52 GROVELAND TER MINNEAPOLIS MN 55403

PID: 2802924410698

Property Overview

Parcel ID2802924410698

Lot Size70,940 sq ft (1.629 ac)

Lot Dimensions (est.)342 ft wide × 207 ft deep

Year Built1966

Property ClassCONDO GARAGE/MISCELLANEOUS

OwnerRICARDO R SERENO

Assessed Value$16,500

Land Value$700

Building Value$15,800

Annual Tax$255

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 ↗

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

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

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 width329 ft

Buildable depth167 ft

Area~47,663 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 47,663 sqft buildable area.

Est. units

105

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value
52 GROVELAND TER MINNEAPOLIS MN 55403	CHRISTOPHER RYAN STALEY	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	GRANT OLSON	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	ALFRED H BEH III	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	LILMANIE DEVI PETAMAR	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	EMILY A IVERSEN	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	JULIA RYAN	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	JOSHUA C BEATTY	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	PLUNKETT CHRISTENSON LLC	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	E B SAVAGE III & R C SAVAGE	CONDO GARAGE/MISCELLANEOUS	$16,500
52 GROVELAND TER MINNEAPOLIS MN 55403	BRANKO DAMJANAC	CONDO GARAGE/MISCELLANEOUS	$16,500

Property History

Current Tax Year

Year2026

Tax Due$255