2436 31ST AVE S MINNEAPOLIS MN 55406

PID: 3602924140010

Property Overview

Parcel ID3602924140010

Lot Size6,036 sq ft (0.139 ac)

Lot Dimensions (est.)126 ft wide × 48 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerERIN E FENLON

Assessed Value$284,400

Land Value$156,000

Building Value$128,400

Annual Tax$4,108

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $4K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

Warners Stellian Co Inc

ExistresJan 2024Closed

Pronto Heating & Air Conditioning Inc

ResFeb 2023Closed

Urban Pine Plumbing and Mechanical Inc

MiscAug 2019Closed

$2K

THE HOME DEPOT

MiscJul 2017Closed

$2K

THE HOME DEPOT

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

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 depth86 ft

Area~3,257 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 3,257 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2432 31ST AVE S MINNEAPOLIS MN 55406	HALEY BURNS/NATHAN WHITTLE	RESIDENTIAL-TWO UNIT	$424,000	48 ft
3020 25TH ST E MINNEAPOLIS MN 55406	SIMPLE LIVING LLC	RESIDENTIAL-TWO UNIT	$234,500	73 ft
3018 25TH ST E MINNEAPOLIS MN 55406	G A GAGNER & M A BARDY	RESIDENTIAL	$186,000	75 ft
3024 25TH ST E MINNEAPOLIS MN 55406	P K O'BRIEN & S S BEAUMONT	RESIDENTIAL	$351,400	84 ft
3012 25TH ST E MINNEAPOLIS MN 55406	M D DANYAL & S G SANYAL	RESIDENTIAL	$208,800	87 ft
2428 31ST AVE S MINNEAPOLIS MN 55406	JAMIE HOORNAERT	RESIDENTIAL	$384,000	96 ft
3008 25TH ST E MINNEAPOLIS MN 55406	MICHAEL G HAWKINS	RESIDENTIAL-TWO UNIT	$412,100	130 ft
2437 30TH AVE S MINNEAPOLIS MN 55406	K CORCORAN & R CORCORAN	RESIDENTIAL	$456,400	139 ft
2424 31ST AVE S MINNEAPOLIS MN 55406	L A & M K TOURE	RESIDENTIAL	$329,300	144 ft
2433 30TH AVE S MINNEAPOLIS MN 55406	LINDA R THOMPSON ET AL	RESIDENTIAL	$394,400	147 ft

Property History

Most Recent Sale

Date201308

Price$178,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,108