4214 31ST AVE S MINNEAPOLIS MN 55406

PID: 1202824410122

Property Overview

Parcel ID1202824410122

Lot Size5,048 sq ft (0.116 ac)

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

Year Built2016

Property ClassRESIDENTIAL

OwnerP BAAGOE-REED/C BAAGOE-REED

Assessed Value$663,000

Land Value$140,000

Building Value$523,000

Annual Tax$10,795

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

No permits found in Minneapolis open data for this parcel.

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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~2,585 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
4212 31ST AVE S MINNEAPOLIS MN 55406	K C COLVIN & B J J COLVIN	RESIDENTIAL	$333,500	40 ft
4220 31ST AVE S MINNEAPOLIS MN 55406	N ROSS & M ROSS-SONNESYN	RESIDENTIAL	$434,200	40 ft
4208 31ST AVE S MINNEAPOLIS MN 55406	T F BURGOON & J M BURGOON	RESIDENTIAL	$299,000	80 ft
4224 31ST AVE S MINNEAPOLIS MN 55406	HERBERT J JOHNSON ETAL	RESIDENTIAL	$226,000	80 ft
4204 31ST AVE S MINNEAPOLIS MN 55406	DONNA P AMOROSO	RESIDENTIAL	$321,800	120 ft
4228 31ST AVE S MINNEAPOLIS MN 55406	DAWN MARIE NELSON	RESIDENTIAL	$272,400	120 ft
4217 NOKOMIS AVE S MINNEAPOLIS MN 55406	D E SPERLING & K M S GEIGER	RESIDENTIAL	$395,800	140 ft
4219 NOKOMIS AVE S MINNEAPOLIS MN 55406	ROBERT B RASMUSSEN ETAL	RESIDENTIAL	$328,100	145 ft
4215 NOKOMIS AVE S MINNEAPOLIS MN 55406	BYRON S JOHNSON	RESIDENTIAL	$239,800	146 ft
4200 31ST AVE S MINNEAPOLIS MN 55406	TRACI ANN THOMPSON	RESIDENTIAL	$244,700	158 ft

Property History

Most Recent Sale

Date201606

Price$445,486

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,795