3837 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824220107

Property Overview

Parcel ID1002824220107

Lot Size5,750 sq ft (0.132 ac)

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

Year Built1915

Property ClassAPARTMENT

OwnerTITHE INVESTMENTS LLC

Assessed Value$521,100

Land Value$143,800

Building Value$377,300

Annual Tax$9,896

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

1 permit on record since 2018 · $20K total declared value · Most recent: May 2018 (roofwind)

RoofwindMay 2018Expired

$20K

MIESEN ROOFING INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

King Field · Minneapolis

Median reported rent1,253/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~3,059 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 3,059 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
3841 GRAND AVE S MINNEAPOLIS MN 55409	GRAND PAPA 3841 LLC	APARTMENT	$521,100	46 ft
3831 GRAND AVE S MINNEAPOLIS MN 55409	K G POST & J HEALY	APARTMENT	$570,700	46 ft
3845 GRAND AVE S MINNEAPOLIS MN 55409	GRAND PAPA 3845 LLC	APARTMENT	$521,100	92 ft
3825 GRAND AVE S MINNEAPOLIS MN 55409	DVORAK TRUST	APARTMENT	$521,100	94 ft
3849 GRAND AVE S MINNEAPOLIS MN 55409	LISA RUDY	APARTMENT	$521,100	138 ft
3821 GRAND AVE S MINNEAPOLIS MN 55409	MARIE MONTER/ANDREW NUMRICH	RESIDENTIAL	$346,900	139 ft
3834 PLEASANT AVE MINNEAPOLIS MN 55409	T L HANSON & C E CAPRA	RESIDENTIAL	$406,000	140 ft
3838 PLEASANT AVE MINNEAPOLIS MN 55409	B M ERICSON & J A ERICSON	RESIDENTIAL	$388,700	141 ft
3830 PLEASANT AVE MINNEAPOLIS MN 55409	DENNIS L & SANDRA L BINGEN	RESIDENTIAL	$437,800	149 ft
3842 PLEASANT AVE MINNEAPOLIS MN 55409	BRIAN CALL & ANNA SCHMIEL	RESIDENTIAL	$553,700	153 ft

Property History

Most Recent Sale

Date199407

Price$1

Type—

Current Tax Year

Year2026

Tax Due$9,896