3742 GRAND AVE S MINNEAPOLIS MN 55409

PID: 0302824330106

Property Overview

Parcel ID0302824330106

Lot Size5,244 sq ft (0.120 ac)

Lot Dimensions (est.)131 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerM MAZANET & E CARLISLE

Assessed Value$566,000

Land Value$173,000

Building Value$393,000

Annual Tax$8,994

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $42K total declared value · Most recent: Jan 2019 (res)

ResJan 2019Closed

Johnson Plumbing and Heating Co

RemodelJan 2019Closed

$42K

JOHN BERG CONSTRUCTION INC

ResOct 2018Closed

BENJAMIN FRANKLIN PLUMBING

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

Neighborhood Profile

King Field · 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 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth91 ft

Area~2,732 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 2,732 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3738 GRAND AVE S MINNEAPOLIS MN 55409	BENJAMIN ELI RUIZ	RESIDENTIAL-TWO UNIT	$410,100	40 ft
3748 GRAND AVE S MINNEAPOLIS MN 55409	ERIKA K OLSON ET AL	RESIDENTIAL	$405,800	40 ft
3734 GRAND AVE S MINNEAPOLIS MN 55409	JEFFREY G JOHNSON	RESIDENTIAL-TWO UNIT	$484,500	80 ft
3752 GRAND AVE S MINNEAPOLIS MN 55409	JAKOB J ERICKSON	RESIDENTIAL	$363,400	80 ft
3730 GRAND AVE S MINNEAPOLIS MN 55409	D A WINDERS & L A JOHNSON	TRIPLEX	$502,400	120 ft
3756 GRAND AVE S MINNEAPOLIS MN 55409	NIKI MU REAL ESTATE LLC	COMMERCIAL-PREFERRED	$245,000	123 ft
410 38TH ST W MINNEAPOLIS MN 55409	NIKI MU REAL ESTATE LLC	COMMERCIAL-PREFERRED	$207,000	126 ft
3741 HARRIET AVE MINNEAPOLIS MN 55409	HAALAND FAM MINNEAPOLIS LLC	APARTMENT	$650,800	144 ft
3745 HARRIET AVE MINNEAPOLIS MN 55409	TAGSTROM PROPERTIES LLC	CONDOMINIUM	$178,900	146 ft
3745 HARRIET AVE MINNEAPOLIS MN 55409	ARECA ROE & KARL ROE	CONDOMINIUM	$204,900	146 ft

Property History

Most Recent Sale

Date202309

Price$595,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,994