2021 31ST AVE S MINNEAPOLIS MN 55406

PID: 3102923220068

Property Overview

Parcel ID3102923220068

Lot Size4,909 sq ft (0.113 ac)

Lot Dimensions (est.)32 ft wide × 155 ft deep

Year Built1913

Property ClassRESIDENTIAL-TWO UNIT

OwnerPATRICIA J SOULAK

Assessed Value$340,500

Land Value$141,000

Building Value$199,500

Annual Tax$6,466

Environmental Constraints

FloodplainNo

WetlandsUnknown

Historic DistrictNo

Permit History

3 permits on record since 2020 · Most recent: Jul 2023 (res)

ResJul 2023Closed

Warners Stellian Co Inc

ResOct 2021Closed

Dean's Professional Plumbing Inc

ResSep 2020Closed

Dean's Professional Plumbing Inc

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

Estimated · verify frontage

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width19 ft

Buildable depth115 ft

Area~1,544 sqft

Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.

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 1,544 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2107 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	MICHAEL R HALVORSON	RESIDENTIAL	$273,600	30 ft
2109 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	MORGAN AXEL SODERBERG	RESIDENTIAL	$289,100	59 ft
2111 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	RALEE J RIESENBERG	RESIDENTIAL	$567,400	114 ft
3101 FRANKLIN AVE E MINNEAPOLIS MN 55406	3101 E FRANKLIN LLC	COMMERCIAL-PREFERRED	$421,000	157 ft
2020 31ST AVE S MINNEAPOLIS MN 55406	DENISE R KARNEY	RESIDENTIAL	$271,700	158 ft
3103 FRANKLIN AVE E MINNEAPOLIS MN 55406	ABIGAIL ADDIS	RESIDENTIAL	$379,900	159 ft
2016 31ST AVE S MINNEAPOLIS MN 55406	KAREN J WHITLOCK	RESIDENTIAL	$355,200	161 ft
2024 31ST AVE S MINNEAPOLIS MN 55406	WILLIAM R HERB	RESIDENTIAL	$296,400	166 ft
2113 MINNEAPOLIS AVE MINNEAPOLIS MN 55406	KAREN MOON	RESIDENTIAL-TWO UNIT	$411,800	167 ft
3105 FRANKLIN AVE E MINNEAPOLIS MN 55406	MINDY L JOHNSON TRUSTEE	RESIDENTIAL	$357,400	169 ft

Property History

Most Recent Sale

Date200205

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,466