3715 GRAND AVE S MINNEAPOLIS MN 55409

PID: 0302824330197

Property Overview

Parcel ID0302824330197

Lot Size7,300 sq ft (0.168 ac)

Lot Dimensions (est.)126 ft wide × 58 ft deep

Year Built1931

Property ClassAPARTMENT

OwnerGRAND S LLC

Assessed Value$1,266,000

Land Value$182,700

Building Value$1,083,300

Annual Tax$24,042

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width48 ft

Buildable depth86 ft

Area~4,119 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 4,119 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
3721 GRAND AVE S MINNEAPOLIS MN 55409	TEAM JORDE LLC	APARTMENT	$650,800	57 ft
3707 GRAND AVE S MINNEAPOLIS MN 55409	3707 LLC	APARTMENT	$1,473,000	60 ft
3723 GRAND AVE S MINNEAPOLIS MN 55409	K H MCNULTY & M B MCNULTY	RESIDENTIAL	$358,000	104 ft
3701 GRAND AVE S MINNEAPOLIS MN 55409	3701 GRAND AVE ASSOC CO-OP	COOPERATIVE HOUSING	$1,306,000	121 ft
3701 GRAND AVE S MINNEAPOLIS MN 55409	3701 GRAND ASSOCIATES CO-OP	COOPERATIVE HOUSING	$136,000	121 ft
3701 GRAND AVE S MINNEAPOLIS MN 55409	3701 GRAND ASSOCIATES CO-OP	COOPERATIVE HOUSING	$136,000	121 ft
3701 GRAND AVE S MINNEAPOLIS MN 55409	3701 GRAND ASSOCIATES CO-OP	COOPERATIVE HOUSING	$136,000	121 ft
3701 GRAND AVE S MINNEAPOLIS MN 55409	3701 GRAND ASSOCIATES CO-OP	COOPERATIVE HOUSING	$136,000	121 ft
3701 GRAND AVE S MINNEAPOLIS MN 55409	3701 GRAND ASSOCIATES CO-OP	COOPERATIVE HOUSING	$136,000	121 ft
3701 GRAND AVE S MINNEAPOLIS MN 55409	3701 GRAND ASSOCIATES CO-OP	COOPERATIVE HOUSING	$136,000	121 ft

Property History

Most Recent Sale

Date199208

Price$1

Type—

Current Tax Year

Year2026

Tax Due$24,042