2306 31ST AVE S MINNEAPOLIS MN 55406

PID: 3602924110153

Property Overview

Parcel ID3602924110153

Lot Size5,051 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL-TWO UNIT

OwnerH B CONBOY & C B CONBOY

Assessed Value$420,800

Land Value$143,000

Building Value$277,800

Annual Tax$7,991

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2024 · Most recent: Dec 2025 (existres)

ExistresDec 2025Closed

Standard Heating and Air Conditioning Inc

ExistresDec 2025Closed

Standard Heating and Air Conditioning Inc

ResMar 2024Closed

Urban Pine Plumbing and 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 width30 ft

Buildable depth86 ft

Area~2,587 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 2,587 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2312 31ST AVE S MINNEAPOLIS MN 55406	R REES & A CRONMILLER	RESIDENTIAL	$320,300	40 ft
2302 31ST AVE S MINNEAPOLIS MN 55406	N KUBOTA-ARMIN & E DENGATE	RESIDENTIAL	$360,700	40 ft
2314 31ST AVE S MINNEAPOLIS MN 55406	J A CUTTING & R G CUTTING	RESIDENTIAL-TWO UNIT	$370,400	80 ft
2300 31ST AVE S MINNEAPOLIS MN 55406	AARON & ROBIN VOREIS	RESIDENTIAL	$339,700	80 ft
2318 31ST AVE S MINNEAPOLIS MN 55406	JOHANNA E MILLER ET AL	RESIDENTIAL	$336,200	120 ft
2220 31ST AVE S MINNEAPOLIS MN 55406	D B WESTACOTT/R P MARKOWITZ	RESIDENTIAL	$441,900	120 ft
2307 30TH AVE S MINNEAPOLIS MN 55406	KAREN UTTER & STEVEN WOLETZ	RESIDENTIAL	$387,100	140 ft
2303 30TH AVE S MINNEAPOLIS MN 55406	R VISWANATHAN & R L ALPER	RESIDENTIAL	$410,600	145 ft
2311 30TH AVE S MINNEAPOLIS MN 55406	WALTER MICHAEL SWENTKO	RESIDENTIAL	$325,400	146 ft
2322 31ST AVE S MINNEAPOLIS MN 55406	DAVID G & JANE M P SIMPSON	RESIDENTIAL	$367,100	160 ft

Property History

Most Recent Sale

Date201103

Price$235,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,991