4401 31ST AVE S MINNEAPOLIS MN 55406

PID: 0702823330089

Property Overview

Parcel ID0702823330089

Lot Size11,244 sq ft (0.258 ac)

Lot Dimensions (est.)140 ft wide × 80 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerM & L PETERS

Assessed Value$567,900

Land Value$194,000

Building Value$373,900

Annual Tax$8,996

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

5 permits on record since 2022 · $48K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$8K

RENEWAL BY ANDERSEN CORP

RemodelJul 2024Closed

$20K

RADWAN CONSTRUCTION

ResJun 2024Closed

M & M Pumbing

ResJan 2023Closed

CenterPoint Energy Resource Corp

MiscAug 2022Closed

$20K

Precision Exteriors Restoration LLC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width127 ft

Buildable depth40 ft

Area~6,729 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 6,729 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4409 31ST AVE S MINNEAPOLIS MN 55406	CATHERINE F IBES	RESIDENTIAL	$321,900	60 ft
4413 31ST AVE S MINNEAPOLIS MN 55406	JOYCE A JARCZYK SUBJ/LE	RESIDENTIAL	$276,400	100 ft
4417 31ST AVE S MINNEAPOLIS MN 55406	NANCY TROTTIER	RESIDENTIAL	$293,700	140 ft
4400 32ND AVE S MINNEAPOLIS MN 55406	LILLY M DAVIS	RESIDENTIAL	$361,600	155 ft
4404 32ND AVE S MINNEAPOLIS MN 55406	LAURA JANE ANDERSEN	RESIDENTIAL	$322,400	155 ft
4408 32ND AVE S MINNEAPOLIS MN 55406	BRIAN R HOFFMAN	RESIDENTIAL	$328,600	164 ft
4421 31ST AVE S MINNEAPOLIS MN 55406	P MALDONADO & C MALDONADO	RESIDENTIAL	$316,700	180 ft
4412 32ND AVE S MINNEAPOLIS MN 55406	MEGHAN MALANEY	RESIDENTIAL	$388,100	182 ft
4400 31ST AVE S MINNEAPOLIS MN 55406	HANS HELLAND & ALEECE DEWALD	RESIDENTIAL	$355,700	200 ft
4404 31ST AVE S MINNEAPOLIS MN 55406	D N O'BRIEN & B R O'BRIEN	RESIDENTIAL	$381,400	200 ft

Property History

Most Recent Sale

Date198705

Price$120,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,996