Property Overview

Parcel ID0402724420002

Lot Size80,682 sq ft (1.852 ac)

Lot Dimensions (est.)356 ft wide × 227 ft deep

Year Built1962

Property ClassAPARTMENT

OwnerMARCIA A GRAPP

Assessed Value$3,208,400

Land Value$580,000

Building Value$2,628,400

Annual Tax$53,905

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

Minneapolis

Median reported rent1,054/mo

Renter-occupied43.6%

Median home value$277K

Vacancy rate4.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1255

Market Snapshot

Zip code 55420

Median sale price$345K-2.3% YoY

Median price / sqft$195/sqft

Median days to close23 days

Active listings17

Source: Redfin Data Center (Invalid Date) · Zip 55420

Zoning

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Current Tax Year

Year2026

Tax Due$53,905

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
8350 FREMONT AVE S BLOOMINGTON MN 55420	FREEBLOOM PROPERTIES LLC	APARTMENT	$1,459,500	178 ft
8330 FREMONT AVE S BLOOMINGTON MN 55420	ESSEX GREEN APARTMENTS LLC	APARTMENT	$3,224,800	227 ft
8349 FREMONT AVE S BLOOMINGTON MN 55420	ANN MARIE JUNGELS	RESIDENTIAL	$319,600	306 ft
8355 FREMONT AVE S BLOOMINGTON MN 55420	K W WHITING & M R WHITING	RESIDENTIAL	$317,200	307 ft
8343 FREMONT AVE S BLOOMINGTON MN 55420	H AZADEGAN & K AZADEGAN	RESIDENTIAL	$325,600	324 ft
8420 FREMONT AVE S BLOOMINGTON MN 55420	AKINS 8420 FREMONT LLC	APARTMENT	$2,769,400	327 ft
8401 FREMONT AVE S BLOOMINGTON MN 55420	STACEY L HAYES	RESIDENTIAL	$319,800	327 ft
8337 FREMONT AVE S BLOOMINGTON MN 55420	BENJAMIN D PFAU/HEIDI L PFAU	RESIDENTIAL	$311,100	363 ft
8407 FREMONT AVE S BLOOMINGTON MN 55420	S NYGAARD & T KENDRICK	RESIDENTIAL	$330,300	365 ft
8327 FREMONT AVE S BLOOMINGTON MN 55420	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$345,700	416 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.