3305 31ST AVE S MINNEAPOLIS MN 55406

PID: 0602823230163

Property Overview

Parcel ID0602823230163

Lot Size5,947 sq ft (0.137 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerANDREW K WANGEN

Assessed Value$374,400

Land Value$127,000

Building Value$247,400

Annual Tax$5,615

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $38K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$21K

Mayday Restoration

MiscNov 2023Closed

$5K

NOKOMIS ROOFING CO

ResApr 2019Closed

Warners Stellian Co Inc

ResAug 2018Closed

STERN HEATING AND COOLING INC

ExistresAug 2018Closed

STERN HEATING AND COOLING 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 width32 ft

Buildable depth102 ft

Area~3,250 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 3,250 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
3309 31ST AVE S MINNEAPOLIS MN 55406	PATRICIA KALUZA	RESIDENTIAL	$368,900	42 ft
3301 31ST AVE S MINNEAPOLIS MN 55406	D MURRAY & B MURRAY	RESIDENTIAL-TWO UNIT	$429,100	42 ft
3315 31ST AVE S MINNEAPOLIS MN 55406	J E GODIN/T J ROSADO ET AL	RESIDENTIAL	$365,000	84 ft
3117 33RD ST E MINNEAPOLIS MN 55406	J ROBERTS & B PECOR	RESIDENTIAL	$295,500	120 ft
3317 31ST AVE S MINNEAPOLIS MN 55406	MARY A HENDERSON	RESIDENTIAL	$360,000	126 ft
3253 31ST AVE S MINNEAPOLIS MN 55406	AMELIA LINDSEY/ERIC A SMITH	RESIDENTIAL	$348,800	149 ft
3308 32ND AVE S MINNEAPOLIS MN 55406	DANIELLE J SCHATSCHNEIDER	RESIDENTIAL	$385,800	158 ft
3321 31ST AVE S MINNEAPOLIS MN 55406	MARK JEFFREY SPITZACK	RESIDENTIAL	$291,500	168 ft
3312 32ND AVE S MINNEAPOLIS MN 55406	G R GUSTAFSON/S R GUSTAFSON	RESIDENTIAL	$394,300	174 ft
3112 33RD ST E MINNEAPOLIS MN 55406	JOSHUA CAIN/JILL LIPSKI CAIN	RESIDENTIAL	$221,100	190 ft

Property History

Most Recent Sale

Date201902

Price$259,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,615