2221 31ST ST E MINNEAPOLIS MN 55407

PID: 0102824210037

Property Overview

Parcel ID0102824210037

Lot Size4,334 sq ft (0.099 ac)

Lot Dimensions (est.)87 ft wide × 50 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerLUIS I QUITO LLAPA

Assessed Value$284,400

Land Value$65,000

Building Value$219,400

Annual Tax$4,313

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

2 permits on record since 2017 · $28K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$28K

Weathersafe Restoration Inc

ResNov 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Corcoran · Minneapolis

Median reported rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 width76 ft

Buildable depth10 ft

Area~772 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 sfr / adu benchmarks for 772 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3106 23RD AVE S MINNEAPOLIS MN 55407	JAMES E DOBBINS	RESIDENTIAL	$218,000	69 ft
3100 23RD AVE S MINNEAPOLIS MN 55407	T GARCIA & M A GARCIA	RESIDENTIAL	$222,600	85 ft
3114 23RD AVE S MINNEAPOLIS MN 55407	S AZHAER/D YIMER/B MEKURIA	APARTMENT	$482,000	117 ft
3105 22ND AVE S MINNEAPOLIS MN 55407	LB CORCORAN 5 LLC	APARTMENT	$1,784,000	145 ft
3107 22ND AVE S MINNEAPOLIS MN 55407	JESSICA J WILLENBRING	RESIDENTIAL	$419,600	158 ft
3118 23RD AVE S MINNEAPOLIS MN 55407	MARY M CLARK	RESIDENTIAL	$278,900	164 ft
3113 22ND AVE S MINNEAPOLIS MN 55407	RICHARD A UNDERWOOD	RESIDENTIAL-TWO UNIT	$372,600	180 ft
3049 22ND AVE S MINNEAPOLIS MN 55407	L MCDONALD & B JOHNSON	RESIDENTIAL	$237,000	188 ft
3055 22ND AVE S MINNEAPOLIS MN 55407	PETER JOSEPH BAJURNY	RESIDENTIAL	$236,000	200 ft
3122 23RD AVE S MINNEAPOLIS MN 55407	ELLIOTT HOMES LLC	APARTMENT	$1,153,000	213 ft

Property History

Most Recent Sale

Date201401

Price$157,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,313