4018 31ST AVE S MINNEAPOLIS MN 55406

PID: 1202824140034

Property Overview

Parcel ID1202824140034

Lot Size5,055 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerTHOMAS W VACEK

Assessed Value$276,900

Land Value$120,000

Building Value$156,900

Annual Tax$4,270

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

3 permits on record since 2019 · $20K total declared value · Most recent: Dec 2019 (remodel)

RemodelDec 2019Closed

$9K

Thomas Vacek

RemodelNov 2019Closed

$8K

J AND M CONCRETE AND WATERPROOFING INC

MiscAug 2019Closed

$3K

Thomas Vacek

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

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

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 depth86 ft

Area~2,590 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 2,590 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
4016 31ST AVE S MINNEAPOLIS MN 55406	ELBA CASTILLO	RESIDENTIAL	$255,300	40 ft
4022 31ST AVE S MINNEAPOLIS MN 55406	NFORSI MOUTCHIA	RESIDENTIAL	$308,100	40 ft
4012 31ST AVE S MINNEAPOLIS MN 55406	JOHN F DILLON	RESIDENTIAL	$211,500	80 ft
4028 31ST AVE S MINNEAPOLIS MN 55406	ISABELLA CARANI	RESIDENTIAL-TWO UNIT	$324,000	80 ft
4008 31ST AVE S MINNEAPOLIS MN 55406	BROOKE JOHNSON	RESIDENTIAL	$244,000	120 ft
4032 31ST AVE S MINNEAPOLIS MN 55406	MARIE DE LOS SANTOS	RESIDENTIAL	$227,500	120 ft
4019 NOKOMIS AVE S MINNEAPOLIS MN 55406	ROBERT ROEPKE	RESIDENTIAL	$321,500	140 ft
4023 NOKOMIS AVE S MINNEAPOLIS MN 55406	ZACHARY JENSON/HANNAH PEPIN	RESIDENTIAL	$397,000	145 ft
4015 NOKOMIS AVE S MINNEAPOLIS MN 55406	JULIE ANN PAPULAS MALIA	RESIDENTIAL	$217,000	145 ft
4004 31ST AVE S MINNEAPOLIS MN 55406	J TROSVIG & L F TROSVIG	RESIDENTIAL	$300,700	157 ft

Property History

Most Recent Sale

Date200902

Price$87,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,270