4741 GRAND AVE S MINNEAPOLIS MN 55419

PID: 1502824220202

Property Overview

Parcel ID1502824220202

Lot Size5,205 sq ft (0.119 ac)

Lot Dimensions (est.)125 ft wide × 42 ft deep

Year Built1925

Property ClassAPARTMENT

OwnerRICHARD M WALL/LAURA E WALL

Assessed Value$620,300

Land Value$153,800

Building Value$466,500

Annual Tax$11,780

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 2019 · Most recent: Nov 2019 (comnofdbv)

ComnofdbvNov 2019Closed

Metro Heating & Cooling LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Tangletown · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth87 ft

Area~2,690 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 2,690 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4737 GRAND AVE S MINNEAPOLIS MN 55419	SHAWN MCMERTY	RESIDENTIAL-TWO UNIT	$475,100	41 ft
4745 GRAND AVE S MINNEAPOLIS MN 55419	FRANCIS PATRICK MEANY ETAL	APARTMENT	$620,300	43 ft
4733 GRAND AVE S MINNEAPOLIS MN 55419	LOONBIRD LLC	RESIDENTIAL-TWO UNIT	$424,900	82 ft
4749 GRAND AVE S MINNEAPOLIS MN 55419	M F REID & W J HENDRICKS	RESIDENTIAL-TWO UNIT	$560,700	85 ft
4729 GRAND AVE S MINNEAPOLIS MN 55419	TANGLETOWN LIVING LLC	APARTMENT	$521,100	124 ft
314 48TH ST W MINNEAPOLIS MN 55419	NEIL HOLMAN & BARBARA NEI	COMMERCIAL-PREFERRED	$840,000	129 ft
4740 PLEASANT AVE MINNEAPOLIS MN 55419	A S KNUTSON & J E GASNER	RESIDENTIAL	$419,700	139 ft
4744 PLEASANT AVE MINNEAPOLIS MN 55419	BARBARA LYNN NICOLAZZI	RESIDENTIAL	$363,000	145 ft
4736 PLEASANT AVE MINNEAPOLIS MN 55419	J BROWN/L STREICH-BROWN	RESIDENTIAL	$466,300	145 ft
4732 PLEASANT AVE MINNEAPOLIS MN 55419	STEVEN M WARD	RESIDENTIAL	$351,000	162 ft

Property History

Most Recent Sale

Date199610

Price$168,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,780