4054 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824230205

Property Overview

Parcel ID1002824230205

Lot Size5,517 sq ft (0.127 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerANTTI M RANTASAARI & M EVANS

Assessed Value$361,900

Land Value$182,000

Building Value$179,900

Annual Tax$5,474

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $22K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$22K

eRoof LLC

ResMay 2022Closed

CHAMPION PLUMBING LLC

ExistresMar 2022Closed

Ray N Welter Heating 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

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~2,649 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 2,649 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
4048 GRAND AVE S MINNEAPOLIS MN 55409	T K ELLIS & M M PHILLIPS	RESIDENTIAL	$413,500	42 ft
4044 GRAND AVE S MINNEAPOLIS MN 55409	N DASANAYAKA & L CALLAHAN	RESIDENTIAL	$612,600	85 ft
4100 GRAND AVE S MINNEAPOLIS MN 55409	CHRISTINA BANNAYAN	RESIDENTIAL	$464,000	101 ft
4040 GRAND AVE S MINNEAPOLIS MN 55409	C W PAPPAS & B D GRAHAM	RESIDENTIAL	$520,500	127 ft
4104 GRAND AVE S MINNEAPOLIS MN 55409	W & T LANG	RESIDENTIAL	$289,000	141 ft
4053 HARRIET AVE MINNEAPOLIS MN 55409	D J HERBER & C A SEIB	RESIDENTIAL	$441,600	144 ft
4049 HARRIET AVE MINNEAPOLIS MN 55409	SUSAN C LIEBERMAN TRUST	RESIDENTIAL	$531,900	150 ft
4045 HARRIET AVE MINNEAPOLIS MN 55409	D T CAMPBELL & M E POLK	RESIDENTIAL	$469,100	166 ft
4036 GRAND AVE S MINNEAPOLIS MN 55409	JANET COLLEEN BREEN	RESIDENTIAL	$508,900	169 ft
4108 GRAND AVE S MINNEAPOLIS MN 55409	J ANDERSON & E CAOUETTE	RESIDENTIAL	$359,600	181 ft

Property History

Most Recent Sale

Date200905

Price$302,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,474