3133 31ST AVE S MINNEAPOLIS MN 55406

PID: 0602823220123

Property Overview

Parcel ID0602823220123

Lot Size5,626 sq ft (0.129 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerD J MURRAY & E J PATRYKUS

Assessed Value$396,300

Land Value$126,000

Building Value$270,300

Annual Tax$5,982

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $19K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$15K

Mayday Restoration

RemodelJul 2021Closed

$4K

POWERFULLY GREEN LLC

ResOct 2018Closed

Warners Stellian Co Inc

ExistresAug 2018Closed

ST PAUL PLUMBING AND HEATING CO 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 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
3137 31ST AVE S MINNEAPOLIS MN 55406	M L SMITH & C L HEPOLA	RESIDENTIAL	$282,000	40 ft
3129 31ST AVE S MINNEAPOLIS MN 55406	P F MARTIN & A R MARTIN	RESIDENTIAL	$336,900	40 ft
3141 31ST AVE S MINNEAPOLIS MN 55406	R K STAHLBERG/B STAHLBERG	RESIDENTIAL-TWO UNIT	$415,300	80 ft
3125 31ST AVE S MINNEAPOLIS MN 55406	W C SATTLER & M C CLARKE	RESIDENTIAL	$255,000	80 ft
3145 31ST AVE S MINNEAPOLIS MN 55406	GAGAN AWHAD & THERESA AWHAD	RESIDENTIAL	$371,300	120 ft
3121 31ST AVE S MINNEAPOLIS MN 55406	DAVID MENDEZ	RESIDENTIAL	$296,500	120 ft
3132 32ND AVE S MINNEAPOLIS MN 55406	MATTHEW D NELSON	RESIDENTIAL	$475,100	154 ft
3136 32ND AVE S MINNEAPOLIS MN 55406	NATHAN R MITCHELL	RESIDENTIAL	$308,000	159 ft
3128 32ND AVE S MINNEAPOLIS MN 55406	PHILIP CHEN/SOURIYNO D CHEN	RESIDENTIAL-TWO UNIT	$407,800	160 ft
3149 31ST AVE S MINNEAPOLIS MN 55406	MELISSA MARIE STAUDINGER	RESIDENTIAL	$338,000	160 ft

Property History

Most Recent Sale

Date200007

Price$158,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,982