3320 31ST ST E MINNEAPOLIS MN 55406

PID: 0602823220014

Property Overview

Parcel ID0602823220014

Lot Size4,473 sq ft (0.103 ac)

Lot Dimensions (est.)55 ft wide × 81 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerM N PAKULAT & L R PAKULAT

Assessed Value$243,000

Land Value$115,000

Building Value$128,000

Annual Tax$3,762

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

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth41 ft

Area~1,846 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 1,846 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3044 34TH AVE S MINNEAPOLIS MN 55406	SARAH K MURPHY & RYAN BILLIG	RESIDENTIAL	$338,400	72 ft
3036 34TH AVE S MINNEAPOLIS MN 55406	EPHRAIM AELONY	RESIDENTIAL	$163,100	74 ft
3032 34TH AVE S MINNEAPOLIS MN 55406	A J NEGRO & S L EVERETTS	RESIDENTIAL	$285,000	109 ft
3045 33RD AVE S MINNEAPOLIS MN 55406	J BARRETT/C EPSTEIN ET AL	RESIDENTIAL-TWO UNIT	$499,900	113 ft
3039 33RD AVE S MINNEAPOLIS MN 55406	M MACNALLY/T MAHONY ET AL	RESIDENTIAL-TWO UNIT	$466,100	113 ft
3037 33RD AVE S MINNEAPOLIS MN 55406	THOMAS A GOULD	RESIDENTIAL	$321,000	126 ft
3100 34TH AVE S MINNEAPOLIS MN 55406	TORY L BREMER	RESIDENTIAL	$348,400	138 ft
3028 34TH AVE S MINNEAPOLIS MN 55406	BARBARA A NYGAARD	RESIDENTIAL	$277,500	147 ft
3033 33RD AVE S MINNEAPOLIS MN 55406	CLEARY LLC	RESIDENTIAL-TWO UNIT	$370,400	150 ft
3301 31ST ST E MINNEAPOLIS MN 55406	LEICHT FAMILY TRUST	RESIDENTIAL-TWO UNIT	$480,900	171 ft

Property History

Most Recent Sale

Date202410

Price$200,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,762