4000 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824230193

Property Overview

Parcel ID1002824230193

Lot Size5,518 sq ft (0.127 ac)

Lot Dimensions (est.)130 ft wide × 42 ft deep

Year Built1949

Property ClassRESIDENTIAL-TWO UNIT

OwnerDOUGLAS GILLITZER

Assessed Value$414,300

Land Value$182,000

Building Value$232,300

Annual Tax$7,868

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2024 · $25K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Inspection

4Front Energy Solutions Inc

MiscMar 2025Final Inspection

$13K

Rusco Kitchen Remodelers

MiscFeb 2024Expired

$12K

Minnesota Rusco Inc

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 width117 ft

Buildable depth2 ft

Area~2,650 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 2,650 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4004 GRAND AVE S MINNEAPOLIS MN 55409	ANDREJS LAZDA & ANNA LAZDA	RESIDENTIAL-TWO UNIT	$423,900	42 ft
4008 GRAND AVE S MINNEAPOLIS MN 55409	STEVE DAHL & ERIC GUIDA	RESIDENTIAL-TWO UNIT	$455,700	87 ft
3956 GRAND AVE S MINNEAPOLIS MN 55409	GRAND AVENUE REST HOME LLC	MED/CARE FACILITY	$493,000	127 ft
4014 GRAND AVE S MINNEAPOLIS MN 55409	L JORGENSEN & K JORGENSEN	RESIDENTIAL	$403,800	135 ft
4001 HARRIET AVE MINNEAPOLIS MN 55409	MADELINE MITCHELL	RESIDENTIAL	$546,000	144 ft
4005 HARRIET AVE MINNEAPOLIS MN 55409	MICHAEL A FRANZ & WIFE	RESIDENTIAL	$368,500	151 ft
4009 HARRIET AVE MINNEAPOLIS MN 55409	Z FARAH & L FARAH	RESIDENTIAL	$450,400	168 ft
3948 GRAND AVE S MINNEAPOLIS MN 55409	MICHAEL B SCHROEDER ET AL	RESIDENTIAL	$454,000	183 ft
3957 HARRIET AVE MINNEAPOLIS MN 55409	D C MORSE & H L MARTENS	RESIDENTIAL	$392,500	184 ft
4001 GRAND AVE S MINNEAPOLIS MN 55409	MARK CHARLES KELLY	TRIPLEX	$552,200	188 ft

Property History

Most Recent Sale

Date202108

Price$330,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,868