2512 31ST AVE S MINNEAPOLIS MN 55406

PID: 3602924140145

Property Overview

Parcel ID3602924140145

Lot Size5,992 sq ft (0.138 ac)

Lot Dimensions (est.)125 ft wide × 48 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerSUZANNE M LAUER TRUST

Assessed Value$324,100

Land Value$142,000

Building Value$182,100

Annual Tax$4,773

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $7K total declared value · Most recent: May 2021 (misc)

MiscMay 2021Closed

$1K

FINAL SOLUTIONS WATERPROOFING LLC

ExistresJul 2019Closed

Centraire Heating & Air Conditioning LLC

ResJul 2019Closed

Centraire Heating & Air Conditioning LLC

MiscJul 2019Closed

$6K

KAUFMAN SHEET METAL ROOFING INC

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 depth85 ft

Area~3,222 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 3,222 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
2508 31ST AVE S MINNEAPOLIS MN 55406	JOHN GILL	RESIDENTIAL	$312,400	48 ft
2516 31ST AVE S MINNEAPOLIS MN 55406	DEANE M MORRISON	RESIDENTIAL	$237,900	48 ft
2520 31ST AVE S MINNEAPOLIS MN 55406	J M DAVIS SR & K A WALTER	RESIDENTIAL	$347,500	96 ft
3021 25TH ST E MINNEAPOLIS MN 55406	EMILY ANN HASSENSTAB	RESIDENTIAL	$297,800	120 ft
3019 25TH ST E MINNEAPOLIS MN 55406	NOAH ENDESHAW	RESIDENTIAL	$209,000	122 ft
3023 25TH ST E MINNEAPOLIS MN 55406	B P YENTZER & C YENTZER	RESIDENTIAL	$255,200	128 ft
3017 25TH ST E MINNEAPOLIS MN 55406	M A BOTTOLI/G M BOTTOLI ETAL	RESIDENTIAL	$233,000	129 ft
2515 30TH AVE S MINNEAPOLIS MN 55406	DENISE F CUMMING	RESIDENTIAL	$277,800	138 ft
2524 31ST AVE S MINNEAPOLIS MN 55406	GEORGE E ROTHENBERGER	RESIDENTIAL	$353,200	144 ft
2509 30TH AVE S MINNEAPOLIS MN 55406	S K LEE ET AL	RESIDENTIAL-TWO UNIT	$336,300	146 ft

Property History

Most Recent Sale

Date201407

Price$257,400

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,773