2221 31ST AVE S MINNEAPOLIS MN 55406

PID: 3102923220137

Property Overview

Parcel ID3102923220137

Lot Size6,320 sq ft (0.145 ac)

Lot Dimensions (est.)153 ft wide × 41 ft deep

Year Built1908

Property ClassRESIDENTIAL-TWO UNIT

OwnerBRIDGET MELAND & WILL MELAND

Assessed Value$396,400

Land Value$158,000

Building Value$238,400

Annual Tax$7,528

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $20K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$20K

Weathersafe Restoration Inc

ExistresDec 2021Cancelled

Mike's Custom Mechanical Inc

ResAug 2021Cancelled

Mike's Custom Mechanical Inc

ExistresAug 2021Closed

Mike's Custom Mechanical 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth114 ft

Area~3,537 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 3,537 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
2217 31ST AVE S MINNEAPOLIS MN 55406	B K OLSON & G OLSON	APARTMENT	$446,000	41 ft
2301 31ST AVE S MINNEAPOLIS MN 55406	ADAM LACKAFF-GILLIGAN ET AL	RESIDENTIAL	$330,700	41 ft
2215 31ST AVE S MINNEAPOLIS MN 55406	D JUVLAND & R SHAHEEN	RESIDENTIAL	$326,000	82 ft
2305 31ST AVE S MINNEAPOLIS MN 55406	KATHERINE L GERM	RESIDENTIAL	$271,800	82 ft
2309 31ST AVE S MINNEAPOLIS MN 55406	KYLIE A MALCOLM	RESIDENTIAL	$387,000	124 ft
2315 31ST AVE S MINNEAPOLIS MN 55406	M D WELCH & T A WELCH	RESIDENTIAL	$327,800	165 ft
2220 32ND AVE S MINNEAPOLIS MN 55406	ANNE-METTE NIELSEN	RESIDENTIAL-TWO UNIT	$511,900	167 ft
2300 32ND AVE S MINNEAPOLIS MN 55406	DAVID STOLZBERG/ANNE SIEGLER	RESIDENTIAL	$467,900	171 ft
2216 32ND AVE S MINNEAPOLIS MN 55406	T J SWANSON & J M DRUCKER	RESIDENTIAL-TWO UNIT	$415,000	173 ft
3105 22ND ST E MINNEAPOLIS MN 55406	L MARSHALL & M A DUFFY	RESIDENTIAL	$314,900	183 ft

Property History

Most Recent Sale

Date202105

Price$231,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,528