50 GROVELAND TER MINNEAPOLIS MN 55403

PID: 2802924410835

Property Overview

Parcel ID2802924410835

Lot Size17,484 sq ft (0.401 ac)

Lot Dimensions (est.)173 ft wide × 101 ft deep

Year Built1966

Property ClassCONDOMINIUM

OwnerLANDY L MATTISON

Assessed Value$182,000

Land Value$11,000

Building Value$171,000

Annual Tax$2,817

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width65 ft

Buildable depth193 ft

Area~11,473 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 11,473 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value
50 GROVELAND TER MINNEAPOLIS MN 55403	KK-FIVE CORP	CONDOMINIUM	$196,000
50 GROVELAND TER MINNEAPOLIS MN 55403	KK-FIVE CORP	CONDOMINIUM	$389,000
50 GROVELAND TER MINNEAPOLIS MN 55403	KK-FIVE CORP	CONDOMINIUM	$74,000
50 GROVELAND TER MINNEAPOLIS MN 55403	AMY S LANGE TRUST	CONDOMINIUM	$179,000
50 GROVELAND TER MINNEAPOLIS MN 55403	CARL M & KATHERINE JORGENSON	CONDOMINIUM	$189,000
50 GROVELAND TER MINNEAPOLIS MN 55403	TAM HOANG/KRISTOPHER GILLAPP	CONDOMINIUM	$165,000
50 GROVELAND TER MINNEAPOLIS MN 55403	T CHRISTENSON/C CHRISTENSON	CONDOMINIUM	$337,000
50 GROVELAND TER MINNEAPOLIS MN 55403	M D C P HUEPA & P SILVA	CONDOMINIUM	$157,000
50 GROVELAND TER MINNEAPOLIS MN 55403	CRAIG AAMODT	CONDOMINIUM	$153,000
50 GROVELAND TER MINNEAPOLIS MN 55403	SHENELLE MAGALAGE PERERA	CONDOMINIUM	$155,000

Property History

Most Recent Sale

Date201501

Price$170,000

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$2,817