3031 31ST AVE S MINNEAPOLIS MN 55406

PID: 0602823220089

Property Overview

Parcel ID0602823220089

Lot Size5,068 sq ft (0.116 ac)

Lot Dimensions (est.)140 ft wide × 36 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerSANDRA G PAULSON

Assessed Value$218,700

Land Value$117,000

Building Value$101,700

Annual Tax$3,008

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

3 permits on record since 2024 · $15K total declared value · Most recent: Nov 2025 (misc)

MiscNov 2025Final Inspection

$2K

BAULEKE CONTRACTING LLC

MiscJul 2025Expired

$13K

CENTRAL ROOFING CO

ExistresFeb 2024Closed

Flare Heating & Air Conditioning, Inc.

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

Neighborhood Profile

Longfellow · 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 width26 ft

Buildable depth101 ft

Area~2,619 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 2,619 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
3027 31ST AVE S MINNEAPOLIS MN 55406	A SHAKER & P S MITCHELL	RESIDENTIAL-TWO UNIT	$293,700	38 ft
3035 31ST AVE S MINNEAPOLIS MN 55406	MARY MARIE KJELLA	RESIDENTIAL	$224,000	40 ft
3023 31ST AVE S MINNEAPOLIS MN 55406	BPH HOLDINGS INC	RESIDENTIAL	$152,200	78 ft
3039 31ST AVE S MINNEAPOLIS MN 55406	LILY G M & WENDY A REID	RESIDENTIAL	$246,200	82 ft
3019 31ST AVE S MINNEAPOLIS MN 55406	BRYANT CASTRO-VENANCIO	RESIDENTIAL	$333,100	118 ft
3043 31ST AVE S MINNEAPOLIS MN 55406	A HOSANSKY & L BAGLEY	RESIDENTIAL	$688,300	122 ft
3030 32ND AVE S MINNEAPOLIS MN 55406	VIRGINIA RUTH MITCHELL	RESIDENTIAL	$240,000	154 ft
3015 31ST AVE S MINNEAPOLIS MN 55406	MARIBEL GARCIA	RESIDENTIAL-TWO UNIT	$356,300	158 ft
3026 32ND AVE S MINNEAPOLIS MN 55406	LAUREN OLSON/NICHOLAS VOTEL	RESIDENTIAL	$423,100	158 ft
3034 32ND AVE S MINNEAPOLIS MN 55406	S J GRANDPRE & E L OWENS	RESIDENTIAL	$410,400	160 ft

Property History

Most Recent Sale

Date198308

Price$56,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,008