2321 GRAND AVE S MINNEAPOLIS MN 55405

PID: 3402924220132

Property Overview

Parcel ID3402924220132

Lot Size4,940 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerRDA UPTOWN II LLC

Assessed Value$252,400

Land Value$141,000

Building Value$111,400

Annual Tax$5,263

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2024 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Whittier · Minneapolis

Median reported rent1,175/mo

Renter-occupied89.6%

Median home value$389K

Vacancy rate8.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 68

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width30 ft

Buildable depth83 ft

Area~2,504 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 2,504 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2317 GRAND AVE S MINNEAPOLIS MN 55405	G P SAUTTER & J L SAUTTER	RESIDENTIAL	$520,600	40 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	KARL ANDERSON	CONDOMINIUM	$98,800	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	NIALL E ROCHE	CONDOMINIUM	$116,500	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	DAVID ANTHONY LUX	CONDOMINIUM	$113,400	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	CHRISTOPHER JOSEPH BAZAN	CONDOMINIUM	$101,900	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	KATHERINE SUZANNE LONG	CONDOMINIUM	$109,200	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	SCOTT ARTLEY	CONDOMINIUM	$117,500	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	MARCUS VANDERSANDEN ET AL	CONDOMINIUM	$112,300	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	ELI JOSEPH NORDSTROM	CONDOMINIUM	$110,200	45 ft
2325 GRAND AVE S MINNEAPOLIS MN 55405	OLIVIA GRACE BRICH	CONDOMINIUM	$110,200	45 ft

Property History

Most Recent Sale

Date199009

Price$71,750

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,263