4231 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824320078

Property Overview

Parcel ID1002824320078

Lot Size5,031 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerB CULLEN & A CULLEN

Assessed Value$544,100

Land Value$197,000

Building Value$347,100

Annual Tax$8,577

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $44K total declared value · Most recent: Jul 2020 (misc)

MiscJul 2020Closed

$8K

NORTHRUP REMODELING

ExistresJan 2020Closed

Johnson Plumbing and Heating Co

ExistresAug 2019Closed

Johnson Plumbing and Heating Co

ResAug 2019Closed

Johnson Plumbing and Heating Co

RemodelJul 2019Closed

$32K

MOSES RENOVATIONS, 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 rent1,545/mo

Renter-occupied24.2%

Median home value$360K

Vacancy rate1.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1108

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 depth86 ft

Area~2,572 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 2,572 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
4235 GRAND AVE S MINNEAPOLIS MN 55409	LIV MATTEA MELAND	RESIDENTIAL	$438,400	40 ft
4225 GRAND AVE S MINNEAPOLIS MN 55409	RUETER-DILLON LIVING TRUST	RESIDENTIAL	$495,500	40 ft
4239 GRAND AVE S MINNEAPOLIS MN 55409	JENNY SCHMID	RESIDENTIAL	$463,000	80 ft
4221 GRAND AVE S MINNEAPOLIS MN 55409	ANTHONY ROMIG SCOTT	RESIDENTIAL	$417,500	80 ft
4243 GRAND AVE S MINNEAPOLIS MN 55409	S HUNTER & D R BAHNAMAN	RESIDENTIAL	$420,300	120 ft
4219 GRAND AVE S MINNEAPOLIS MN 55409	S J MANNING & J B MANNING	RESIDENTIAL	$474,700	120 ft
4230 PLEASANT AVE MINNEAPOLIS MN 55409	JEFFREY J VELCH	RESIDENTIAL	$370,500	139 ft
4234 PLEASANT AVE MINNEAPOLIS MN 55409	STEVEN B HASTI	RESIDENTIAL	$459,700	144 ft
4226 PLEASANT AVE MINNEAPOLIS MN 55409	K A CALLAHAN & J N JAMES	RESIDENTIAL	$547,100	147 ft
4238 PLEASANT AVE MINNEAPOLIS MN 55409	MICHAEL S DAMRON ETAL	RESIDENTIAL	$476,500	160 ft

Property History

Most Recent Sale

Date202305

Price$647,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,577