5505 31ST AVE S MINNEAPOLIS MN 55417

PID: 1902823220085

Property Overview

Parcel ID1902823220085

Lot Size6,429 sq ft (0.148 ac)

Lot Dimensions (est.)150 ft wide × 43 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerE L NESS & A R ALONSO

Assessed Value$308,700

Land Value$133,000

Building Value$175,700

Annual Tax$5,840

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

5 permits on record since 2017 · $6K total declared value · Most recent: Oct 2019 (existres)

ExistresOct 2019Closed

Hoffman Refrigeration and Heating Ltd

ExistresJan 2018Closed

Mary Bolla

ResJan 2018Closed

Mary Bolla

ResDec 2017Closed

CENTERPOINT ENERGY

RemodelOct 2017Closed

$6K

Mary L Bolla

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Wenonah · 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 width33 ft

Buildable depth110 ft

Area~3,613 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 3,613 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5509 31ST AVE S MINNEAPOLIS MN 55417	SEAN DONOHUE	RESIDENTIAL	$236,200	43 ft
5501 31ST AVE S MINNEAPOLIS MN 55417	MATTHEW S KOHS	RESIDENTIAL	$257,200	43 ft
5513 31ST AVE S MINNEAPOLIS MN 55417	JOSH ESGET	RESIDENTIAL	$264,700	86 ft
5517 31ST AVE S MINNEAPOLIS MN 55417	ANN E NISTLER	RESIDENTIAL	$327,200	129 ft
5453 31ST AVE S MINNEAPOLIS MN 55417	LAURA LYNNE CRAMER	RESIDENTIAL	$300,600	145 ft
5504 32ND AVE S MINNEAPOLIS MN 55417	B K CASEY & D CASEY	RESIDENTIAL	$273,700	163 ft
5500 32ND AVE S MINNEAPOLIS MN 55417	A WIEHE & A M JOHNSON	RESIDENTIAL	$310,000	169 ft
5508 32ND AVE S MINNEAPOLIS MN 55417	ANDREW T MELBYE	RESIDENTIAL	$270,000	169 ft
5521 31ST AVE S MINNEAPOLIS MN 55417	PAMELA J CAVANAUGH	RESIDENTIAL	$326,100	172 ft
5512 32ND AVE S MINNEAPOLIS MN 55417	STAR POINT ENTERPRISE LLC	RESIDENTIAL	$270,000	184 ft

Property History

Most Recent Sale

Date202506

Price$250,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$5,840