4545 31ST AVE S MINNEAPOLIS MN 55406

PID: 0702823330106

Property Overview

Parcel ID0702823330106

Lot Size6,308 sq ft (0.145 ac)

Lot Dimensions (est.)140 ft wide × 45 ft deep

Year Built1901

Property ClassRESIDENTIAL

OwnerAPRIL M HAMLIN

Assessed Value$585,100

Land Value$158,000

Building Value$427,100

Annual Tax$9,321

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2013 · $423K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$7K

Kingfisher Construction

ExistresFeb 2024Closed

Perfection Heating and Air Conditioning Inc

ResJan 2024Closed

Master Plumbing Services LLC

RemodelJan 2024Closed

$128K

WHITE CRANE CONSTRUCTION

ResJan 2024Closed

Master Plumbing Services 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth100 ft

Area~3,505 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 3,505 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4549 31ST AVE S MINNEAPOLIS MN 55406	R J CORNELL & J J POLZIN	RESIDENTIAL	$414,100	45 ft
4541 31ST AVE S MINNEAPOLIS MN 55406	TODD S SCHWARTZ	RESIDENTIAL	$405,900	47 ft
4537 31ST AVE S MINNEAPOLIS MN 55406	CALEB HOLTZ & KATLYN HOLTZ	RESIDENTIAL	$468,500	93 ft
4555 31ST AVE S MINNEAPOLIS MN 55406	J J OMAN & E A HARPER	RESIDENTIAL	$551,200	98 ft
4533 31ST AVE S MINNEAPOLIS MN 55406	T R ALTMAN & C L ERICKSON	RESIDENTIAL	$372,700	132 ft
4544 32ND AVE S MINNEAPOLIS MN 55406	C H CARLTON & J A CARLTON	RESIDENTIAL	$342,000	154 ft
4548 32ND AVE S MINNEAPOLIS MN 55406	C H CARLTON & J A CARLTON	RESIDENTIAL	$216,700	156 ft
4540 32ND AVE S MINNEAPOLIS MN 55406	J W BURGESS & E A MCDONALD	RESIDENTIAL	$392,500	167 ft
4552 32ND AVE S MINNEAPOLIS MN 55406	M W NEGAARD & M RIBOLZI	RESIDENTIAL	$436,000	167 ft
4529 31ST AVE S MINNEAPOLIS MN 55406	SARA L WICHT	RESIDENTIAL	$292,400	173 ft

Property History

Most Recent Sale

Date200304

Price$242,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,321