4133 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824230032

Property Overview

Parcel ID1002824230032

Lot Size5,019 sq ft (0.115 ac)

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

Year Built1925

Property ClassAPARTMENT

OwnerM D SULLIVAN & S L SULLIVAN

Assessed Value$753,800

Land Value$125,000

Building Value$628,800

Annual Tax$14,681

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

No permits found in Minneapolis open data for this parcel.

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

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4137 GRAND AVE S MINNEAPOLIS MN 55409	ALEXANDER F ARNOLD	RESIDENTIAL-TWO UNIT	$554,600	40 ft
4129 GRAND AVE S MINNEAPOLIS MN 55409	RHONDA L WOLD	RESIDENTIAL-TWO UNIT	$422,600	40 ft
4141 GRAND AVE S MINNEAPOLIS MN 55409	R J SMITH & J W SMITH TRS	RESIDENTIAL-TWO UNIT	$537,000	80 ft
4125 GRAND AVE S MINNEAPOLIS MN 55409	GERARD PETER COUTURE REV TR	RESIDENTIAL	$416,100	80 ft
4145 GRAND AVE S MINNEAPOLIS MN 55409	SEBASTIAN A MOLINA	RESIDENTIAL	$314,200	120 ft
4121 GRAND AVE S MINNEAPOLIS MN 55409	G LA BELLE & J MOORS	RESIDENTIAL	$358,800	120 ft
4132 PLEASANT AVE MINNEAPOLIS MN 55409	AMY MARIE WEST	RESIDENTIAL	$351,200	139 ft
4136 PLEASANT AVE MINNEAPOLIS MN 55409	KHANH L TRAN	RESIDENTIAL	$424,200	144 ft
4128 PLEASANT AVE MINNEAPOLIS MN 55409	MORGAN DAVEN/KATHERINE DAVEN	RESIDENTIAL	$389,300	145 ft
4140 PLEASANT AVE MINNEAPOLIS MN 55409	J S BENSON, L M THORVALDSSON	RESIDENTIAL	$364,400	160 ft

Property History

Most Recent Sale

Date200009

Price$257,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,681