2820 31ST AVE S MINNEAPOLIS MN 55406

PID: 3602924440009

Property Overview

Parcel ID3602924440009

Lot Size6,137 sq ft (0.141 ac)

Lot Dimensions (est.)128 ft wide × 48 ft deep

Year Built1985

Property ClassRESIDENTIAL

OwnerDEBRA A DALBERG

Assessed Value$312,400

Land Value$96,000

Building Value$216,400

Annual Tax$6,209

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

No permits found in Minneapolis open data for this parcel.

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 depth88 ft

Area~3,337 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 3,337 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
2818 31ST AVE S MINNEAPOLIS MN 55406	J MOHAN & A N MOHAN	RESIDENTIAL	$244,400	36 ft
2824 31ST AVE S MINNEAPOLIS MN 55406	HASSAN PROPERTY GROUP LLC	APARTMENT	$428,000	48 ft
2816 31ST AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	72 ft
2830 31ST AVE S MINNEAPOLIS MN 55406	LUIS A CARPIO/INES M CARPIO	APARTMENT	$511,000	96 ft
2812 31ST AVE S MINNEAPOLIS MN 55406	BERNADETTE MOHS/LUIS ROSALES	RESIDENTIAL	$278,500	108 ft
2810 31ST AVE S MINNEAPOLIS MN 55406	SHERYL LAYER	RESIDENTIAL-TWO UNIT	$128,300	132 ft
2823 30TH AVE S MINNEAPOLIS MN 55406	E BLOUGH & A D HOLSTE	RESIDENTIAL	$169,000	140 ft
2821 30TH AVE S MINNEAPOLIS MN 55406	LISA MCCAY	RESIDENTIAL	$340,500	142 ft
2832 31ST AVE S MINNEAPOLIS MN 55406	CW HOLDINGS LLC	APARTMENT	$511,000	144 ft
2825 30TH AVE S MINNEAPOLIS MN 55406	BRENT RUSSELL	RESIDENTIAL-TWO UNIT	$243,000	148 ft

Property History

Most Recent Sale

Date201106

Price$150,600

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,209