3900 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824220148

Property Overview

Parcel ID1002824220148

Lot Size5,251 sq ft (0.121 ac)

Lot Dimensions (est.)131 ft wide × 40 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerD M FOSTER & L E MATTSON

Assessed Value$429,900

Land Value$176,000

Building Value$253,900

Annual Tax$6,604

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2022 · $43K total declared value · Most recent: Nov 2022 (misc)

MiscNov 2022Closed

$43K

ERIE CONSTRUCTION MID WEST 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

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 depth0 ft

Area~2,464 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,464 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
3904 GRAND AVE S MINNEAPOLIS MN 55409	N.H. GRAND LLC	RESIDENTIAL-TWO UNIT	$418,300	40 ft
3908 GRAND AVE S MINNEAPOLIS MN 55409	B L MARKUS & K K BULTMAN	RESIDENTIAL-TWO UNIT	$435,100	80 ft
3856 GRAND AVE S MINNEAPOLIS MN 55409	SOPHIA PULICE	CONDOMINIUM	$262,000	107 ft
3856 GRAND AVE S MINNEAPOLIS MN 55409	C E PYDYCH & A B PYDYCH	CONDOMINIUM	$267,000	107 ft
3856 GRAND AVE S MINNEAPOLIS MN 55409	ANTHONY N WIJESINHA ET AL	CONDOMINIUM	$264,000	107 ft
3856 GRAND AVE S MINNEAPOLIS MN 55409	GRETCHEN A PEDERSON	CONDOMINIUM	$264,000	107 ft
3856 GRAND AVE S MINNEAPOLIS MN 55409	EVAN F PYDYCH	CONDOMINIUM	$148,000	107 ft
MN	Unknown	—	—	107 ft
3912 GRAND AVE S MINNEAPOLIS MN 55409	BARBARA FINDLAY SHELSTAD	RESIDENTIAL	$348,000	120 ft
3901 HARRIET AVE MINNEAPOLIS MN 55409	PHILIP WAUGH & JANE SWATOSH	RESIDENTIAL	$487,500	143 ft

Property History

Most Recent Sale

Date199708

Price$97,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,604