3111 FRANKLIN AVE E MINNEAPOLIS MN 55406

PID: 3102923220026

Property Overview

Parcel ID3102923220026

Lot Size5,378 sq ft (0.123 ac)

Lot Dimensions (est.)76 ft wide × 70 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerA S AVENIDO/S M C AVENIDO

Assessed Value$346,300

Land Value$135,000

Building Value$211,300

Annual Tax$5,145

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $49K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$18K

NORTHRUP REMODELING

RemodelJul 2024Closed

$2K

Midwest Egress

ResJan 2024Expired

Erik Nelson Plumbing LLC

ExistresJan 2024Closed

Aaron Avenido

RemodelJan 2024Closed

$29K

Safe Basements of MN

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width69 ft

Buildable depth28 ft

Area~2,489 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 small multifamily (2–4 units, wood frame) benchmarks for 2,489 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3105 FRANKLIN AVE E MINNEAPOLIS MN 55406	MINDY L JOHNSON TRUSTEE	RESIDENTIAL	$357,400	48 ft
2000 SEABURY AVE MINNEAPOLIS MN 55406	KURT A SEABERG	RESIDENTIAL-TWO UNIT	$390,300	66 ft
3103 FRANKLIN AVE E MINNEAPOLIS MN 55406	ABIGAIL ADDIS	RESIDENTIAL	$379,900	88 ft
3101 FRANKLIN AVE E MINNEAPOLIS MN 55406	3101 E FRANKLIN LLC	COMMERCIAL-PREFERRED	$421,000	125 ft
2008 SEABURY AVE MINNEAPOLIS MN 55406	DOMINIC & JENNA COOK TRIANA	RESIDENTIAL	$384,800	130 ft
2111 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	RALEE J RIESENBERG	RESIDENTIAL	$567,400	144 ft
2109 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	MORGAN AXEL SODERBERG	RESIDENTIAL	$289,100	158 ft
2107 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	MICHAEL R HALVORSON	RESIDENTIAL	$273,600	173 ft
2016 SEABURY AVE MINNEAPOLIS MN 55406	CRAIG A HENKE REV TR ET AL	RESIDENTIAL	$589,800	190 ft
2021 31ST AVE S MINNEAPOLIS MN 55406	PATRICIA J SOULAK	RESIDENTIAL-TWO UNIT	$340,500	191 ft

Property History

Most Recent Sale

Date201606

Price$297,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,145