2003 GRAND ST N E MINNEAPOLIS MN 55418

PID: 1002924440019

Property Overview

Parcel ID1002924440019

Lot Size5,085 sq ft (0.117 ac)

Lot Dimensions (est.)135 ft wide × 38 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerP L HEMPEL JR & S M HEMPEL

Assessed Value$256,600

Land Value$91,000

Building Value$165,600

Annual Tax$13,057

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

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 width28 ft

Buildable depth94 ft

Area~2,629 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 2,629 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
2001 GRAND ST N E MINNEAPOLIS MN 55418	ETHAN MARSHALL	RESIDENTIAL-TWO UNIT	$288,900	39 ft
1929 GRAND ST N E MINNEAPOLIS MN 55418	ACCURATE SOLUTIONS LLC	RESIDENTIAL-TWO UNIT	$289,800	89 ft
1923 GRAND ST N E MINNEAPOLIS MN 55418	JEFFREY D SURMA SR	RESIDENTIAL-TWO UNIT	$318,100	141 ft
1919 GRAND ST N E MINNEAPOLIS MN 55418	PACKAGING CORP OF AMERICA	LAND - INDUSTRIAL	$701,600	216 ft
2007 GRAND ST N E MINNEAPOLIS MN 55418	PACKAGING CORP OF AMERICA	LAND - INDUSTRIAL	$326,100	237 ft
2011 GRAND ST N E MINNEAPOLIS MN 55418	BURLINGTON NORTHERN	RAILROAD	$0	241 ft
2001 MARSHALL ST N E MINNEAPOLIS MN 55418	PACKAGING CORP OF AMERICA	INDUSTRIAL-PREFERRED	$4,386,100	301 ft
1901 GRAND ST N E MINNEAPOLIS MN 55418	STEPHEN L LOFTMAN TRUST	COMMERCIAL-PREFERRED	$1,960,000	309 ft
2101 GRAND ST N E MINNEAPOLIS MN 55418	A M K ROUSSEAU/K M SWANBERG	RESIDENTIAL	$282,200	320 ft
2102 CALIFORNIA ST N E MINNEAPOLIS MN 55418	J R SCHUMACHER & N A JOHNSON	RESIDENTIAL	$307,200	343 ft

Property History

Most Recent Sale

Date199011

Price$18,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$13,057