4500 31ST AVE S MINNEAPOLIS MN 55406

PID: 1202824440088

Property Overview

Parcel ID1202824440088

Lot Size5,095 sq ft (0.117 ac)

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

Year Built1947

Property ClassRESIDENTIAL

OwnerPAUL D MCCONNELL

Assessed Value$367,700

Land Value$142,000

Building Value$225,700

Annual Tax$5,482

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $22K total declared value · Most recent: Nov 2024 (addition)

AdditionNov 2024Closed

$6K

ALL ENERGY SOLAR INC

MiscOct 2023Closed

$16K

R & R Roofing INC

ExistresMay 2017Closed

Swat Holdings LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~2,359 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,359 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4504 31ST AVE S MINNEAPOLIS MN 55406	JAMES L BRACKEEN ETAL	RESIDENTIAL	$331,200	40 ft
4508 31ST AVE S MINNEAPOLIS MN 55406	WILLIAM C COLLINS REV TRUST	RESIDENTIAL	$259,200	80 ft
4456 31ST AVE S MINNEAPOLIS MN 55406	DANIEL MERLIN MCGUIRE ET AL	RESIDENTIAL	$397,500	100 ft
3039 45TH ST E MINNEAPOLIS MN 55406	JOYCE M MEICHELS	RESIDENTIAL	$328,700	110 ft
4512 31ST AVE S MINNEAPOLIS MN 55406	S NOWAK & D B RUUD	RESIDENTIAL	$370,900	120 ft
4452 31ST AVE S MINNEAPOLIS MN 55406	ELIZABETH LEVI ET AL	RESIDENTIAL	$343,000	140 ft
4516 31ST AVE S MINNEAPOLIS MN 55406	DYLAN M GOVE & SARAH J BEIL	RESIDENTIAL	$361,200	160 ft
4509 NOKOMIS AVE S MINNEAPOLIS MN 55406	D FALKOWSKI & A BIELSKI	RESIDENTIAL	$374,400	161 ft
3032 45TH ST E MINNEAPOLIS MN 55406	DAVID ZHAO	RESIDENTIAL	$302,000	162 ft
3027 45TH ST E MINNEAPOLIS MN 55406	JOVANEY A HOLLINGSWORTH	RESIDENTIAL	$302,300	173 ft

Property History

Most Recent Sale

Date199107

Price$73,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,482