4239 31ST AVE S MINNEAPOLIS MN 55406

PID: 0702823320019

Property Overview

Parcel ID0702823320019

Lot Size5,592 sq ft (0.128 ac)

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

Year Built1940

Property ClassRESIDENTIAL

OwnerS & B QUAN

Assessed Value$326,100

Land Value$148,000

Building Value$178,100

Annual Tax$4,788

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 2017 · Most recent: May 2022 (res)

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResJan 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

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 depth100 ft

Area~2,994 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 2,994 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
4243 31ST AVE S MINNEAPOLIS MN 55406	P T TUTTLE & C L TUTTLE	RESIDENTIAL	$305,700	40 ft
4237 31ST AVE S MINNEAPOLIS MN 55406	ROBERT MARTIN & BONNIE SMITH	RESIDENTIAL	$673,500	40 ft
4247 31ST AVE S MINNEAPOLIS MN 55406	JOSEPH MICHAEL BERG	RESIDENTIAL	$286,400	80 ft
4231 31ST AVE S MINNEAPOLIS MN 55406	JOHN R MC NAMARA	RESIDENTIAL	$190,700	80 ft
4251 31ST AVE S MINNEAPOLIS MN 55406	HIATT LIVING TRUST	RESIDENTIAL	$359,700	120 ft
4227 31ST AVE S MINNEAPOLIS MN 55406	ERICA HAUGEN & ADAM GLATZL	RESIDENTIAL	$349,800	120 ft
4238 32ND AVE S MINNEAPOLIS MN 55406	AMY ARLEN COUGHLIN	RESIDENTIAL	$333,000	154 ft
4244 32ND AVE S MINNEAPOLIS MN 55406	RACHEL A PATRICK	RESIDENTIAL	$249,700	158 ft
4234 32ND AVE S MINNEAPOLIS MN 55406	KRISTIN M SORENSEN	RESIDENTIAL	$228,200	159 ft
3110 43RD ST E MINNEAPOLIS MN 55406	JANIE L SCHULTZ	RESIDENTIAL	$260,100	160 ft

Property History

Current Tax Year

Year2026

Tax Due$4,788