3200 31ST AVE S MINNEAPOLIS MN 55406

PID: 0102824140099

Property Overview

Parcel ID0102824140099

Lot Size6,234 sq ft (0.143 ac)

Lot Dimensions (est.)129 ft wide × 48 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerMARY J NIKOLAI

Assessed Value$235,100

Land Value$117,000

Building Value$118,100

Annual Tax$3,283

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $37K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$12K

Mayday Restoration

ExistresOct 2023Expired

Home Energy Center Inc

MiscOct 2022Closed

$8K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

MiscJun 2022Closed

$17K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

ResNov 2020Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Minneapolis

Median reported rent1,037/mo

Renter-occupied58.5%

Median home value$302K

Vacancy rate13.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1088

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width116 ft

Buildable depth8 ft

Area~3,143 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 3,143 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3204 31ST AVE S MINNEAPOLIS MN 55406	SHERRI R GALLEGOS	RESIDENTIAL	$285,900	45 ft
3208 31ST AVE S MINNEAPOLIS MN 55406	ANDREW GRANIAS/ANNA GRANIAS	RESIDENTIAL	$346,400	87 ft
3212 31ST AVE S MINNEAPOLIS MN 55406	ALICIA KLEMM	RESIDENTIAL-TWO UNIT	$401,800	129 ft
3201 30TH AVE S MINNEAPOLIS MN 55406	K BOYLE-STEED & N LAFFEY	RESIDENTIAL	$348,900	141 ft
3205 30TH AVE S MINNEAPOLIS MN 55406	J J RUFI & S E MALON-RUFI	RESIDENTIAL-TWO UNIT	$374,900	148 ft
3209 30TH AVE S MINNEAPOLIS MN 55406	TRISTAN LAYTON	RESIDENTIAL	$320,700	166 ft
3216 31ST AVE S MINNEAPOLIS MN 55406	DAVID HAUGE/GABRIELLE HAUGE	RESIDENTIAL-TWO UNIT	$333,000	171 ft
3215 30TH AVE S MINNEAPOLIS MN 55406	CARL W HILLSTROM	RESIDENTIAL	$270,800	191 ft
3203 31ST AVE S MINNEAPOLIS MN 55406	HENNEPIN FORFEITED LAND	RESIDENTIAL	$206,000	205 ft
3205 31ST AVE S MINNEAPOLIS MN 55406	M ALISHAHI & O FANTINI	RESIDENTIAL	$274,500	209 ft

Property History

Most Recent Sale

Date200111

Price$145,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,283