4045 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824230181

Property Overview

Parcel ID1002824230181

Lot Size5,304 sq ft (0.122 ac)

Lot Dimensions (est.)125 ft wide × 42 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerN E MUNK & M W MUNK JT RV TR

Assessed Value$524,000

Land Value$178,000

Building Value$346,000

Annual Tax$8,196

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2016 · $4K total declared value · Most recent: Aug 2019 (misc)

MiscAug 2019Closed

$4K

K AND M CONSTRUCTION OF MINNESOTA LLC

ExistresNov 2018Closed

Boy's Mechanical Inc

ResDec 2016Closed

Crow River Plumbing and Heating 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 width32 ft

Buildable depth86 ft

Area~2,757 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 2,757 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
4049 GRAND AVE S MINNEAPOLIS MN 55409	G A YANAGITA & M E TOMES	RESIDENTIAL	$463,500	42 ft
4041 GRAND AVE S MINNEAPOLIS MN 55409	M DAVENPORT & J BRANCA	RESIDENTIAL	$421,600	42 ft
4053 GRAND AVE S MINNEAPOLIS MN 55409	A HOLM & A KAMINSKI	RESIDENTIAL	$562,400	85 ft
4037 GRAND AVE S MINNEAPOLIS MN 55409	AMANDA M WHITE	RESIDENTIAL	$420,300	85 ft
4033 GRAND AVE S MINNEAPOLIS MN 55409	T J ZAREMBA & K T REVAK	RESIDENTIAL	$431,100	127 ft
4044 PLEASANT AVE MINNEAPOLIS MN 55409	G M THOMPSON-VIEIRA ET AL	RESIDENTIAL	$491,800	139 ft
4048 PLEASANT AVE MINNEAPOLIS MN 55409	DANIEL RYAN & ASHLEY JOHNSON	RESIDENTIAL	$477,100	145 ft
4040 PLEASANT AVE MINNEAPOLIS MN 55409	JAYNE M ROBERTS	RESIDENTIAL	$476,900	146 ft
4052 PLEASANT AVE MINNEAPOLIS MN 55409	ALEXANDER DAVIS/LACEY DAVIS	RESIDENTIAL	$601,000	162 ft
4036 PLEASANT AVE MINNEAPOLIS MN 55409	JOHN E BROWDER & WIFE	RESIDENTIAL	$472,700	163 ft

Property History

Most Recent Sale

Date200609

Price$301,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,196