2912 31ST AVE S MINNEAPOLIS MN 55406

PID: 3602924440129

Property Overview

Parcel ID3602924440129

Lot Size5,172 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerELIZABETH D GRAYDEN

Assessed Value$282,400

Land Value$88,000

Building Value$194,400

Annual Tax$4,075

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 ↗

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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 width30 ft

Buildable depth89 ft

Area~2,679 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 2,679 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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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	36 ft
2916 31ST AVE S MINNEAPOLIS MN 55406	C HOSANSKY & S HOSANSKY	RESIDENTIAL	$307,300	40 ft
2908 31ST AVE S MINNEAPOLIS MN 55406	BENJAMIN J VANACKEREN ETAL	RESIDENTIAL	$194,000	68 ft
2920 31ST AVE S MINNEAPOLIS MN 55406	ANNA HALL	RESIDENTIAL	$259,400	84 ft
2904 31ST AVE S MINNEAPOLIS MN 55406	BROCK K RASMUSSEN	RESIDENTIAL	$256,800	109 ft
2924 31ST AVE S MINNEAPOLIS MN 55406	GOOD DOMUS DUO LLC	RESIDENTIAL	$207,400	131 ft
3015 29TH ST E MINNEAPOLIS MN 55406	THOMAS J SEMANCHIN	RESIDENTIAL	$211,600	141 ft
2915 30TH AVE S MINNEAPOLIS MN 55406	REBECCA A KROENING	RESIDENTIAL	$254,700	141 ft
2917 30TH AVE S MINNEAPOLIS MN 55406	COLLEEN BRENNAN	RESIDENTIAL	$222,600	146 ft
3007 29TH ST E MINNEAPOLIS MN 55406	MARIO VICENTE LLANGARI	RESIDENTIAL	$255,100	151 ft

Property History

Most Recent Sale

Date200207

Price$172,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,075