4300 GRAND AVE S MINNEAPOLIS MN 55409

PID: 1002824320177

Property Overview

Parcel ID1002824320177

Lot Size7,810 sq ft (0.179 ac)

Lot Dimensions (est.)131 ft wide × 60 ft deep

Year Built1961

Property ClassAPARTMENT

OwnerMULTICULTURAL CARE CENTER LL

Assessed Value$731,500

Land Value$230,100

Building Value$501,400

Annual Tax$13,892

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2017 · $12K total declared value · Most recent: Nov 2019 (roofwind)

RoofwindNov 2019Expired

$12K

MAINTENANCE FREE MINNESOTA INC

ResDec 2017Closed

CENTERPOINT ENERGY

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 depth20 ft

Area~4,240 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 4,240 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
4306 GRAND AVE S MINNEAPOLIS MN 55409	LUIS G PIRES	RESIDENTIAL	$446,500	50 ft
4310 GRAND AVE S MINNEAPOLIS MN 55409	JORDAN MCNIVEN	RESIDENTIAL	$424,600	90 ft
4254 GRAND AVE S MINNEAPOLIS MN 55409	M G DOWNING & C L DOWNING	RESIDENTIAL	$543,000	110 ft
4314 GRAND AVE S MINNEAPOLIS MN 55409	KENNA CONWAY	RESIDENTIAL	$466,400	130 ft
4301 HARRIET AVE MINNEAPOLIS MN 55409	HEIDI M FIELDS	RESIDENTIAL-TWO UNIT	$583,300	144 ft
4250 GRAND AVE S MINNEAPOLIS MN 55409	GREDEN DUTOIT LIVING TRUST	RESIDENTIAL	$546,300	150 ft
4307 HARRIET AVE MINNEAPOLIS MN 55409	L UELAND & C UELAND	RESIDENTIAL	$592,700	154 ft
4318 GRAND AVE S MINNEAPOLIS MN 55409	A CRAWFORD & A JOHNSON	RESIDENTIAL	$495,700	170 ft
4311 HARRIET AVE MINNEAPOLIS MN 55409	SARAH BENEDICTA DEINARD	RESIDENTIAL	$449,000	171 ft
4255 HARRIET AVE MINNEAPOLIS MN 55409	G E BROWN & M M BROWN TRUST	RESIDENTIAL	$603,200	180 ft

Property History

Most Recent Sale

Date202410

Price$822,775

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,892