4332 31ST AVE S MINNEAPOLIS MN 55406

PID: 1202824410097

Property Overview

Parcel ID1202824410097

Lot Size10,114 sq ft (0.232 ac)

Lot Dimensions (est.)126 ft wide × 80 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerE W GRISBECK & D L GRISBECK

Assessed Value$398,400

Land Value$188,000

Building Value$210,400

Annual Tax$5,994

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

6 permits on record since 2018 · $51K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$1K

CREW2 INC

MiscSep 2023Closed

$24K

Mayday Restoration

ResApr 2022Closed

CenterPoint Energy Resource Corp

RemodelOct 2021Closed

$6K

ALL ENERGY SOLAR INC

AccessoryJul 2021Closed

$20K

Minneapolis Garage Builders, LLC

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$386K+4.2% YoY

Median price / sqft$263/sqft

Median days to close13 days

Active listings43

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 width70 ft

Buildable depth86 ft

Area~6,047 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 6,047 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4324 31ST AVE S MINNEAPOLIS MN 55406	MARY KAY OLSON	RESIDENTIAL	$249,600	70 ft
4340 31ST AVE S MINNEAPOLIS MN 55406	RONALD BENJAMIN BENSON	RESIDENTIAL	$238,200	70 ft
4320 31ST AVE S MINNEAPOLIS MN 55406	WALLACE S BJORKSTRAND ET AL	RESIDENTIAL	$288,000	120 ft
4344 31ST AVE S MINNEAPOLIS MN 55406	WILLIAM BOES	RESIDENTIAL	$272,500	120 ft
4333 NOKOMIS AVE S MINNEAPOLIS MN 55406	WILLIAM T ARGYROS	RESIDENTIAL	$327,100	140 ft
4337 NOKOMIS AVE S MINNEAPOLIS MN 55406	JOSEPH SLATER & MAREN SLATER	RESIDENTIAL	$432,900	146 ft
4329 NOKOMIS AVE S MINNEAPOLIS MN 55406	THOMAS ALAN GRAHAM/AMAY YANG	RESIDENTIAL	$351,200	146 ft
4316 31ST AVE S MINNEAPOLIS MN 55406	CAROL SINGER/JINGER STANTON	RESIDENTIAL	$281,300	160 ft
4348 31ST AVE S MINNEAPOLIS MN 55406	DAVID ORTIZ & BRICIA ORTIZ	RESIDENTIAL	$340,100	160 ft
4341 NOKOMIS AVE S MINNEAPOLIS MN 55406	RENEE GRAFF & RYAN JOHNSON	RESIDENTIAL	$317,800	161 ft

Property History

Most Recent Sale

Date202102

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,994