5549 31ST AVE S MINNEAPOLIS MN 55417

PID: 1902823220151

Property Overview

Parcel ID1902823220151

Lot Size6,429 sq ft (0.148 ac)

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

Year Built1927

Property ClassRESIDENTIAL

OwnerSCOTT L WILSON

Assessed Value$211,000

Land Value$133,000

Building Value$78,000

Annual Tax$2,868

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

2 permits on record since 2019 · Most recent: Jun 2020 (res)

ResJun 2020Closed

CenterPoint Energy Resource Corp

ResOct 2019Closed

CHAMPION PLUMBING LLC

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
5553 31ST AVE S MINNEAPOLIS MN 55417	M A & F W GROTHEM III	RESIDENTIAL	$245,000	42 ft
5545 31ST AVE S MINNEAPOLIS MN 55417	MAREN MATTSON	RESIDENTIAL	$317,500	43 ft
5541 31ST AVE S MINNEAPOLIS MN 55417	BRIAN P CONKINS	RESIDENTIAL	$296,100	86 ft
5535 31ST AVE S MINNEAPOLIS MN 55417	DOROTHY G MUNSON	RESIDENTIAL	$248,500	129 ft
5601 31ST AVE S MINNEAPOLIS MN 55417	J LANG & K BINNING	RESIDENTIAL	$325,800	145 ft
5548 32ND AVE S MINNEAPOLIS MN 55417	G N LARSON & P LARSON	RESIDENTIAL	$317,600	163 ft
5552 32ND AVE S MINNEAPOLIS MN 55417	MATTHEW MEYER/MARIA GALLEGOS	RESIDENTIAL	$403,100	168 ft
5544 32ND AVE S MINNEAPOLIS MN 55417	JULIO N PREZZHAGUI	RESIDENTIAL	$326,000	169 ft
5533 31ST AVE S MINNEAPOLIS MN 55417	B ZICKMUND & K ZICKMUND	RESIDENTIAL	$286,000	172 ft
5540 32ND AVE S MINNEAPOLIS MN 55417	JOSEPH ARTHUR BAUMER	RESIDENTIAL	$317,300	185 ft

Property History

Most Recent Sale

Date199007

Price$42,200

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,868