1405 GRAND ST N E MINNEAPOLIS MN 55413

PID: 1502924140075

Property Overview

Parcel ID1502924140075

Lot Size8,765 sq ft (0.201 ac)

Lot Dimensions (est.)148 ft wide × 59 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerANTHONY L EFERFIELD

Assessed Value$429,000

Land Value$130,700

Building Value$298,300

Annual Tax$8,148

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

4 permits on record since 2017 · $2K total declared value · Most recent: Jun 2025 (commercial minor)

Commercial MinorJun 2025Closed

Water Heaters Now Inc

RemodelMay 2018Closed

$2K

CREW 2 INC

ResApr 2018Closed

CENTERPOINT ENERGY

ResApr 2017Closed

CHAMPION 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width135 ft

Buildable depth19 ft

Area~4,911 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 4,911 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
1411 GRAND ST N E MINNEAPOLIS MN 55413	BIENFAIT BASAMBILA KIZIBA	TRIPLEX	$522,700	66 ft
133 14TH AVE N E MINNEAPOLIS MN 55413	JOHN K UTKE	RESIDENTIAL-TWO UNIT	$326,300	87 ft
135 14TH AVE N E MINNEAPOLIS MN 55413	JOHN KENNETH UTKE	RESIDENTIAL-TWO UNIT	$306,200	117 ft
1415 GRAND ST N E MINNEAPOLIS MN 55413	M KLOOSTERBOER/M ROISUM	RESIDENTIAL-TWO UNIT	$366,200	121 ft
1335 GRAND ST N E MINNEAPOLIS MN 55413	N K VANG & P M VANG	RESIDENTIAL	$363,700	130 ft
1419 GRAND ST N E MINNEAPOLIS MN 55413	ROSS QUADE	RESIDENTIAL	$252,700	141 ft
137 14TH AVE N E MINNEAPOLIS MN 55413	ELLIOTT P SAXTON	RESIDENTIAL-TWO UNIT	$292,100	149 ft
139 14TH AVE N E MINNEAPOLIS MN 55413	KATHRYN KUISLE	RESIDENTIAL-TWO UNIT	$298,500	183 ft
136 14TH AVE N E MINNEAPOLIS MN 55413	MARK BYRNES & ZOE BYRNES	RESIDENTIAL-TWO UNIT	$384,100	185 ft
1400 GRAND ST N E MINNEAPOLIS MN 55413	MAYA & ASSOCIATES LLC	RESIDENTIAL-TWO UNIT	$342,600	190 ft

Property History

Most Recent Sale

Date199310

Price$79,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,148