5441 31ST AVE S MINNEAPOLIS MN 55417

PID: 1902823220062

Property Overview

Parcel ID1902823220062

Lot Size6,354 sq ft (0.146 ac)

Lot Dimensions (est.)150 ft wide × 42 ft deep

Year Built1945

Property ClassRESIDENTIAL

OwnerANDREW RANCE & LAUREN RANCE

Assessed Value$328,700

Land Value$133,000

Building Value$195,700

Annual Tax$4,831

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,094/mo

Renter-occupied49.4%

Median home value$326K

Vacancy rate4.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 121.01

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 width32 ft

Buildable depth111 ft

Area~3,559 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 3,559 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5445 31ST AVE S MINNEAPOLIS MN 55417	MICHAEL WELCH/JACLYN SAWYER	RESIDENTIAL	$261,700	42 ft
5437 31ST AVE S MINNEAPOLIS MN 55417	ARACELI RODRIGUEZ ET AL	RESIDENTIAL	$305,400	43 ft
5449 31ST AVE S MINNEAPOLIS MN 55417	SAMANTHA N MEHR	RESIDENTIAL	$383,000	85 ft
5433 31ST AVE S MINNEAPOLIS MN 55417	MARK J FREISEIS	RESIDENTIAL	$292,000	85 ft
5453 31ST AVE S MINNEAPOLIS MN 55417	LAURA LYNNE CRAMER	RESIDENTIAL	$300,600	127 ft
5429 31ST AVE S MINNEAPOLIS MN 55417	B A GIDDINGS & K M GIDDINGS	RESIDENTIAL	$269,800	128 ft
5440 32ND AVE S MINNEAPOLIS MN 55417	TOM WATERMAN & MEGAN DEWEY	RESIDENTIAL	$267,400	163 ft
5444 32ND AVE S MINNEAPOLIS MN 55417	MCINTOSH VENTURES LLC	RESIDENTIAL	$362,600	168 ft
5436 32ND AVE S MINNEAPOLIS MN 55417	FEIG FAMILY TRUST	RESIDENTIAL	$309,500	169 ft
5425 31ST AVE S MINNEAPOLIS MN 55417	SEAN POWERS & NATALIA POWERS	RESIDENTIAL	$317,900	170 ft

Property History

Most Recent Sale

Date202012

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,831