4525 31ST AVE S MINNEAPOLIS MN 55406

PID: 0702823330111

Property Overview

Parcel ID0702823330111

Lot Size5,606 sq ft (0.129 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerEVAN LEBO

Assessed Value$459,100

Land Value$148,000

Building Value$311,100

Annual Tax$7,007

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $26K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$4K

Midwest Roofing Siding and Windows Inc

MiscAug 2023Closed

$11K

Midwest Roofing Siding and Windows Inc

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresOct 2021Closed

Blue Ox Heating and Air LLC

AdditionNov 2020Closed

$3K

DAVID MIKKELSON

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~3,004 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 3,004 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4529 31ST AVE S MINNEAPOLIS MN 55406	SARA L WICHT	RESIDENTIAL	$292,400	40 ft
4521 31ST AVE S MINNEAPOLIS MN 55406	E S DEYOUNG & L M SCHUSTER	RESIDENTIAL	$394,600	40 ft
4533 31ST AVE S MINNEAPOLIS MN 55406	T R ALTMAN & C L ERICKSON	RESIDENTIAL	$372,700	80 ft
4517 31ST AVE S MINNEAPOLIS MN 55406	ERICA L KAIRIS	RESIDENTIAL	$276,400	80 ft
4537 31ST AVE S MINNEAPOLIS MN 55406	CALEB HOLTZ & KATLYN HOLTZ	RESIDENTIAL	$468,500	120 ft
4513 31ST AVE S MINNEAPOLIS MN 55406	RICHARD DANIEL GRIFFIN	RESIDENTIAL	$441,900	120 ft
4524 32ND AVE S MINNEAPOLIS MN 55406	NICHOLAS HARA	RESIDENTIAL	$704,600	153 ft
4528 32ND AVE S MINNEAPOLIS MN 55406	C ELIZABETH MILLER LOPEZ	RESIDENTIAL	$313,200	158 ft
4520 32ND AVE S MINNEAPOLIS MN 55406	S C JACOBSON & A D JACOBSON	RESIDENTIAL	$707,500	159 ft
4509 31ST AVE S MINNEAPOLIS MN 55406	JULIE L ALCORN-WEBB ET AL	RESIDENTIAL	$301,100	160 ft

Property History

Most Recent Sale

Date202105

Price$490,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,007