3400 31ST AVE S MINNEAPOLIS MN 55406

PID: 0102824410022

Property Overview

Parcel ID0102824410022

Lot Size5,096 sq ft (0.117 ac)

Lot Dimensions (est.)69 ft wide × 73 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerB M ANDERSON & A A ANDERSON

Assessed Value$286,200

Land Value$110,000

Building Value$176,200

Annual Tax$5,350

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $10K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$10K

Mayday Restoration

ResApr 2023Closed

CenterPoint Energy Resource Corp

ExistresDec 2020Closed

Hero Home Services LLC

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

Neighborhood Profile

Howe · 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 width56 ft

Buildable depth33 ft

Area~1,770 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 1,770 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3408 31ST AVE S MINNEAPOLIS MN 55406	LEVI WOODEN & AMANDA WOODEN	RESIDENTIAL	$278,800	66 ft
3019 34TH ST E MINNEAPOLIS MN 55406	DAVID C HERBERG	RESIDENTIAL	$252,500	67 ft
3412 31ST AVE S MINNEAPOLIS MN 55406	ROY J HOLEN	RESIDENTIAL	$225,300	102 ft
3352 31ST AVE S MINNEAPOLIS MN 55406	DAVID J RIES	RESIDENTIAL	$323,600	141 ft
3414 31ST AVE S MINNEAPOLIS MN 55406	A J YECKEL & L C STRONG	RESIDENTIAL	$337,700	145 ft
3015 34TH ST E MINNEAPOLIS MN 55406	RICHARD JOHN REA	RESIDENTIAL	$347,500	145 ft
3401 31ST AVE S MINNEAPOLIS MN 55406	HALPERT & DESCHANES REV TR	RESIDENTIAL	$352,700	175 ft
3405 31ST AVE S MINNEAPOLIS MN 55406	R BRIDWELL/R SMITH-SWEETSER	RESIDENTIAL	$229,500	176 ft
3418 31ST AVE S MINNEAPOLIS MN 55406	DANIEL G RATKA	RESIDENTIAL	$267,400	181 ft
3348 31ST AVE S MINNEAPOLIS MN 55406	CHARLES L FARRELL ETAL	RESIDENTIAL	$351,400	182 ft

Property History

Most Recent Sale

Date199606

Price$68,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,350