3700 GRAND AVE S MINNEAPOLIS MN 55409

PID: 0302824330210

Property Overview

Parcel ID0302824330210

Lot Size9,208 sq ft (0.211 ac)

Lot Dimensions (est.)131 ft wide × 70 ft deep

Year Built1960

Property ClassAPARTMENT

OwnerLASKY HLDGS-3700 GR LLC ETAL

Assessed Value$2,264,500

Land Value$227,500

Building Value$2,037,000

Annual Tax$43,185

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

3 permits on record since 2022 · $62K total declared value · Most recent: May 2022 (comnofdbv)

ComnofdbvMay 2022Closed

Warners Stellian Co Inc

RoofwindApr 2022Closed

$18K

QUALITY TRUSTED COMMERCIAL CONSTRUCTION & ROOFING

RoofwindFeb 2022Closed

$44K

QUALITY TRUSTED COMMERCIAL CONSTRUCTION & ROOFING

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$442K+20.2% YoY

Median price / sqft$259/sqft

Median days to close18 days

Active listings25

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 depth30 ft

Area~5,208 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 5,208 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3706 GRAND AVE S MINNEAPOLIS MN 55409	KELSEY RUTH JOHNSON	CONDOMINIUM	$227,800	65 ft
3706 GRAND AVE S MINNEAPOLIS MN 55409	LAURI ANN WEICKERT	CONDOMINIUM	$216,300	65 ft
3706 GRAND AVE S MINNEAPOLIS MN 55409	DAVID KERNS JR/SHERRA KERNS	CONDOMINIUM	$224,600	65 ft
3706 GRAND AVE S MINNEAPOLIS MN 55409	VANI RAMAKRISHNAN	CONDOMINIUM	$221,500	65 ft
MN	Unknown	—	—	65 ft
3714 GRAND AVE S MINNEAPOLIS MN 55409	GRAND AVE RENTALS LLC	APARTMENT	$777,000	125 ft
3656 GRAND AVE S MINNEAPOLIS MN 55409	THOMAS R LARSEN TRUST ET AL	APARTMENT	$1,075,500	132 ft
3701 HARRIET AVE MINNEAPOLIS MN 55409	RICHARD G MACDONALD	RESIDENTIAL	$326,300	143 ft
3705 HARRIET AVE MINNEAPOLIS MN 55409	M E KOSCIOLEK & M A LAUBACH	RESIDENTIAL	$386,400	144 ft
3707 HARRIET AVE MINNEAPOLIS MN 55409	D M & K H MOTZENBECKER	RESIDENTIAL	$557,000	153 ft

Property History

Most Recent Sale

Date202201

Price$2,703,533

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$43,185