3431 IRVING AVE N MINNEAPOLIS MN 55412

PID: 0902924210038

Property Overview

Parcel ID0902924210038

Lot Size5,064 sq ft (0.116 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerLUCEAL GOLDSBY

Assessed Value$175,000

Land Value$18,000

Building Value$157,000

Annual Tax$2,709

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2024 · $24K total declared value · Most recent: Mar 2026 (existres)

ExistresMar 2026Closed

Optimal Heating and Cooling LLC

ResDec 2025Closed

CenterPoint Energy Resource Corp

MiscNov 2024Closed

$10K

BOLECHOWSKI CONSTRUCTION LLC

MiscOct 2024Closed

$14K

Precision Exteriors Restoration LLC

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

Neighborhood Profile

Folwell · Minneapolis

Median reported rent1,590/mo

Renter-occupied27.3%

Median home value$193K

Vacancy rate7.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1008

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 depth87 ft

Area~2,601 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 2,601 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3435 IRVING AVE N MINNEAPOLIS MN 55412	L BRATVOLD/V K BRATVOLD	RESIDENTIAL	$198,000	39 ft
3427 IRVING AVE N MINNEAPOLIS MN 55412	MAHAGONY SHAFFER	RESIDENTIAL	$213,200	40 ft
3439 IRVING AVE N MINNEAPOLIS MN 55412	MANDOLYN ILLI	RESIDENTIAL	$213,000	79 ft
3423 IRVING AVE N MINNEAPOLIS MN 55412	LEWANA D VINCENT	RESIDENTIAL	$192,000	79 ft
3443 IRVING AVE N MINNEAPOLIS MN 55412	ANITA F STOWE	RESIDENTIAL	$274,400	119 ft
3419 IRVING AVE N MINNEAPOLIS MN 55412	R HOPPENRATH/G HOPPENRATH	RESIDENTIAL	$194,800	119 ft
3430 JAMES AVE N MINNEAPOLIS MN 55412	JAE H PARK	RESIDENTIAL	$192,000	140 ft
3426 JAMES AVE N MINNEAPOLIS MN 55412	CHRISTINE DOCHERTY	RESIDENTIAL	$187,800	145 ft
3434 JAMES AVE N MINNEAPOLIS MN 55412	RANDI ERIKSEN	RESIDENTIAL	$219,100	146 ft
3447 IRVING AVE N MINNEAPOLIS MN 55412	M D REEVES & C D REEVES	RESIDENTIAL	$202,700	158 ft

Property History

Most Recent Sale

Date200209

Price$129,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,709