1621 31ST ST W MINNEAPOLIS MN 55408

PID: 0402824210135

Property Overview

Parcel ID0402824210135

Lot Size6,231 sq ft (0.143 ac)

Lot Dimensions (est.)70 ft wide × 88 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerC C GUTTENFELDER ET AL

Assessed Value$731,000

Land Value$292,000

Building Value$439,000

Annual Tax$12,490

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Apr 2025 (existres)

ExistresApr 2025Final Inspection

Pronto Heating & Air Conditioning Inc

ExistresAug 2019Closed

Hamlin Installations LLC

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

Neighborhood Profile

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

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 width57 ft

Buildable depth48 ft

Area~2,796 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 2,796 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1613 31ST ST W MINNEAPOLIS MN 55408	L D AUSETH & K J P OHARA	RESIDENTIAL	$532,200	64 ft
3109 JAMES AVE S MINNEAPOLIS MN 55408	T NELSON & N ERLANDSON	RESIDENTIAL	$583,600	73 ft
3113 JAMES AVE S MINNEAPOLIS MN 55408	JOHN PATRICK GOGGIN	RESIDENTIAL	$426,200	116 ft
1609 31ST ST W MINNEAPOLIS MN 55408	JOSEPH J & SANDRA H REARDON	RESIDENTIAL	$559,500	132 ft
3100 JAMES AVE S MINNEAPOLIS MN 55408	GREGORY S OASHEIM ET AL	TRIPLEX	$846,500	160 ft
3115 JAMES AVE S MINNEAPOLIS MN 55408	A E OLME & M S OLME	RESIDENTIAL-TWO UNIT	$680,000	161 ft
3104 JAMES AVE S MINNEAPOLIS MN 55408	JAMES VAN HORNE	RESIDENTIAL	$636,400	161 ft
1622 31ST ST W MINNEAPOLIS MN 55408	A D TAYLOR & J A MACVEY	RESIDENTIAL	$791,700	167 ft
3108 JAMES AVE S MINNEAPOLIS MN 55408	T PAOLUCCI & L ERICKSON	RESIDENTIAL	$632,700	173 ft
1605 31ST ST W MINNEAPOLIS MN 55408	JILL D ENGLUND	RESIDENTIAL-TWO UNIT	$806,300	194 ft

Property History

Most Recent Sale

Date201704

Price$759,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,490