3729 GRAND AVE S MINNEAPOLIS MN 55409

PID: 0302824330133

Property Overview

Parcel ID0302824330133

Lot Size5,040 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerERIK UNDERWOOD/MARIJA JOZIC

Assessed Value$468,900

Land Value$169,000

Building Value$299,900

Annual Tax$7,259

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $34K total declared value · Most recent: Jun 2017 (misc)

MiscJun 2017Closed

$20K

Sabar Ali Abdulrahman

RemodelMay 2017Closed

$2K

Sabar Ali Abdulrahman

ResMay 2017Closed

AAirgate Heating and AC Inc

ResMay 2017Closed

ARNOLD BING PLUMBING INC

ExistresMay 2017Closed

AAirgate Heating and AC Inc

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

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 width30 ft

Buildable depth86 ft

Area~2,579 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 2,579 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3731 GRAND AVE S MINNEAPOLIS MN 55409	BRIGHT BLUE EYES LLC	RESIDENTIAL	$411,300	40 ft
3723 GRAND AVE S MINNEAPOLIS MN 55409	K H MCNULTY & M B MCNULTY	RESIDENTIAL	$358,000	40 ft
3737 GRAND AVE S MINNEAPOLIS MN 55409	GISELLE RESTREPO ET AL	RESIDENTIAL	$384,400	80 ft
3721 GRAND AVE S MINNEAPOLIS MN 55409	TEAM JORDE LLC	APARTMENT	$650,800	88 ft
3741 GRAND AVE S MINNEAPOLIS MN 55409	S J HUOT & K L MAIERS-HUOT	RESIDENTIAL	$383,300	120 ft
3726 PLEASANT AVE MINNEAPOLIS MN 55409	DAN YOST & MONICA YOST	RESIDENTIAL	$479,200	137 ft
3730 PLEASANT AVE MINNEAPOLIS MN 55409	R PEREIRA JR & W PEREIRA	RESIDENTIAL	$516,400	143 ft
3722 PLEASANT AVE MINNEAPOLIS MN 55409	CAROL EDITH BARNETT	RESIDENTIAL	$423,700	144 ft
3715 GRAND AVE S MINNEAPOLIS MN 55409	GRAND S LLC	APARTMENT	$1,266,000	144 ft
3734 PLEASANT AVE MINNEAPOLIS MN 55409	M J BERGREN & M R BERGREN	RESIDENTIAL	$454,700	158 ft

Property History

Most Recent Sale

Date202306

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,259