4040 31ST AVE S MINNEAPOLIS MN 55406

PID: 1202824140039

Property Overview

Parcel ID1202824140039

Lot Size5,068 sq ft (0.116 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerCASSANDRA C PARDO

Assessed Value$192,500

Land Value$120,000

Building Value$72,500

Annual Tax$2,560

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 2022 · $9K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$9K

ALEXANDER EXTERIORS

ResMay 2024Expired

Urban Pine Plumbing and Mechanical Inc

ResMay 2022Closed

CenterPoint Energy Resource Corp

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 depth87 ft

Area~2,600 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 2,600 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4036 31ST AVE S MINNEAPOLIS MN 55406	SHANNON MAULEON MCCALLSON	RESIDENTIAL	$287,200	40 ft
4044 31ST AVE S MINNEAPOLIS MN 55406	KAREN M LANDMARK	RESIDENTIAL	$258,900	40 ft
4032 31ST AVE S MINNEAPOLIS MN 55406	MARIE DE LOS SANTOS	RESIDENTIAL	$227,500	80 ft
4048 31ST AVE S MINNEAPOLIS MN 55406	CITY OF MINNEAPOLIS	RESIDENTIAL	$0	80 ft
4028 31ST AVE S MINNEAPOLIS MN 55406	ISABELLA CARANI	RESIDENTIAL-TWO UNIT	$324,000	120 ft
4052 31ST AVE S MINNEAPOLIS MN 55406	ADULA KENEA NIKUS	RESIDENTIAL	$235,200	120 ft
4039 NOKOMIS AVE S MINNEAPOLIS MN 55406	ALEXANDER P BUDZIELEK	RESIDENTIAL	$270,400	140 ft
4043 NOKOMIS AVE S MINNEAPOLIS MN 55406	BRILLIANT PROPERTIES LLC	RESIDENTIAL	$284,600	145 ft
4035 NOKOMIS AVE S MINNEAPOLIS MN 55406	A M NICKLAUS & Z SPIROV	RESIDENTIAL	$182,800	145 ft
4022 31ST AVE S MINNEAPOLIS MN 55406	NFORSI MOUTCHIA	RESIDENTIAL	$308,100	160 ft

Property History

Most Recent Sale

Date201704

Price$145,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,560