118 GROVELAND TER MINNEAPOLIS MN 55403

PID: 2802924420141

Property Overview

Parcel ID2802924420141

Lot Size4,087 sq ft (0.094 ac)

Lot Dimensions (est.)77 ft wide × 53 ft deep

Year Built1990

Property ClassTOWNHOUSE

OwnerP J GODICH & M W GODICH

Assessed Value$1,073,200

Land Value$230,000

Building Value$843,200

Annual Tax$18,542

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $23K total declared value · Most recent: Sep 2025 (res)

ResSep 2025Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ExistresDec 2024Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResApr 2022Closed

Master Plumbing Services LLC

MiscJun 2021Closed

$17K

RENEWAL BY ANDERSEN CORP

ResMay 2021Closed

Warners Stellian Co Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width67 ft

Buildable depth13 ft

Area~489 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 sfr / adu benchmarks for 489 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
116 GROVELAND TER MINNEAPOLIS MN 55403	J MORIOKA & P MORIOKA	TOWNHOUSE	$999,400	46 ft
130 GROVELAND TER MINNEAPOLIS MN 55403	LAUREN I MEGER	TOWNHOUSE	$925,600	75 ft
114 GROVELAND TER MINNEAPOLIS MN 55403	CRAIG ROBERT RODBY REV TRUST	TOWNHOUSE	$1,013,300	89 ft
132 GROVELAND TER MINNEAPOLIS MN 55403	R MATTESON & D E MATTESON	TOWNHOUSE	$785,400	99 ft
120 GROVELAND TER MINNEAPOLIS MN 55403	MOUNT CURVE COURT ASSOC	COMMON AREA	$0	111 ft
15 SUMMIT PL MINNEAPOLIS MN 55403	L HERON & T HERON	RESIDENTIAL-ZERO LOT LINE	$728,300	120 ft
134 GROVELAND TER MINNEAPOLIS MN 55403	KAREN J MURRAY/MARK L MURRAY	TOWNHOUSE	$782,200	124 ft
112 GROVELAND TER MINNEAPOLIS MN 55403	JEFFREY W JONES/ADAM BURY	TOWNHOUSE	$1,156,700	127 ft
144 GROVELAND TER MINNEAPOLIS MN 55403	HMOWNRS ASSN OF MT CURVE PL	COMMON AREA	$0	137 ft
1604 NORTHROP LA MINNEAPOLIS MN 55403	G RITTER & A L FAIRCHILD	RESIDENTIAL	$1,246,000	138 ft

Property History

Most Recent Sale

Date202104

Price$985,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$18,542