5444 31ST AVE S MINNEAPOLIS MN 55417

PID: 2402824110059

Property Overview

Parcel ID2402824110059

Lot Size5,114 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerDAVID A OLSON ET AL TRUSTEES

Assessed Value$191,000

Land Value$125,000

Building Value$66,000

Annual Tax$2,946

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

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 width30 ft

Buildable depth88 ft

Area~2,635 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 2,635 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5440 31ST AVE S MINNEAPOLIS MN 55417	ROSEMARY LOUISE MOORE	RESIDENTIAL	$220,900	40 ft
5448 31ST AVE S MINNEAPOLIS MN 55417	KAREN ANN VICK	RESIDENTIAL	$315,200	40 ft
5436 31ST AVE S MINNEAPOLIS MN 55417	D R ISKIERKA & F E FIELDS JR	RESIDENTIAL	$335,400	80 ft
5452 31ST AVE S MINNEAPOLIS MN 55417	JESUS REYES YANEZ ET AL	RESIDENTIAL	$324,900	80 ft
5432 31ST AVE S MINNEAPOLIS MN 55417	JOEL N GOTFREDSON	RESIDENTIAL	$312,300	120 ft
5456 31ST AVE S MINNEAPOLIS MN 55417	T D PETERSON & K A PETERSON	RESIDENTIAL	$338,600	120 ft
5445 NOKOMIS AVE S MINNEAPOLIS MN 55417	RACHEL ELIZABETH QUAST ET AL	RESIDENTIAL	$309,800	142 ft
5441 NOKOMIS AVE S MINNEAPOLIS MN 55417	KELLEN OVERVIG	RESIDENTIAL	$286,300	147 ft
5449 NOKOMIS AVE S MINNEAPOLIS MN 55417	BRETT NOECKER	RESIDENTIAL	$282,400	148 ft
5428 31ST AVE S MINNEAPOLIS MN 55417	JAMES E BOHL	RESIDENTIAL	$381,600	160 ft

Property History

Most Recent Sale

Date200210

Price$34,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,946