2908 31ST AVE S MINNEAPOLIS MN 55406

PID: 3602924440127

Property Overview

Parcel ID3602924440127

Lot Size4,132 sq ft (0.095 ac)

Lot Dimensions (est.)129 ft wide × 32 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerBENJAMIN J VANACKEREN ETAL

Assessed Value$194,000

Land Value$78,000

Building Value$116,000

Annual Tax$2,595

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

1 permit on record since 2024 · Most recent: Sep 2024 (existres)

ExistresSep 2024Closed

Dean's Professional Plumbing Inc

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

Neighborhood Profile

Longfellow · 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 width22 ft

Buildable depth89 ft

Area~1,961 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 1,961 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2910 31ST AVE S MINNEAPOLIS MN 55406	ARNOLD D BLAIR	RESIDENTIAL	$131,000	32 ft
2904 31ST AVE S MINNEAPOLIS MN 55406	BROCK K RASMUSSEN	RESIDENTIAL	$256,800	43 ft
2912 31ST AVE S MINNEAPOLIS MN 55406	ELIZABETH D GRAYDEN	RESIDENTIAL	$282,400	68 ft
3015 29TH ST E MINNEAPOLIS MN 55406	THOMAS J SEMANCHIN	RESIDENTIAL	$211,600	81 ft
3021 29TH ST E MINNEAPOLIS MN 55406	ANDREA RAMIREZ	RESIDENTIAL	$250,200	90 ft
2916 31ST AVE S MINNEAPOLIS MN 55406	C HOSANSKY & S HOSANSKY	RESIDENTIAL	$307,300	108 ft
3009 29TH ST E MINNEAPOLIS MN 55406	JOSHUA MARK HUMPHREY	RESIDENTIAL	$225,500	110 ft
3007 29TH ST E MINNEAPOLIS MN 55406	MARIO VICENTE LLANGARI	RESIDENTIAL	$255,100	120 ft
2920 31ST AVE S MINNEAPOLIS MN 55406	ANNA HALL	RESIDENTIAL	$259,400	152 ft
2915 30TH AVE S MINNEAPOLIS MN 55406	REBECCA A KROENING	RESIDENTIAL	$254,700	152 ft

Property History

Most Recent Sale

Date201312

Price$130,515

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,595