3312 31ST AVE S MINNEAPOLIS MN 55406

PID: 0102824140128

Property Overview

Parcel ID0102824140128

Lot Size5,412 sq ft (0.124 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerU S BANK N A TRUSTEE

Assessed Value$377,500

Land Value$111,000

Building Value$266,500

Annual Tax$5,667

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2003 · $85K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$18K

Warner Restoration LLC

RemodelNov 2021Closed

$6K

Safe Basements of MN

ResFeb 2020Closed

CenterPoint Energy Resource Corp

AdditionJul 2019Closed

$7K

Lindsey Cason

MiscSep 2018Closed

$20K

ASHCO EXTERIORS INC

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~2,843 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 2,843 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
3308 31ST AVE S MINNEAPOLIS MN 55406	THOMAS JOHN MROTZ	RESIDENTIAL	$309,000	42 ft
3316 31ST AVE S MINNEAPOLIS MN 55406	N RUBLE & E WARRINGTON	RESIDENTIAL	$227,200	42 ft
3304 31ST AVE S MINNEAPOLIS MN 55406	DEBRA HELEN CALPH-BLOUNT	RESIDENTIAL	$250,000	84 ft
3320 31ST AVE S MINNEAPOLIS MN 55406	A T BERGER & BRIGID A BERGER	RESIDENTIAL	$338,500	94 ft
3300 31ST AVE S MINNEAPOLIS MN 55406	MARY M PATTERSON	RESIDENTIAL	$319,500	126 ft
3315 30TH AVE S MINNEAPOLIS MN 55406	JOHN FILEK & MIRANDA KOPP	RESIDENTIAL	$353,700	141 ft
3317 30TH AVE S MINNEAPOLIS MN 55406	SETH DUIN & CAITLYN S A DUIN	RESIDENTIAL	$304,300	147 ft
3309 30TH AVE S MINNEAPOLIS MN 55406	ANGELA J HATFIELD	RESIDENTIAL	$234,400	147 ft
3328 31ST AVE S MINNEAPOLIS MN 55406	EVONNE C SUNRAM	RESIDENTIAL	$256,500	157 ft
3321 30TH AVE S MINNEAPOLIS MN 55406	D J HANSON & K J HANSON	RESIDENTIAL	$240,300	164 ft

Property History

Most Recent Sale

Date202111

Price$440,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,667