4500 GRAND AVE S MINNEAPOLIS MN 55419

PID: 1002824330165

Property Overview

Parcel ID1002824330165

Lot Size6,005 sq ft (0.138 ac)

Lot Dimensions (est.)131 ft wide × 46 ft deep

Year Built1948

Property ClassTRIPLEX

OwnerNAMASTE DWELLINGS LLC

Assessed Value$625,200

Land Value$210,000

Building Value$415,200

Annual Tax$11,873

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

1 permit on record since 2020 · $1K total declared value · Most recent: Mar 2020 (remodel)

RemodelMar 2020Closed

$1K

Jeff A Olson

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 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 depth6 ft

Area~2,988 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 2,988 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
4504 GRAND AVE S MINNEAPOLIS MN 55419	MARCUS DOWNS	RESIDENTIAL-TWO UNIT	$623,700	43 ft
4508 GRAND AVE S MINNEAPOLIS MN 55419	A MONTANARI & P HACKLER	RESIDENTIAL	$522,100	85 ft
4444 GRAND AVE S MINNEAPOLIS MN 55419	TIMOTHY J O'KEEFE	RESIDENTIAL	$552,600	107 ft
4512 GRAND AVE S MINNEAPOLIS MN 55419	ARTHUR A SWENSON	RESIDENTIAL	$431,000	127 ft
4501 HARRIET AVE MINNEAPOLIS MN 55419	HEIDI L BRYAN & C E BURLING	RESIDENTIAL	$519,700	145 ft
4505 HARRIET AVE MINNEAPOLIS MN 55419	B J HOLMBERG & B HOLMBERG	RESIDENTIAL	$477,600	151 ft
4440 GRAND AVE S MINNEAPOLIS MN 55419	BRENT A MCVAY/MONICA M MCVAY	RESIDENTIAL	$840,000	157 ft
4509 HARRIET AVE MINNEAPOLIS MN 55419	HEATHER BRAY & JODI AYERS	RESIDENTIAL	$605,100	169 ft
4516 GRAND AVE S MINNEAPOLIS MN 55419	JAN M NORRANDER	RESIDENTIAL	$462,000	170 ft
4445 HARRIET AVE MINNEAPOLIS MN 55419	PATRICK SHERIDAN	RESIDENTIAL	$515,200	179 ft

Property History

Most Recent Sale

Date202412

Price$655,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,873