2309 31ST AVE S MINNEAPOLIS MN 55406

PID: 3102923220140

Property Overview

Parcel ID3102923220140

Lot Size6,320 sq ft (0.145 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerKYLIE A MALCOLM

Assessed Value$387,000

Land Value$158,000

Building Value$229,000

Annual Tax$5,827

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $45K total declared value · Most recent: Jan 2026 (res)

ResJan 2026Inspection

Paul Bunyan Plumbing, LLC

RemodelNov 2024Closed

$6K

AMERICAN WATERWORKS

MiscOct 2023Closed

$16K

STORM GROUP ROOFING LLC

AccessoryJun 2022Closed

$23K

Minneapolis Garage Builders, LLC

RemodelSep 2020Closed

$450

THOMAS D R CURRIER

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
2305 31ST AVE S MINNEAPOLIS MN 55406	KATHERINE L GERM	RESIDENTIAL	$271,800	41 ft
2315 31ST AVE S MINNEAPOLIS MN 55406	M D WELCH & T A WELCH	RESIDENTIAL	$327,800	41 ft
2301 31ST AVE S MINNEAPOLIS MN 55406	ADAM LACKAFF-GILLIGAN ET AL	RESIDENTIAL	$330,700	82 ft
2221 31ST AVE S MINNEAPOLIS MN 55406	BRIDGET MELAND & WILL MELAND	RESIDENTIAL-TWO UNIT	$396,400	124 ft
3108 24TH ST E MINNEAPOLIS MN 55406	E MCCLEAR & B MCCLEAR	RESIDENTIAL	$366,300	142 ft
3104 24TH ST E MINNEAPOLIS MN 55406	ELLE BALIUS & PATRICK BALIUS	RESIDENTIAL	$309,200	142 ft
3100 24TH ST E MINNEAPOLIS MN 55406	PINEWOOD LLC	RESIDENTIAL	$300,000	152 ft
3112 24TH ST E MINNEAPOLIS MN 55406	N WOJCIAK & KELSEY WOJCIAK	RESIDENTIAL	$252,700	153 ft
2217 31ST AVE S MINNEAPOLIS MN 55406	B K OLSON & G OLSON	APARTMENT	$446,000	165 ft
2308 32ND AVE S MINNEAPOLIS MN 55406	MARCIA GREENFIELD TRUST	RESIDENTIAL	$479,800	167 ft

Property History

Most Recent Sale

Date202110

Price$385,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,827