1461 31ST ST W MINNEAPOLIS MN 55408

PID: 0402824210107

Property Overview

Parcel ID0402824210107

Lot Size2,862 sq ft (0.066 ac)

Lot Dimensions (est.)33 ft wide × 88 ft deep

Year Built1914

Property ClassRESIDENTIAL-TWO UNIT

OwnerBRIAN F MURN/ALLISON L MURN

Assessed Value$401,700

Land Value$167,000

Building Value$234,700

Annual Tax$7,599

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 2023 · $12K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$12K

Storm ReNU LLC

ResFeb 2023Expired

FFM LLC

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

Neighborhood Profile

East Bde Maka Ska · Minneapolis

Median reported rent1,601/mo

Renter-occupied66.9%

Median home value$643K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1080

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 width22 ft

Buildable depth49 ft

Area~1,088 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 1,088 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1465 31ST ST W MINNEAPOLIS MN 55408	BLAKE HUPPERT	RESIDENTIAL-TWO UNIT	$410,400	32 ft
3109 HUMBOLDT AVE S MINNEAPOLIS MN 55408	P SWEETMAN/KARI A KRAUTBAUER	RESIDENTIAL	$599,200	83 ft
3105 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ANDREW LOOSS & JORDYN LOOSS	RESIDENTIAL-TWO UNIT	$384,900	83 ft
3101 HUMBOLDT AVE S MINNEAPOLIS MN 55408	K SCHUBERT & K SCHUBERT	RESIDENTIAL-TWO UNIT	$415,200	83 ft
3104 HOLMES AVE S MINNEAPOLIS MN 55408	ALLISON MURN & BRIAN MURN	RESIDENTIAL-TWO UNIT	$533,900	94 ft
3100 HOLMES AVE S MINNEAPOLIS MN 55408	K M THOMETZ & S C THOMETZ	RESIDENTIAL-TWO UNIT	$638,500	95 ft
3108 HOLMES AVE S MINNEAPOLIS MN 55408	LANCE C MILLER	RESIDENTIAL	$467,800	114 ft
3113 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ERIKA A BRASK	RESIDENTIAL	$634,800	124 ft
3112 HOLMES AVE S MINNEAPOLIS MN 55408	N ERICKSON & B RUXIN	RESIDENTIAL	$654,000	146 ft
3117 HUMBOLDT AVE S MINNEAPOLIS MN 55408	MARGARET HUDSON/SHAWN HUDSON	RESIDENTIAL	$699,500	167 ft

Property History

Most Recent Sale

Date201310

Price$352,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,599