3941 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824220137

Property Overview

Parcel ID1002824220137

Lot Size5,054 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1902

Property ClassRESIDENTIAL-TWO UNIT

OwnerVICTORIA R ROEHL

Assessed Value$398,400

Land Value$173,000

Building Value$225,400

Annual Tax$6,385

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $72K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$12K

KEYPRIME ROOFING AND REMODELING

MiscSep 2025Closed

$37K

KEYPRIME ROOFING AND REMODELING

RemodelJan 2022Closed

$22K

Safe Basements of MN

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 width30 ft

Buildable depth86 ft

Area~2,590 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 2,590 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3937 GRAND AVE S MINNEAPOLIS MN 55409	PM RENTALS LLC	RESIDENTIAL-TWO UNIT	$452,800	37 ft
3945 GRAND AVE S MINNEAPOLIS MN 55409	R STEIN & P GENEST-STEIN	RESIDENTIAL	$376,600	40 ft
3935 GRAND AVE S MINNEAPOLIS MN 55409	JOSH MONTGOMERY	RESIDENTIAL-TWO UNIT	$447,100	77 ft
3949 GRAND AVE S MINNEAPOLIS MN 55409	STEVEN M BIRTH/NANCY L BIRTH	RESIDENTIAL	$427,300	80 ft
3955 GRAND AVE S MINNEAPOLIS MN 55409	DEBRA A MCGOWAN	RESIDENTIAL	$363,900	120 ft
3929 GRAND AVE S MINNEAPOLIS MN 55409	PETER VAN CALLIGAN ET AL	RESIDENTIAL	$366,800	120 ft
3940 PLEASANT AVE MINNEAPOLIS MN 55409	J D RANKINE/KYRRA S RANKINE	RESIDENTIAL	$529,300	138 ft
3944 PLEASANT AVE MINNEAPOLIS MN 55409	R O'CONNOR & A O'CONNOR	RESIDENTIAL	$421,300	143 ft
3936 PLEASANT AVE MINNEAPOLIS MN 55409	K E LINDSTROM & M J MOEHR	RESIDENTIAL	$529,600	144 ft
3957 GRAND AVE S MINNEAPOLIS MN 55409	REBECCA E ARNOLDY	RESIDENTIAL-TWO UNIT	$424,700	156 ft

Property History

Most Recent Sale

Date200610

Price$324,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,385