3145 31ST AVE S MINNEAPOLIS MN 55406

PID: 0602823220120

Property Overview

Parcel ID0602823220120

Lot Size5,626 sq ft (0.129 ac)

Lot Dimensions (est.)140 ft wide × 40 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerGAGAN AWHAD & THERESA AWHAD

Assessed Value$371,300

Land Value$126,000

Building Value$245,300

Annual Tax$5,748

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

4 permits on record since 2019 · $27K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$27K

SPS Contracting

ExistresDec 2022Closed

Standard Heating and Air Conditioning Inc

ResJun 2020Closed

Urban Pine Plumbing and Mechanical Inc

ExistresJan 2019Closed

STAFFORD HOME SERVICE

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 width30 ft

Buildable depth101 ft

Area~3,019 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 3,019 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3149 31ST AVE S MINNEAPOLIS MN 55406	MELISSA MARIE STAUDINGER	RESIDENTIAL	$338,000	40 ft
3141 31ST AVE S MINNEAPOLIS MN 55406	R K STAHLBERG/B STAHLBERG	RESIDENTIAL-TWO UNIT	$415,300	40 ft
3153 31ST AVE S MINNEAPOLIS MN 55406	MEGAN M MCDONALD	RESIDENTIAL	$270,000	80 ft
3137 31ST AVE S MINNEAPOLIS MN 55406	M L SMITH & C L HEPOLA	RESIDENTIAL	$282,000	80 ft
3159 31ST AVE S MINNEAPOLIS MN 55406	MICHELLE S DAHN	RESIDENTIAL	$382,500	120 ft
3133 31ST AVE S MINNEAPOLIS MN 55406	D J MURRAY & E J PATRYKUS	RESIDENTIAL	$396,300	120 ft
3144 32ND AVE S MINNEAPOLIS MN 55406	C KNOX & E L D LANGLAND	RESIDENTIAL	$386,700	154 ft
3148 32ND AVE S MINNEAPOLIS MN 55406	ELIZABETH ANN RHODES MILLER	RESIDENTIAL	$291,100	159 ft
3140 32ND AVE S MINNEAPOLIS MN 55406	SAMUEL JAMES FINKELSON	RESIDENTIAL	$277,000	160 ft
3129 31ST AVE S MINNEAPOLIS MN 55406	P F MARTIN & A R MARTIN	RESIDENTIAL	$336,900	160 ft

Property History

Most Recent Sale

Date201507

Price$268,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,748