35 GROVELAND TER MINNEAPOLIS MN 55403

PID: 2802924410846

Property Overview

Parcel ID2802924410846

Lot Size16,812 sq ft (0.386 ac)

Lot Dimensions (est.)190 ft wide × 89 ft deep

Year Built2022

Property ClassCONDOMINIUM

OwnerM SADEGHI TR/J SADEGHI TR

Assessed Value$1,232,900

Land Value$148,000

Building Value$1,084,900

Annual Tax$21,942

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 width177 ft

Buildable depth49 ft

Area~12,514 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 12,514 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
35 GROVELAND TER MINNEAPOLIS MN 55403	BENJAMIN & JOY WARREN	CONDOMINIUM	$1,216,000	0 ft
35 GROVELAND TER MINNEAPOLIS MN 55403	CARY D GELLER REV TR ET AL	CONDOMINIUM	$1,533,600	0 ft
35 GROVELAND TER MINNEAPOLIS MN 55403	M B TROUSDALE/R T TROUSDALE	CONDOMINIUM	$1,549,400	0 ft
MN	Unknown	—	—	0 ft
27 GROVELAND TER MINNEAPOLIS MN 55403	JOHN J HEALY PROPERTIES LLC	APARTMENT	$903,000	84 ft
39 GROVELAND TER MINNEAPOLIS MN 55403	PATRICIA A STARK LIVING TR	VACANT LAND-RESIDENTIAL	$400,000	121 ft
920 MOUNT CURVE AVE MINNEAPOLIS MN 55403	920 MOUNT CURVE ABB LLC	RESIDENTIAL	$786,000	127 ft
45 GROVELAND TER MINNEAPOLIS MN 55403	ERTUGRUL TUZCU TRUST	CONDOMINIUM	$1,476,000	147 ft
47 GROVELAND TER MINNEAPOLIS MN 55403	PATRICIA A STARK LIVING TR	CONDOMINIUM	$1,926,000	147 ft
MN	Unknown	—	—	147 ft

Property History

Current Tax Year

Year2026

Tax Due$21,942