1500 GRAND ST N E MINNEAPOLIS MN 55413

PID: 1502924110051

Property Overview

Parcel ID1502924110051

Lot Size4,993 sq ft (0.115 ac)

Lot Dimensions (est.)110 ft wide × 45 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerSAMUEL PALMER

Assessed Value$284,700

Land Value$132,000

Building Value$152,700

Annual Tax$5,407

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2023 · $10K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Inspection

Paul Bunyan Plumbing, LLC

ExistresJan 2025Inspection

Hero Home Services LLC

ExistresMay 2024Closed

Blue Ox Heating and Air LLC

MiscMar 2024Closed

$3K

THE HOME DEPOT

ResFeb 2024Expired

Paul Bunyan Plumbing, LLC

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

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 24

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth69 ft

Area~2,422 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 2,422 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1434 GRAND ST N E MINNEAPOLIS MN 55413	TIMOTHY ALLEN JACOBSON	RESIDENTIAL-TWO UNIT	$344,700	51 ft
1502 GRAND ST N E MINNEAPOLIS MN 55413	MAYA AND ASSOCIATES LLC	RESIDENTIAL	$242,300	61 ft
1432 GRAND ST N E MINNEAPOLIS MN 55413	SAMUEL JACOB PALMER	RESIDENTIAL-TWO UNIT	$366,700	101 ft
1501 MARSHALL ST N E MINNEAPOLIS MN 55413	RAY BROS INC	APARTMENT	$1,583,000	107 ft
1441 MARSHALL ST N E MINNEAPOLIS MN 55413	REGAN 1441 LLC	APARTMENT	$1,746,000	114 ft
1510 GRAND ST N E MINNEAPOLIS MN 55413	ISABEL LANDI	RESIDENTIAL-TWO UNIT	$368,900	115 ft
1428 GRAND ST N E MINNEAPOLIS MN 55413	JESSICA SCHMIDT/THOMAS KAGEN	RESIDENTIAL-TWO UNIT	$502,500	151 ft
1435 MARSHALL ST N E MINNEAPOLIS MN 55413	CARTER GROSKREUTZ	TRIPLEX	$424,300	162 ft
1516 GRAND ST N E MINNEAPOLIS MN 55413	RANDY S ANDERSON	RESIDENTIAL-TWO UNIT	$386,900	167 ft
1433 GRAND ST N E MINNEAPOLIS MN 55413	ALYSSA VETTEL/BLAKE VETTEL	RESIDENTIAL	$446,200	187 ft

Property History

Most Recent Sale

Date202401

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,407