4254 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824320100

Property Overview

Parcel ID1002824320100

Lot Size5,233 sq ft (0.120 ac)

Lot Dimensions (est.)131 ft wide × 40 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerM G DOWNING & C L DOWNING

Assessed Value$543,000

Land Value$201,000

Building Value$342,000

Annual Tax$8,618

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Jan 2025 (res)

ResJan 2025Closed

CenterPoint Energy Resource Corp

ResMay 2019Closed

UPTOWN PLUMBING HEATING AND COOLING

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

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 width118 ft

Buildable depth0 ft

Area~2,452 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,452 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
4250 GRAND AVE S MINNEAPOLIS MN 55409	GREDEN DUTOIT LIVING TRUST	RESIDENTIAL	$546,300	40 ft
4246 GRAND AVE S MINNEAPOLIS MN 55409	JOAN M VILTER	RESIDENTIAL	$478,100	80 ft
4300 GRAND AVE S MINNEAPOLIS MN 55409	MULTICULTURAL CARE CENTER LL	APARTMENT	$731,500	110 ft
4242 GRAND AVE S MINNEAPOLIS MN 55409	E K MANGANO & N M MANGANO	RESIDENTIAL	$571,100	120 ft
4255 HARRIET AVE MINNEAPOLIS MN 55409	G E BROWN & M M BROWN TRUST	RESIDENTIAL	$603,200	144 ft
4251 HARRIET AVE MINNEAPOLIS MN 55409	P WENDLAND & A WILKIN	RESIDENTIAL	$541,400	149 ft
4238 GRAND AVE S MINNEAPOLIS MN 55409	JULIE ROKKE & PAUL ROKKE	RESIDENTIAL	$477,000	160 ft
4306 GRAND AVE S MINNEAPOLIS MN 55409	LUIS G PIRES	RESIDENTIAL	$446,500	160 ft
4243 HARRIET AVE MINNEAPOLIS MN 55409	J KERWIN & G E STEADRY	RESIDENTIAL	$617,900	175 ft
4301 HARRIET AVE MINNEAPOLIS MN 55409	HEIDI M FIELDS	RESIDENTIAL-TWO UNIT	$583,300	183 ft

Property History

Most Recent Sale

Date199306

Price$100,800

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,618