3956 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824220159

Property Overview

Parcel ID1002824220159

Lot Size6,827 sq ft (0.157 ac)

Lot Dimensions (est.)131 ft wide × 52 ft deep

Year Built1904

Property ClassMED/CARE FACILITY

OwnerGRAND AVENUE REST HOME LLC

Assessed Value$493,000

Land Value$267,200

Building Value$225,800

Annual Tax$9,463

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · Most recent: Mar 2024 (commercial minor)

Commercial MinorMar 2024Expired

SODERLIN PLUMBING HEATING AND AIR

ComnofdbvDec 2017Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

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 depth12 ft

Area~3,559 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 3,559 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
3948 GRAND AVE S MINNEAPOLIS MN 55409	MICHAEL B SCHROEDER ET AL	RESIDENTIAL	$454,000	56 ft
3944 GRAND AVE S MINNEAPOLIS MN 55409	L V DUMANCAS & L M DUMANCAS	RESIDENTIAL	$321,900	106 ft
4000 GRAND AVE S MINNEAPOLIS MN 55409	DOUGLAS GILLITZER	RESIDENTIAL-TWO UNIT	$414,300	127 ft
3957 HARRIET AVE MINNEAPOLIS MN 55409	D C MORSE & H L MARTENS	RESIDENTIAL	$392,500	144 ft
3953 HARRIET AVE MINNEAPOLIS MN 55409	ROBERT L WATERMAN	RESIDENTIAL	$398,800	145 ft
3940 GRAND AVE S MINNEAPOLIS MN 55409	ELIZABETH A KALIN	RESIDENTIAL	$348,100	146 ft
3949 HARRIET AVE MINNEAPOLIS MN 55409	I LIM/J M CALE FAM WEALTH TR	RESIDENTIAL	$623,900	157 ft
4004 GRAND AVE S MINNEAPOLIS MN 55409	ANDREJS LAZDA & ANNA LAZDA	RESIDENTIAL-TWO UNIT	$423,900	169 ft
3945 HARRIET AVE MINNEAPOLIS MN 55409	M HARRALSON & N FARAGO	RESIDENTIAL	$529,600	177 ft
3936 GRAND AVE S MINNEAPOLIS MN 55409	S M MASON & A P MASON	RESIDENTIAL	$332,400	186 ft

Property History

Current Tax Year

Year2026

Tax Due$9,463