5535 31ST AVE S MINNEAPOLIS MN 55417

PID: 1902823220154

Property Overview

Parcel ID1902823220154

Lot Size6,429 sq ft (0.148 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerDOROTHY G MUNSON

Assessed Value$248,500

Land Value$133,000

Building Value$115,500

Annual Tax$3,494

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 · $14K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$14K

MINNESOTA EXTERIORS INC

ResJun 2020Closed

CenterPoint Energy Resource Corp

ResMar 2018Closed

Warners Stellian Co Inc

ResAug 2017Closed

Norblom Plumbing Co

ExistresAug 2017Closed

Standard Heating and Air Conditioning Inc

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

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 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
5541 31ST AVE S MINNEAPOLIS MN 55417	BRIAN P CONKINS	RESIDENTIAL	$296,100	43 ft
5533 31ST AVE S MINNEAPOLIS MN 55417	B ZICKMUND & K ZICKMUND	RESIDENTIAL	$286,000	43 ft
5545 31ST AVE S MINNEAPOLIS MN 55417	MAREN MATTSON	RESIDENTIAL	$317,500	86 ft
5529 31ST AVE S MINNEAPOLIS MN 55417	TERESA MARIE BERG	RESIDENTIAL	$399,200	86 ft
5525 31ST AVE S MINNEAPOLIS MN 55417	M RYAN & D DUTELLE	RESIDENTIAL	$359,600	129 ft
5549 31ST AVE S MINNEAPOLIS MN 55417	SCOTT L WILSON	RESIDENTIAL	$211,000	129 ft
5536 32ND AVE S MINNEAPOLIS MN 55417	CUC KIM VU	RESIDENTIAL	$343,000	163 ft
5532 32ND AVE S MINNEAPOLIS MN 55417	LEROY G BOHLIN	RESIDENTIAL	$313,300	169 ft
5540 32ND AVE S MINNEAPOLIS MN 55417	JOSEPH ARTHUR BAUMER	RESIDENTIAL	$317,300	169 ft
5553 31ST AVE S MINNEAPOLIS MN 55417	M A & F W GROTHEM III	RESIDENTIAL	$245,000	171 ft

Property History

Most Recent Sale

Date199709

Price$65,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,494