3349 31ST AVE S MINNEAPOLIS MN 55406

PID: 0602823230152

Property Overview

Parcel ID0602823230152

Lot Size5,944 sq ft (0.136 ac)

Lot Dimensions (est.)141 ft wide × 42 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerSTEVEN M PETERSON

Assessed Value$315,200

Land Value$127,000

Building Value$188,200

Annual Tax$4,624

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $24K total declared value · Most recent: Jun 2024 (existres)

ExistresJun 2024Closed

Cities 1 Plumbing and Heating Inc

ResFeb 2024Closed

Tony's Plumbing and Heating

RemodelDec 2023Expired

$24K

CRAFT MASTERS REMODELING INC

ResAug 2022Closed

Warners Stellian Co Inc

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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 width32 ft

Buildable depth102 ft

Area~3,248 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 3,248 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3353 31ST AVE S MINNEAPOLIS MN 55406	S L & L K PARKER	RESIDENTIAL	$297,900	42 ft
3345 31ST AVE S MINNEAPOLIS MN 55406	JORDAN MALDONADO	RESIDENTIAL-TWO UNIT	$313,300	42 ft
3341 31ST AVE S MINNEAPOLIS MN 55406	DONALD HUNTER	RESIDENTIAL	$357,000	84 ft
3337 31ST AVE S MINNEAPOLIS MN 55406	M A BREKHUS & M A BREKHUS	RESIDENTIAL	$310,600	126 ft
3348 32ND AVE S MINNEAPOLIS MN 55406	ARLOA HOLADAY	RESIDENTIAL	$350,700	153 ft
3352 32ND AVE S MINNEAPOLIS MN 55406	A JOHNSON/B BRYNJARSSON	RESIDENTIAL	$331,700	158 ft
3344 32ND AVE S MINNEAPOLIS MN 55406	DEBBIE A MICKELSON	RESIDENTIAL	$322,000	159 ft
3401 31ST AVE S MINNEAPOLIS MN 55406	HALPERT & DESCHANES REV TR	RESIDENTIAL	$352,700	163 ft
3333 31ST AVE S MINNEAPOLIS MN 55406	KARA J BUCHANAN TRUST ET AL	RESIDENTIAL	$271,000	168 ft
3340 32ND AVE S MINNEAPOLIS MN 55406	ALEX SON	RESIDENTIAL	$355,000	175 ft

Property History

Most Recent Sale

Date198904

Price$63,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,624