Commercial > Retail > Boarding House, Apartment Hotel
Local Zoning Code
R1A
Legal Description
LOT 001 A ACKLEYS PARK AVE ADDN TO MPLS THAT PART OF LOT 1 LYING W OF THE E 75 FT THEREOF AND THAT PART OF LOT 2 LYING W OF THE E 79 FT THEREOF 41.40 X 80.00
Legal Range
24
Legal Township
028
Legal Section
11
Legal Quarter
32
Legal Subdivision
ACKLEYS PARK AVE ADDN TO MPLS
Legal Block
2
Legal Lot Number
1
Jurisdiction
HENNEPIN MN
Township / Civil Division
MINNEAPOLIS
Census Block Group
2
Census Block
2002
Census Tract
110900
Owner
631 E 42nd St, a commercial property, is owned and occupied by two individuals who bought it in January 2026.
Source: Hennepin County records, as of October 8, 2026
Owner of Record
2 Individual Names on File
Mailing Address
631 E 42ND ST, MINNEAPOLIS, MN 55407-3106
Occupancy
Owner Occupied
Owner Type
Individual
Vesting
Joint Tenants
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
WATERMARK TITLE AGENCY LLC, WATERMARK TITLE AGENCY
Transaction
Amount
Amount on Record
Downpayment
Downpayment on Record
Loan-to-Value (LTV)
LTV on Record
Tax
$742.50
Amount Accuracy
Rounded by County
Additional
Arm's Length
Transferred From (Grantor/Seller)
Name
Verified Name
Transferred To (Grantee/Buyer)
Name
Verified Name
Relationship
Joint Tenants
Address
631 E 42ND ST, MINNEAPOLIS, MN 55407-3106
Mortgage
Document Number
0A11431597
Date
Jan 7, 2026
Instrument
A11431597
Lender
Name
UNITED WHOLESALE MORTGAGE
Type
Mortgage Company
Agreement
Type
FHA Mortgage
Amount
Amount on Record
Term
361 Months
Due
Feb 1, 2056
November 2021: Warranty Deed, Transfer
Document Type
Warranty Deed
Jurisdiction
HENNEPIN MN
Recording Date
Nov 9, 2021
Property Address
631 E 42ND ST, MINNEAPOLIS, MN 55407-3106
Document Number
0A11042102
Instrument Date
Oct 29, 2021
Instrument
A11042102
Transaction Type
Transfer
Record Updated
Nov 26, 2021
Title Company
WATERMARK TITLE AGENCY LLC, WATERMARK TITLE AGENCY
Transaction
Amount
Amount on Record
Downpayment
Downpayment on Record
Loan-to-Value (LTV)
LTV on Record
Tax
$673.20
Amount Accuracy
Rounded by County
Additional
Arm's Length
Transferred From (Grantor/Seller)
Name
Verified Name
Transferred To (Grantee/Buyer)
Name
Verified Name
Relationship
Tenants in Common
Address
1223 RACE ST APT 702, 702, DENVER, CO 80206-2842
Investor
Possibly a Property Investor
Mortgage
Document Number
0A11042103
Date
Nov 9, 2021
Instrument
A11042103
Lender
Name
GUARANTEED RATE INC
Type
Mortgage Company
Agreement
Type
Conventional Mortgage
Amount
Amount on Record
Term
360 Months
Due
Nov 1, 2051
February 2020: Warranty Deed, Transfer
Document Type
Warranty Deed
Jurisdiction
HENNEPIN MN
Recording Date
Feb 19, 2020
Property Address
631 E 42ND ST, MINNEAPOLIS, MN 55407-3106
Document Number
0010758145
Instrument Date
Feb 14, 2020
Instrument
10758145
Transaction Type
Transfer
Record Updated
Mar 5, 2020
Title Company
FIRST AMERICAN TITLE, FIRST AMERICAN MTG SOLUTIONS
Transaction
Amount
Amount on Record
Downpayment
Downpayment on Record
Loan-to-Value (LTV)
LTV on Record
Tax
$604.00
Additional
Arm's Length
Transferred From (Grantor/Seller)
Name
Verified Name
Transferred To (Grantee/Buyer)
Name
Verified Name
Relationship
Tenants in Common
Address
631 E 42ND ST MINNEAPOLIS MN 554073106, MINNEAPOLIS, MN 55407-3106
Mortgage
Document Number
10758146
Date
Feb 19, 2020
Instrument
10758146
Lender
Name
NEW AMERICAN FNDG
Type
Funding / Finance Company
Address
TUSTIN, CA 92780
Agreement
Type
Conventional with PMI
Amount
Amount on Record
Term
360 Months
Due
Feb 18, 2050
Tax Assessment & Valuation
The 2025 property tax bill for 631 E 42nd St was $2,857.
Source: Hennepin County assessment roll, as of June 23, 2026
Property Jurisdictions
Type
Name
State
Minnesota
County
Hennepin County
Municipality
Minneapolis City
Unified School District
Minneapolis Public School District (PK - 12)
Tax Bill & Assessment History
Year
Tax Bill
Assessed Value
Assessed Market Value
2025
$2,857.00
$151,000 (-)Land $83,000Building $68,000
$151,000 (-)Land $83,000Building $68,000
2024
$151,000Land $83,000Building $68,000
$151,000Land $83,000Building $68,000
2023
$1,826.00
2022
$139,000Land $79,000Building $60,000
$139,000Land $79,000Building $60,000
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
Flood
FEMA maps place 631 E 42nd St in Zone X, an area of minimal flood risk, though there have been 12 flood claims nearby since 1980.
Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026
FEMA Flood Zone
Zone X minimal risk
Flood Insurance Requirement
Not required lenders may require it
Nearby Flood Policies
1 in force
Nearby Flood Claims
12 (1980–1997)
Claims Outside the SFHA
3 of 12
Most Recent Claim
Jul 1997 · Severe Storms, Tornadoes, High Winds, Flooding
Claims by Event
Severe Storms, Tornadoes, High Winds, Flooding, Jul 1997 · 2 claims
Severe Storms, Tornadoes & Flooding, Jul 1987 · 3 claims
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire
The area around 631 E 42nd St has no burnable land within ember reach, so its wildfire risk is not rated.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
Wildfire Risk
Not rated no burnable land within ember reach
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Drinking Water
Source: EPA Safe Drinking Water Information System, as of September 2026
Water System
Minneapolis serves 425,300 people · EPA ID MN1270024
Water Source
Surface water
Last State Inspection
Sep 2024
Lead
2 ppb (2022–2024) action level 15 ppb
Violations Reported to EPA
Water Quality
None last 10 years
Treatment and Procedure
None last 10 years
Monitoring and Reporting
None last 3 years
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.
Internet Providers
Source: FCC Broadband Data Collection, based on 868 locations within half a mile, as of December 31, 2025