2819 31ST AVE S MINNEAPOLIS MN 55406

PID: 3102923330061

Property Overview

Parcel ID3102923330061

Lot Size6,831 sq ft (0.157 ac)

Lot Dimensions (est.)142 ft wide × 48 ft deep

Year Built1911

Property ClassRESIDENTIAL-TWO UNIT

OwnerDEAN L BLOMGREN

Assessed Value$335,000

Land Value$133,000

Building Value$202,000

Annual Tax$6,363

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2017 · Most recent: May 2017 (existres)

ExistresMay 2017Closed

Boehm's Inc

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

Neighborhood Profile

Minneapolis

Median reported rent1,200/mo

Renter-occupied43.8%

Median home value$252K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1074

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 width38 ft

Buildable depth102 ft

Area~3,887 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 3,887 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2825 31ST AVE S MINNEAPOLIS MN 55406	JEROME DERRION NARINE	RESIDENTIAL-TWO UNIT	$393,200	48 ft
2817 31ST AVE S MINNEAPOLIS MN 55406	Y A HUERTA & M C S DE HUERTA	RESIDENTIAL	$285,500	48 ft
2829 31ST AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL-TWO UNIT	$0	96 ft
2815 31ST AVE S MINNEAPOLIS MN 55406	ANDREW MAROTZ	RESIDENTIAL	$288,800	96 ft
2833 31ST AVE S MINNEAPOLIS MN 55406	MARTIN J KERSTEN	RESIDENTIAL	$418,400	144 ft
2809 31ST AVE S MINNEAPOLIS MN 55406	AMIRA MUKTAR	APARTMENT	$572,000	144 ft
2820 32ND AVE S MINNEAPOLIS MN 55406	RICHARD JOHNSON	RESIDENTIAL	$203,400	154 ft
2816 32ND AVE S MINNEAPOLIS MN 55406	ANITA JUREVICA	RESIDENTIAL	$462,300	161 ft
2824 32ND AVE S MINNEAPOLIS MN 55406	KAI K HUTCHINS	RESIDENTIAL	$321,500	161 ft
2828 32ND AVE S MINNEAPOLIS MN 55406	PATRICIA K SEFLOW	RESIDENTIAL	$356,500	181 ft

Property History

Current Tax Year

Year2026

Tax Due$6,363