4212 31ST AVE S MINNEAPOLIS MN 55406

PID: 1202824410121

Property Overview

Parcel ID1202824410121

Lot Size5,048 sq ft (0.116 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerK C COLVIN & B J J COLVIN

Assessed Value$333,500

Land Value$140,000

Building Value$193,500

Annual Tax$4,912

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $46K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Final Inspection

$9K

Innovative Basement Authority

MiscSep 2023Closed

$10K

HOFFMAN WEBER CONSTRUCTION INC

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscOct 2020Closed

$14K

Safe Basements of MN

ResApr 2020Closed

Weld and Sons Plumbing Inc

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth86 ft

Area~2,585 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 small multifamily (2–4 units, wood frame) benchmarks for 2,585 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4208 31ST AVE S MINNEAPOLIS MN 55406	T F BURGOON & J M BURGOON	RESIDENTIAL	$299,000	40 ft
4214 31ST AVE S MINNEAPOLIS MN 55406	P BAAGOE-REED/C BAAGOE-REED	RESIDENTIAL	$663,000	40 ft
4204 31ST AVE S MINNEAPOLIS MN 55406	DONNA P AMOROSO	RESIDENTIAL	$321,800	80 ft
4220 31ST AVE S MINNEAPOLIS MN 55406	N ROSS & M ROSS-SONNESYN	RESIDENTIAL	$434,200	80 ft
4200 31ST AVE S MINNEAPOLIS MN 55406	TRACI ANN THOMPSON	RESIDENTIAL	$244,700	117 ft
4224 31ST AVE S MINNEAPOLIS MN 55406	HERBERT J JOHNSON ETAL	RESIDENTIAL	$226,000	120 ft
4215 NOKOMIS AVE S MINNEAPOLIS MN 55406	BYRON S JOHNSON	RESIDENTIAL	$239,800	140 ft
3033 42ND ST E MINNEAPOLIS MN 55406	C MCDERMOTT & M MCDERMOTT	RESIDENTIAL	$306,800	143 ft
4217 NOKOMIS AVE S MINNEAPOLIS MN 55406	D E SPERLING & K M S GEIGER	RESIDENTIAL	$395,800	145 ft
4209 NOKOMIS AVE S MINNEAPOLIS MN 55406	BENJAMIN VOKRACKA	RESIDENTIAL	$235,400	145 ft

Property History

Most Recent Sale

Date202104

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,912