3916 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824220152

Property Overview

Parcel ID1002824220152

Lot Size7,878 sq ft (0.181 ac)

Lot Dimensions (est.)131 ft wide × 60 ft deep

Year Built1923

Property ClassAPARTMENT

OwnerRAY BROS INC

Assessed Value$643,200

Land Value$196,500

Building Value$446,700

Annual Tax$12,787

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

2 permits on record since 2025 · $29K total declared value · Most recent: Jul 2025 (commfdrr)

CommfdrrJul 2025Inspection

$9K

BURNOMATIC

NewMay 2025Closed

$20K

JACK THE CARPENTER 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 width50 ft

Buildable depth91 ft

Area~4,564 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 4,564 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3912 GRAND AVE S MINNEAPOLIS MN 55409	BARBARA FINDLAY SHELSTAD	RESIDENTIAL	$348,000	50 ft
3922 GRAND AVE S MINNEAPOLIS MN 55409	RODGER M ROSE REVOCABLE TRST	APARTMENT	$643,200	60 ft
3908 GRAND AVE S MINNEAPOLIS MN 55409	B L MARKUS & K K BULTMAN	RESIDENTIAL-TWO UNIT	$435,100	90 ft
3928 GRAND AVE S MINNEAPOLIS MN 55409	NICHOLAS G GRYSKIEWICZ	RESIDENTIAL	$361,100	110 ft
3904 GRAND AVE S MINNEAPOLIS MN 55409	N.H. GRAND LLC	RESIDENTIAL-TWO UNIT	$418,300	130 ft
3915 HARRIET AVE MINNEAPOLIS MN 55409	MARK BUSSEY	RESIDENTIAL-TWO UNIT	$512,600	143 ft
3921 HARRIET AVE MINNEAPOLIS MN 55409	SHERYL A LINS	RESIDENTIAL	$333,400	146 ft
3932 GRAND AVE S MINNEAPOLIS MN 55409	A W GEYE & D H GEYE	RESIDENTIAL	$388,200	150 ft
3913 HARRIET AVE MINNEAPOLIS MN 55409	COLETTE S GANDELOT REVOC TR	RESIDENTIAL	$463,800	151 ft
3925 HARRIET AVE MINNEAPOLIS MN 55409	MARY J NICHOLS LIVING TRUST	RESIDENTIAL	$436,000	160 ft

Property History

Most Recent Sale

Date199307

Price$1

Type—

Current Tax Year

Year2026

Tax Due$12,787