3845 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824220105

Property Overview

Parcel ID1002824220105

Lot Size5,747 sq ft (0.132 ac)

Lot Dimensions (est.)125 ft wide × 46 ft deep

Year Built1915

Property ClassAPARTMENT

OwnerGRAND PAPA 3845 LLC

Assessed Value$521,100

Land Value$143,800

Building Value$377,300

Annual Tax$10,315

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 rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

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 width36 ft

Buildable depth85 ft

Area~3,057 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 3,057 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3849 GRAND AVE S MINNEAPOLIS MN 55409	LISA RUDY	APARTMENT	$521,100	46 ft
3841 GRAND AVE S MINNEAPOLIS MN 55409	GRAND PAPA 3841 LLC	APARTMENT	$521,100	46 ft
3853 GRAND AVE S MINNEAPOLIS MN 55409	KNIGHT PROPERTIES INC	APARTMENT	$337,000	89 ft
3837 GRAND AVE S MINNEAPOLIS MN 55409	TITHE INVESTMENTS LLC	APARTMENT	$521,100	92 ft
3857 GRAND AVE S MINNEAPOLIS MN 55409	DVORAK TRUST	TRIPLEX	$447,600	129 ft
3831 GRAND AVE S MINNEAPOLIS MN 55409	K G POST & J HEALY	APARTMENT	$570,700	138 ft
3844 PLEASANT AVE MINNEAPOLIS MN 55409	L SKRZECZKOSKI BZDUSEK ET AL	RESIDENTIAL	$577,400	139 ft
3842 PLEASANT AVE MINNEAPOLIS MN 55409	BRIAN CALL & ANNA SCHMIEL	RESIDENTIAL	$553,700	142 ft
3848 PLEASANT AVE MINNEAPOLIS MN 55409	BRYAN BOYCE & EMILY BOYCE	RESIDENTIAL	$430,800	148 ft
3838 PLEASANT AVE MINNEAPOLIS MN 55409	B M ERICSON & J A ERICSON	RESIDENTIAL	$388,700	154 ft

Property History

Most Recent Sale

Date201704

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,315