4640 31ST AVE S MINNEAPOLIS MN 55406

PID: 1302824110053

Property Overview

Parcel ID1302824110053

Lot Size5,036 sq ft (0.116 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerANDREW T & LAUREN D BUSSEY

Assessed Value$566,300

Land Value$185,000

Building Value$381,300

Annual Tax$8,965

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $104K total declared value · Most recent: Dec 2017 (res)

ResDec 2017Closed

Hearth and Home Technologies LLC

ResNov 2017Closed

Gust Plumbing Inc

AdditionSep 2017Closed

$100K

Andrew T Bussey

NewresSep 2017Closed

$4K

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

ResSep 2017Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

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

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 width29 ft

Buildable depth89 ft

Area~2,575 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 2,575 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4636 31ST AVE S MINNEAPOLIS MN 55406	M M G O'BRIEN & L G O'BRIEN	RESIDENTIAL	$490,500	40 ft
4644 31ST AVE S MINNEAPOLIS MN 55406	AYSEL E GOKCEN	RESIDENTIAL	$504,600	40 ft
4632 31ST AVE S MINNEAPOLIS MN 55406	TERESA R PAULSEN	RESIDENTIAL	$343,000	80 ft
4648 31ST AVE S MINNEAPOLIS MN 55406	J GREENWOOD & C CARLSON	RESIDENTIAL	$429,000	80 ft
4628 31ST AVE S MINNEAPOLIS MN 55406	S S HEDLUND & J C STINSON	RESIDENTIAL	$799,200	120 ft
4652 31ST AVE S MINNEAPOLIS MN 55406	EILEEN M MCISAAC	RESIDENTIAL	$478,200	120 ft
4641 NOKOMIS AVE S MINNEAPOLIS MN 55406	MICHAEL ROEDER & AVA ROEDER	RESIDENTIAL	$446,000	140 ft
4637 NOKOMIS AVE S MINNEAPOLIS MN 55406	STEVEN M JOHNSON	RESIDENTIAL	$363,000	144 ft
4645 NOKOMIS AVE S MINNEAPOLIS MN 55406	MADELINE MCNAB TRUSTEE	RESIDENTIAL	$403,400	146 ft
4633 NOKOMIS AVE S MINNEAPOLIS MN 55406	HALEY EPPING	RESIDENTIAL-TWO UNIT	$356,000	160 ft

Property History

Most Recent Sale

Date201009

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,965