4133 31ST AVE S MINNEAPOLIS MN 55406

PID: 0702823230046

Property Overview

Parcel ID0702823230046

Lot Size5,641 sq ft (0.129 ac)

Lot Dimensions (est.)141 ft wide × 40 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerJ A ESPOSITO & S ESPOSITO

Assessed Value$304,300

Land Value$129,000

Building Value$175,300

Annual Tax$4,424

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 2022 · Most recent: Feb 2023 (res)

ResFeb 2023Expired

Hero Home Services LLC

ResMay 2022Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

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~3,030 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 3,030 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
4137 31ST AVE S MINNEAPOLIS MN 55406	M E WALTZ & A L WALTZ	RESIDENTIAL-TWO UNIT	$382,100	40 ft
4129 31ST AVE S MINNEAPOLIS MN 55406	DANIEL J PALEN	RESIDENTIAL	$336,700	40 ft
4145 31ST AVE S MINNEAPOLIS MN 55406	DANIEL P BUYS	RESIDENTIAL	$332,400	80 ft
4125 31ST AVE S MINNEAPOLIS MN 55406	M F NILAN & S NILAN	RESIDENTIAL	$613,500	80 ft
4147 31ST AVE S MINNEAPOLIS MN 55406	LARISSA BEYERLEIN	RESIDENTIAL	$346,600	120 ft
4121 31ST AVE S MINNEAPOLIS MN 55406	J L CLOUGH & M R MCMAHON	RESIDENTIAL	$294,300	120 ft
4132 32ND AVE S MINNEAPOLIS MN 55406	MICHELLE HACIAS	RESIDENTIAL	$397,700	153 ft
4136 32ND AVE S MINNEAPOLIS MN 55406	MARY I BROWN	RESIDENTIAL	$277,100	157 ft
4128 32ND AVE S MINNEAPOLIS MN 55406	JUAN A LOPEZ ET AL	RESIDENTIAL	$259,000	158 ft
4149 31ST AVE S MINNEAPOLIS MN 55406	JENNIFER L FRAHM	RESIDENTIAL	$355,000	160 ft

Property History

Most Recent Sale

Date201003

Price$55,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,424