4121 31ST AVE S MINNEAPOLIS MN 55406

PID: 0702823230049

Property Overview

Parcel ID0702823230049

Lot Size5,641 sq ft (0.129 ac)

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

Year Built1937

Property ClassRESIDENTIAL

OwnerJ L CLOUGH & M R MCMAHON

Assessed Value$294,300

Land Value$129,000

Building Value$165,300

Annual Tax$4,258

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

4 permits on record since 2020 · $28K total declared value · Most recent: Apr 2024 (remodel)

RemodelApr 2024Expired

$18K

Innovative Basement Authority

MiscOct 2022Closed

$10K

KAUFMAN SHEET METAL ROOFING INC

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResJan 2020Closed

Norblom Plumbing Co

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 sfr / adu benchmarks for 3,030 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4125 31ST AVE S MINNEAPOLIS MN 55406	M F NILAN & S NILAN	RESIDENTIAL	$613,500	40 ft
4117 31ST AVE S MINNEAPOLIS MN 55406	STEVEN L JOHNSON	RESIDENTIAL	$247,600	40 ft
4129 31ST AVE S MINNEAPOLIS MN 55406	DANIEL J PALEN	RESIDENTIAL	$336,700	80 ft
4113 31ST AVE S MINNEAPOLIS MN 55406	ADALAIDE PONTE USDIN	RESIDENTIAL	$291,700	80 ft
4133 31ST AVE S MINNEAPOLIS MN 55406	J A ESPOSITO & S ESPOSITO	RESIDENTIAL	$304,300	120 ft
4109 31ST AVE S MINNEAPOLIS MN 55406	TESHA MAE CHRISTENSEN PETTIT	RESIDENTIAL	$463,400	120 ft
4120 32ND AVE S MINNEAPOLIS MN 55406	JACOB R HENDERSON & K HUNTER	RESIDENTIAL	$338,700	153 ft
4124 32ND AVE S MINNEAPOLIS MN 55406	UMER ALEMO/ZEWUDITU G ALEMO	RESIDENTIAL	$431,800	157 ft
4116 32ND AVE S MINNEAPOLIS MN 55406	S J CRACRAFT/D R FEHLER	RESIDENTIAL	$298,000	158 ft
4137 31ST AVE S MINNEAPOLIS MN 55406	M E WALTZ & A L WALTZ	RESIDENTIAL-TWO UNIT	$382,100	160 ft

Property History

Most Recent Sale

Date200110

Price$152,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,258