3220 31ST AVE S MINNEAPOLIS MN 55406

PID: 0102824140104

Property Overview

Parcel ID0102824140104

Lot Size5,410 sq ft (0.124 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerSUSAN J FAHIMI

Assessed Value$407,700

Land Value$110,000

Building Value$297,700

Annual Tax$6,172

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $23K total declared value · Most recent: Apr 2025 (res)

ResApr 2025Inspection

FFM LLC

MiscJul 2023Closed

$23K

JEFF MCCALL CONSTRUCTION CO

ExistresFeb 2023Closed

TEAM MECHANICAL INC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Longfellow · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth89 ft

Area~2,842 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 2,842 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3216 31ST AVE S MINNEAPOLIS MN 55406	DAVID HAUGE/GABRIELLE HAUGE	RESIDENTIAL-TWO UNIT	$333,000	42 ft
3224 31ST AVE S MINNEAPOLIS MN 55406	M MOLTER & K NUSSBAUM	RESIDENTIAL	$300,300	42 ft
3212 31ST AVE S MINNEAPOLIS MN 55406	ALICIA KLEMM	RESIDENTIAL-TWO UNIT	$401,800	84 ft
3228 31ST AVE S MINNEAPOLIS MN 55406	A D SHERF & A K MILLER	RESIDENTIAL	$316,600	84 ft
3208 31ST AVE S MINNEAPOLIS MN 55406	ANDREW GRANIAS/ANNA GRANIAS	RESIDENTIAL	$346,400	126 ft
3232 31ST AVE S MINNEAPOLIS MN 55406	V X GONZALES, K L P GONZALES	RESIDENTIAL	$372,200	126 ft
3221 30TH AVE S MINNEAPOLIS MN 55406	JUDITH T LEWISON	RESIDENTIAL	$264,900	141 ft
3225 30TH AVE S MINNEAPOLIS MN 55406	TERRY A HOLDEN	RESIDENTIAL-TWO UNIT	$354,400	147 ft
3217 30TH AVE S MINNEAPOLIS MN 55406	H M BRASCH & S C JAMES	RESIDENTIAL	$291,000	147 ft
3229 30TH AVE S MINNEAPOLIS MN 55406	LAURA K TRIPPLE	RESIDENTIAL	$300,800	164 ft

Property History

Most Recent Sale

Date201112

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,172