1411 GRAND ST N E MINNEAPOLIS MN 55413

PID: 1502924140076

Property Overview

Parcel ID1502924140076

Lot Size8,628 sq ft (0.198 ac)

Lot Dimensions (est.)147 ft wide × 59 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerBIENFAIT BASAMBILA KIZIBA

Assessed Value$522,700

Land Value$165,000

Building Value$357,700

Annual Tax$8,172

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 ↗

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 ↗

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

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width55 ft

Buildable depth93 ft

Area~5,047 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 5,047 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1415 GRAND ST N E MINNEAPOLIS MN 55413	M KLOOSTERBOER/M ROISUM	RESIDENTIAL-TWO UNIT	$366,200	58 ft
1405 GRAND ST N E MINNEAPOLIS MN 55413	ANTHONY L EFERFIELD	APARTMENT	$429,000	66 ft
1419 GRAND ST N E MINNEAPOLIS MN 55413	ROSS QUADE	RESIDENTIAL	$252,700	76 ft
133 14TH AVE N E MINNEAPOLIS MN 55413	JOHN K UTKE	RESIDENTIAL-TWO UNIT	$326,300	90 ft
135 14TH AVE N E MINNEAPOLIS MN 55413	JOHN KENNETH UTKE	RESIDENTIAL-TWO UNIT	$306,200	124 ft
1425 GRAND ST N E MINNEAPOLIS MN 55413	ROBERT L ANSCHUTZ	RESIDENTIAL-TWO UNIT	$456,100	131 ft
137 14TH AVE N E MINNEAPOLIS MN 55413	ELLIOTT P SAXTON	RESIDENTIAL-TWO UNIT	$292,100	159 ft
128 15TH AVE N E MINNEAPOLIS MN 55413	WILLIAM W JAREMKO JR	RESIDENTIAL	$369,200	161 ft
1408 GRAND ST N E MINNEAPOLIS MN 55413	D E KRALOVEC & A KRALOVEC	APARTMENT	$470,000	189 ft
1406 GRAND ST N E MINNEAPOLIS MN 55413	CHARLES MILLER	RESIDENTIAL-TWO UNIT	$419,200	194 ft

Property History

Most Recent Sale

Date202209

Price$475,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,172