4137 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824230031

Property Overview

Parcel ID1002824230031

Lot Size5,020 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1918

Property ClassRESIDENTIAL-TWO UNIT

OwnerALEXANDER F ARNOLD

Assessed Value$554,600

Land Value$168,000

Building Value$386,600

Annual Tax$9,143

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $58K total declared value · Most recent: Sep 2023 (res)

ResSep 2023Closed

Master Plumbing Services LLC

ExistresAug 2023Closed

Air It Indoor Comfort LLC

RemodelAug 2023Closed

$56K

WOODCREST BUILDERS

MiscJun 2017Closed

$2K

NMC EXTERIORS AND REMODELING

ResFeb 2017Closed

Norblom Plumbing Co

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 depth85 ft

Area~2,564 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 2,564 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
4141 GRAND AVE S MINNEAPOLIS MN 55409	R J SMITH & J W SMITH TRS	RESIDENTIAL-TWO UNIT	$537,000	40 ft
4133 GRAND AVE S MINNEAPOLIS MN 55409	M D SULLIVAN & S L SULLIVAN	APARTMENT	$753,800	40 ft
4145 GRAND AVE S MINNEAPOLIS MN 55409	SEBASTIAN A MOLINA	RESIDENTIAL	$314,200	80 ft
4129 GRAND AVE S MINNEAPOLIS MN 55409	RHONDA L WOLD	RESIDENTIAL-TWO UNIT	$422,600	80 ft
4149 GRAND AVE S MINNEAPOLIS MN 55409	MARY M MOILANEN	RESIDENTIAL	$392,900	120 ft
4125 GRAND AVE S MINNEAPOLIS MN 55409	GERARD PETER COUTURE REV TR	RESIDENTIAL	$416,100	120 ft
4136 PLEASANT AVE MINNEAPOLIS MN 55409	KHANH L TRAN	RESIDENTIAL	$424,200	139 ft
4140 PLEASANT AVE MINNEAPOLIS MN 55409	J S BENSON, L M THORVALDSSON	RESIDENTIAL	$364,400	144 ft
4132 PLEASANT AVE MINNEAPOLIS MN 55409	AMY MARIE WEST	RESIDENTIAL	$351,200	145 ft
4144 PLEASANT AVE MINNEAPOLIS MN 55409	E B MILLER & A MILLER	RESIDENTIAL	$350,000	160 ft

Property History

Most Recent Sale

Date201905

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,143