1432 GRAND ST N E MINNEAPOLIS MN 55413

PID: 1502924110053

Property Overview

Parcel ID1502924110053

Lot Size5,379 sq ft (0.123 ac)

Lot Dimensions (est.)125 ft wide × 43 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerSAMUEL JACOB PALMER

Assessed Value$366,700

Land Value$137,000

Building Value$229,700

Annual Tax$5,487

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $23K total declared value · Most recent: Apr 2023 (res)

ResApr 2023Closed

Appliance Connections INC

ResApr 2023Closed

Bartylla Plumbing and Heating Inc

MiscJan 2023Closed

$23K

RENEWAL BY ANDERSEN CORP

ExistresDec 2021Closed

AQUARIUS HOME SERVICES

ResJul 2021Closed

FFM 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 width31 ft

Buildable depth91 ft

Area~2,678 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 2,678 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1428 GRAND ST N E MINNEAPOLIS MN 55413	JESSICA SCHMIDT/THOMAS KAGEN	RESIDENTIAL-TWO UNIT	$502,500	49 ft
1434 GRAND ST N E MINNEAPOLIS MN 55413	TIMOTHY ALLEN JACOBSON	RESIDENTIAL-TWO UNIT	$344,700	51 ft
1422 GRAND ST N E MINNEAPOLIS MN 55413	XIBAI LOU	RESIDENTIAL	$341,200	93 ft
1500 GRAND ST N E MINNEAPOLIS MN 55413	SAMUEL PALMER	RESIDENTIAL-TWO UNIT	$284,700	101 ft
1435 MARSHALL ST N E MINNEAPOLIS MN 55413	CARTER GROSKREUTZ	TRIPLEX	$424,300	122 ft
1418 GRAND ST N E MINNEAPOLIS MN 55413	C D FRENIER & J N JERUZAL	RESIDENTIAL	$394,300	133 ft
1441 MARSHALL ST N E MINNEAPOLIS MN 55413	REGAN 1441 LLC	APARTMENT	$1,746,000	135 ft
1427 MARSHALL ST N E MINNEAPOLIS MN 55413	1427 MARSHALL STREET LLC	APARTMENT	$849,000	147 ft
1502 GRAND ST N E MINNEAPOLIS MN 55413	MAYA AND ASSOCIATES LLC	RESIDENTIAL	$242,300	155 ft
1419 MARSHALL ST N E MINNEAPOLIS MN 55413	ENCAUSTIC LLC	VACANT LAND-RESIDENTIAL	$2,400	162 ft

Property History

Most Recent Sale

Date202103

Price$360,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,487