2131 GRAND ST N E MINNEAPOLIS MN 55418

PID: 1002924410068

Property Overview

Parcel ID1002924410068

Lot Size4,810 sq ft (0.110 ac)

Lot Dimensions (est.)120 ft wide × 40 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerLORRAINE DEVORA

Assessed Value$278,800

Land Value$101,000

Building Value$177,800

Annual Tax$4,014

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Green Zone — NorthHigh

Located in the Minneapolis North Green Zone (incl NE) — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.

Minneapolis Green Zones ↗

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

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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 ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Bottineau · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth80 ft

Area~2,405 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 2,405 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
2127 GRAND ST N E MINNEAPOLIS MN 55418	2127 GRAND STREET NE LLC	RESIDENTIAL-TWO UNIT	$390,100	40 ft
52 22ND AVE N E MINNEAPOLIS MN 55418	BRIDGE SFR IV SEED BORWR LLC	RESIDENTIAL	$199,000	43 ft
2123 GRAND ST N E MINNEAPOLIS MN 55418	COLIN P WARD	RESIDENTIAL	$320,500	80 ft
2119 GRAND ST N E MINNEAPOLIS MN 55418	M HIGGINS & J ZHANG	RESIDENTIAL	$234,000	120 ft
2130 CALIFORNIA ST N E MINNEAPOLIS MN 55418	MAZIN JINDEEL	RESIDENTIAL	$247,900	132 ft
2134 CALIFORNIA ST N E MINNEAPOLIS MN 55418	SETH RISTOW	RESIDENTIAL-TWO UNIT	$321,200	138 ft
2122 CALIFORNIA ST N E MINNEAPOLIS MN 55418	RICK D LINDQUIST	RESIDENTIAL	$299,200	145 ft
2132 GRAND ST N E MINNEAPOLIS MN 55418	MARY K MASTRIAN	RESIDENTIAL	$251,900	150 ft
2201 GRAND ST N E MINNEAPOLIS MN 55418	M J & K J MOHS ET AL	RESIDENTIAL-TWO UNIT	$362,200	153 ft
2115 GRAND ST N E MINNEAPOLIS MN 55418	M A SOMMERS & T R DONAHUE	RESIDENTIAL	$273,500	161 ft

Property History

Most Recent Sale

Date202305

Price$262,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,014