3940 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824220156

Property Overview

Parcel ID1002824220156

Lot Size5,254 sq ft (0.121 ac)

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

Year Built1906

Property ClassRESIDENTIAL

OwnerELIZABETH A KALIN

Assessed Value$348,100

Land Value$176,000

Building Value$172,100

Annual Tax$5,557

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $61K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$31K

SHARP EXTERIORS

MiscOct 2025Closed

$18K

SHARP EXTERIORS

MiscMar 2019Closed

$7K

RENEWAL BY ANDERSEN CORP

ResMar 2019Closed

My Plumber Inc

RemodelFeb 2019Closed

$5K

SUMMIT CRAFTSMAN LLC

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 depth91 ft

Area~2,740 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 2,740 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3936 GRAND AVE S MINNEAPOLIS MN 55409	S M MASON & A P MASON	RESIDENTIAL	$332,400	40 ft
3944 GRAND AVE S MINNEAPOLIS MN 55409	L V DUMANCAS & L M DUMANCAS	RESIDENTIAL	$321,900	40 ft
3932 GRAND AVE S MINNEAPOLIS MN 55409	A W GEYE & D H GEYE	RESIDENTIAL	$388,200	80 ft
3948 GRAND AVE S MINNEAPOLIS MN 55409	MICHAEL B SCHROEDER ET AL	RESIDENTIAL	$454,000	90 ft
3928 GRAND AVE S MINNEAPOLIS MN 55409	NICHOLAS G GRYSKIEWICZ	RESIDENTIAL	$361,100	120 ft
3941 HARRIET AVE MINNEAPOLIS MN 55409	ALEXANDER MEYERS ET AL	RESIDENTIAL	$546,000	143 ft
3956 GRAND AVE S MINNEAPOLIS MN 55409	GRAND AVENUE REST HOME LLC	MED/CARE FACILITY	$493,000	146 ft
3937 HARRIET AVE MINNEAPOLIS MN 55409	D J BISSON-ELLEFSON ET AL	RESIDENTIAL	$343,500	148 ft
3945 HARRIET AVE MINNEAPOLIS MN 55409	M HARRALSON & N FARAGO	RESIDENTIAL	$529,600	149 ft
3933 HARRIET AVE MINNEAPOLIS MN 55409	RHESA R SCHWARTZ	RESIDENTIAL	$305,800	163 ft

Property History

Most Recent Sale

Date201812

Price$269,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,557