2227 GRAND ST N E MINNEAPOLIS MN 55418

PID: 1002924410060

Property Overview

Parcel ID1002924410060

Lot Size5,128 sq ft (0.118 ac)

Lot Dimensions (est.)119 ft wide × 43 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerSAM KREBS & MOLLY BEAGHAN

Assessed Value$482,500

Land Value$105,000

Building Value$377,500

Annual Tax$7,426

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 17

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 width106 ft

Buildable depth3 ft

Area~2,377 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 2,377 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
2223 GRAND ST N E MINNEAPOLIS MN 55418	DANIEL S WOVCHA	RESIDENTIAL-TWO UNIT	$336,500	43 ft
2219 GRAND ST N E MINNEAPOLIS MN 55418	JOCELYN SHARDLOW/JOHN LOUIS	RESIDENTIAL	$319,200	86 ft
53 23RD AVE N E MINNEAPOLIS MN 55418	MATTHEW J RUBY	RESIDENTIAL	$212,900	113 ft
2215 GRAND ST N E MINNEAPOLIS MN 55418	DEVIN JAMES MATTICKS	RESIDENTIAL	$252,900	130 ft
64 23RD AVE N E MINNEAPOLIS MN 55418	SARA GREENE & STEPHEN GREENE	RESIDENTIAL	$328,800	133 ft
2222 CALIFORNIA ST N E MINNEAPOLIS MN 55418	BLACKSTONE 1 LLC	RESIDENTIAL	$239,400	139 ft
44 23RD AVE N E MINNEAPOLIS MN 55418	R M OLSON & L M OLSON	RESIDENTIAL-TWO UNIT	$386,800	154 ft
2218 CALIFORNIA ST N E MINNEAPOLIS MN 55418	JENNIFER J SCHWEITZER	RESIDENTIAL	$211,800	158 ft
2309 GRAND ST N E MINNEAPOLIS MN 55418	NATHAN BRISCOE	RESIDENTIAL-TWO UNIT	$415,900	166 ft
2211 GRAND ST N E MINNEAPOLIS MN 55418	WILL WEYENBERG/NATALIE LORD	RESIDENTIAL	$377,800	173 ft

Property History

Most Recent Sale

Date202507

Price$565,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,426