TWO UNIT	$593,200	147 ft
3543 HARRIET AVE MINNEAPOLIS MN 55408	PAULA M KASHTAN	RESIDENTIAL	$425,400	148 ft
3547 HARRIET AVE MINNEAPOLIS MN 55408	KATHLEEN JURICH	RESIDENTIAL	$370,600	166 ft
MN	Unknown	—	—	166 ft
MN	Unknown	—	—	166 ft

Property History

Most Recent Sale

Date201909

Price$2,990,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$19,542