2932 GRAND AVE S MINNEAPOLIS MN 55408

PID: 3402924330127

Property Overview

Parcel ID3402924330127

Lot Size5,143 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built2000

Property ClassRESIDENTIAL

OwnerCULTIVATE CAPITAL LLC

Assessed Value$400,500

Land Value$116,000

Building Value$284,500

Annual Tax$6,200

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

2 permits on record since 2000 · $288K total declared value · Most recent: May 2018 (remodel)

RemodelMay 2018Cancelled

$4K

PLATINUM REMODELING AND HANDYMAN SERVICE

BinbAug 2000

$284K

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

Neighborhood Profile

Whittier · Minneapolis

Median reported rent1,679/mo

Renter-occupied91.6%

Median home value$386K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 77

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth89 ft

Area~2,656 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 2,656 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2928 GRAND AVE S MINNEAPOLIS MN 55408	CULTIVATE CAPITAL LLC	RESIDENTIAL-TWO UNIT	$361,500	40 ft
2938 GRAND AVE S MINNEAPOLIS MN 55408	P SONNESYN/S SONNESYN-NAGEL	RESIDENTIAL	$262,900	40 ft
2924 GRAND AVE S MINNEAPOLIS MN 55408	CULTIVATE CAPITAL LLC	TRIPLEX	$695,300	80 ft
2940 GRAND AVE S MINNEAPOLIS MN 55408	SIBERT RENOVATIONS LLC	RESIDENTIAL-TWO UNIT	$253,100	80 ft
2944 GRAND AVE S MINNEAPOLIS MN 55408	ZESTINA PROPERTIES LLC	TRIPLEX	$445,600	113 ft
2920 GRAND AVE S MINNEAPOLIS MN 55408	CULTIVATE CAPITAL LLC	VACANT LAND-RESIDENTIAL	$116,000	120 ft
2933 HARRIET AVE MINNEAPOLIS MN 55408	CULTIVATE CAPITAL LLC	RESIDENTIAL	$419,300	140 ft
2948 GRAND AVE S MINNEAPOLIS MN 55408	LE PROPERTIES LLC	LAND-COMMERCIAL	$144,000	141 ft
2937 HARRIET AVE MINNEAPOLIS MN 55408	CULTIVATE CAPITAL LLC	RESIDENTIAL	$316,400	146 ft
2929 HARRIET AVE MINNEAPOLIS MN 55408	VEDA MARIE HONECKER	RESIDENTIAL-TWO UNIT	$287,100	146 ft

Property History

Most Recent Sale

Date202205

Price$2,373,000

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$6,200