3539 GRAND AVE S MINNEAPOLIS MN 55408

PID: 0302824320328

Property Overview

Parcel ID0302824320328

Lot Size15,541 sq ft (0.357 ac)

Lot Dimensions (est.)125 ft wide × 124 ft deep

Year Built2016

Property ClassAPARTMENT

Owner3535 LLC

Assessed Value$4,748,000

Land Value$388,400

Building Value$4,359,600

Annual Tax$91,223

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

No permits found in Minneapolis open data for this parcel.

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 width114 ft

Buildable depth85 ft

Area~9,713 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 9,713 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
3531 GRAND AVE S MINNEAPOLIS MN 55408	C MOTURI & D MOTURI	RESIDENTIAL	$375,900	86 ft
3547 GRAND AVE S MINNEAPOLIS MN 55408	3547 GRAND LLC	APARTMENT	$1,130,000	103 ft
3527 GRAND AVE S MINNEAPOLIS MN 55408	J & D 11-93 LTD PTRNSHP	VACANT LAND-APARTMENT	$56,300	119 ft
3527 GRAND AVE S MINNEAPOLIS MN 55408	SUPER INVESTMENTS LLC	APARTMENT	$0	130 ft
3538 PLEASANT AVE MINNEAPOLIS MN 55408	JENNIFER MCFADYEN TRUST	TRIPLEX	$604,900	137 ft
3534 PLEASANT AVE MINNEAPOLIS MN 55408	C M MEGARRY & A NEWCOMBE	RESIDENTIAL-TWO UNIT	$511,700	143 ft
3542 PLEASANT AVE MINNEAPOLIS MN 55408	MARK KRAUS	RESIDENTIAL	$294,100	145 ft
3546 PLEASANT AVE MINNEAPOLIS MN 55408	A ANDERSON & S GRAALUM	RESIDENTIAL	$421,100	162 ft
3523 GRAND AVE S MINNEAPOLIS MN 55408	FIRST HOLDINGS LLC	APARTMENT	$960,000	175 ft
3528 PLEASANT AVE MINNEAPOLIS MN 55408	J & D 11-93 LTD PTRNSHP	APARTMENT	$1,603,000	175 ft

Property History

Current Tax Year

Year2026

Tax Due$91,223