3656 GRAND AVE S MINNEAPOLIS MN 55409

PID: 0302824330168

Property Overview

Parcel ID0302824330168

Lot Size9,663 sq ft (0.222 ac)

Lot Dimensions (est.)131 ft wide × 74 ft deep

Year Built1950

Property ClassAPARTMENT

OwnerTHOMAS R LARSEN TRUST ET AL

Assessed Value$1,075,500

Land Value$240,500

Building Value$835,000

Annual Tax$20,425

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

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width118 ft

Buildable depth34 ft

Area~5,523 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 5,523 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
3648 GRAND AVE S MINNEAPOLIS MN 55409	DEBRA A RADTKE	RESIDENTIAL	$317,600	57 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	L A P ZAMBRANO/A L P NARANJO	CONDOMINIUM	$131,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	ION MIHAILA	CONDOMINIUM	$100,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	THERESA K MCHUGH	CONDOMINIUM	$138,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	PAULA MCHUGH	CONDOMINIUM	$130,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	PAULA JEAN MCHUGH	CONDOMINIUM	$135,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	ERIC R SIMPKINS	CONDOMINIUM	$135,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	SALLY A ABLEITNER	CONDOMINIUM	$139,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	PAULA MCHUGH	CONDOMINIUM	$137,000	117 ft
3636 GRAND AVE S MINNEAPOLIS MN 55409	PAULA JEAN MCHUGH	CONDOMINIUM	$136,000	117 ft

Property History

Most Recent Sale

Date197510

Price$125,000

Type—

Current Tax Year

Year2026

Tax Due$20,425