4501 31ST AVE S MINNEAPOLIS MN 55406

PID: 0702823330117

Property Overview

Parcel ID0702823330117

Lot Size5,647 sq ft (0.130 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerD M COLEMAN & B T GISSELMAN

Assessed Value$319,300

Land Value$148,000

Building Value$171,300

Annual Tax$4,675

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2022 · $28K total declared value · Most recent: Oct 2022 (misc)

MiscOct 2022Closed

$28K

THE HOME DEPOT

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 depth0 ft

Area~2,734 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,734 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4505 31ST AVE S MINNEAPOLIS MN 55406	MARGARET HOUSTON	RESIDENTIAL	$305,400	40 ft
4509 31ST AVE S MINNEAPOLIS MN 55406	JULIE L ALCORN-WEBB ET AL	RESIDENTIAL	$301,100	80 ft
4513 31ST AVE S MINNEAPOLIS MN 55406	RICHARD DANIEL GRIFFIN	RESIDENTIAL	$441,900	120 ft
3104 45TH ST E MINNEAPOLIS MN 55406	BENJAMIN T GISSELMAN	RESIDENTIAL	$217,800	140 ft
3100 45TH ST E MINNEAPOLIS MN 55406	MICHAEL C OSTER	RESIDENTIAL	$301,500	147 ft
3108 45TH ST E MINNEAPOLIS MN 55406	TERRY L LINDORFF	RESIDENTIAL	$279,000	148 ft
4500 32ND AVE S MINNEAPOLIS MN 55406	RYAN T ANDERSON/JOLENE V SEE	RESIDENTIAL	$334,800	154 ft
4504 32ND AVE S MINNEAPOLIS MN 55406	S M RUTHER & JULIA M RUTHER	RESIDENTIAL	$363,000	158 ft
4517 31ST AVE S MINNEAPOLIS MN 55406	ERICA L KAIRIS	RESIDENTIAL	$276,400	160 ft
4510 32ND AVE S MINNEAPOLIS MN 55406	DEANNA L CROES	RESIDENTIAL	$288,900	172 ft

Property History

Most Recent Sale

Date201207

Price$174,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,675