3115 31ST AVE S MINNEAPOLIS MN 55406

PID: 0602823220128

Property Overview

Parcel ID0602823220128

Lot Size5,626 sq ft (0.129 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerANTON HESSE & ELLEN HAWLEY

Assessed Value$416,000

Land Value$126,000

Building Value$290,000

Annual Tax$6,312

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

2 permits on record since 2024 · $28K total declared value · Most recent: Nov 2024 (existres)

ExistresNov 2024Closed

4Front Energy Solutions Inc

MiscJun 2024Closed

$28K

STORM GROUP ROOFING LLC

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
3117 31ST AVE S MINNEAPOLIS MN 55406	LAURA LYNN WINTERSTEIN	RESIDENTIAL	$369,200	40 ft
3109 31ST AVE S MINNEAPOLIS MN 55406	C M BELLANGER/R B BELLANGER	RESIDENTIAL	$384,300	40 ft
3121 31ST AVE S MINNEAPOLIS MN 55406	DAVID MENDEZ	RESIDENTIAL	$296,500	80 ft
3101 31ST ST E MINNEAPOLIS MN 55406	3101 E 31ST ST LLC	APARTMENT	$829,000	108 ft
3125 31ST AVE S MINNEAPOLIS MN 55406	W C SATTLER & M C CLARKE	RESIDENTIAL	$255,000	120 ft
3112 32ND AVE S MINNEAPOLIS MN 55406	TIANYI TONG	RESIDENTIAL	$393,500	154 ft
3116 32ND AVE S MINNEAPOLIS MN 55406	WILLIAM W MCCALLUM	RESIDENTIAL	$387,000	159 ft
3108 32ND AVE S MINNEAPOLIS MN 55406	BETTY CHRISTINE WINBERG	RESIDENTIAL	$334,300	160 ft
3129 31ST AVE S MINNEAPOLIS MN 55406	P F MARTIN & A R MARTIN	RESIDENTIAL	$336,900	160 ft
3120 32ND AVE S MINNEAPOLIS MN 55406	A L NELSON & L M MIDDAG	RESIDENTIAL	$369,300	173 ft

Property History

Most Recent Sale

Date202408

Price$405,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,312