1010 31ST ST W MINNEAPOLIS MN 55408

PID: 0402824110079

Property Overview

Parcel ID0402824110079

Lot Size2,314 sq ft (0.053 ac)

Lot Dimensions (est.)46 ft wide × 50 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerLORNA DOONE

Assessed Value$261,700

Land Value$96,000

Building Value$165,700

Annual Tax$3,714

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

South Uptown · Minneapolis

Median reported rent1,449/mo

Renter-occupied73.2%

Median home value$398K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 81

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width36 ft

Buildable depth10 ft

Area~368 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Marginal

Back-of-envelope estimate based on sfr / adu benchmarks for 368 sqft buildable area.

Est. units

Yield on cost

5.5%

Spread

+0.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1012 31ST ST W MINNEAPOLIS MN 55408	SAHARLA JAMA	RESIDENTIAL	$374,500	59 ft
3040 COLFAX AVE S MINNEAPOLIS MN 55408	C KOONTZ & A HOFFMAN	RESIDENTIAL-TWO UNIT	$463,800	63 ft
3044 COLFAX AVE S MINNEAPOLIS MN 55408	PARADYGM PROPS/TWIN CITS LLC	RESIDENTIAL-TWO UNIT	$379,200	64 ft
3036 COLFAX AVE S MINNEAPOLIS MN 55408	CALVIN HAUER/CHANNING JAMES	RESIDENTIAL	$715,800	103 ft
3041 DUPONT AVE S MINNEAPOLIS MN 55408	S D NAU & M W KOPPENBERG	RESIDENTIAL	$519,200	110 ft
3045 DUPONT AVE S MINNEAPOLIS MN 55408	MEGAN MCCORMICK ET AL	RESIDENTIAL	$444,300	123 ft
3037 DUPONT AVE S MINNEAPOLIS MN 55408	HEIDI J NAU	RESIDENTIAL	$442,200	136 ft
3032 COLFAX AVE S MINNEAPOLIS MN 55408	ELISE S ATKINSON	RESIDENTIAL	$553,600	146 ft
3100 COLFAX AVE S MINNEAPOLIS MN 55408	PN22 LLC	RESIDENTIAL-TWO UNIT	$481,100	146 ft
3033 DUPONT AVE S MINNEAPOLIS MN 55408	NICHOLAS C GERBER	RESIDENTIAL	$441,400	171 ft

Property History

Current Tax Year

Year2026

Tax Due$3,714