3122 28TH AVE S MINNEAPOLIS MN 55406

PID: 0102824110008

Property Overview

Parcel ID0102824110008

Lot Size5,862 sq ft (0.135 ac)

Lot Dimensions (est.)83 ft wide × 71 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerTHE BRADSHAW GROUP INC

Assessed Value$105,500

Land Value$105,500

Building Value$0

Annual Tax$3,654

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

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 rent1,037/mo

Renter-occupied58.5%

Median home value$302K

Vacancy rate13.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1088

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width61 ft

Buildable depth43 ft

Area~2,603 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 2,603 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
3116 28TH AVE S MINNEAPOLIS MN 55406	AARON BROWN & AMBER BROWN	RESIDENTIAL-TWO UNIT	$360,900	64 ft
3131 MINNEHAHA AVE MINNEAPOLIS MN 55406	THE BRADSHAW GROUP INC	RESIDENTIAL	$1,640,000	118 ft
3117 MINNEHAHA AVE MINNEAPOLIS MN 55406	THE BRADSHAW GROUP INC	LAND-COMMERCIAL	$52,900	125 ft
3108 28TH AVE S MINNEAPOLIS MN 55406	J B STENGEL & S L HEIDEMANN	RESIDENTIAL-TWO UNIT	$371,700	126 ft
3109 MINNEHAHA AVE MINNEAPOLIS MN 55406	DOWNTOWN LONGFELLOW LLC	LAND-COMMERCIAL	$177,600	168 ft
3106 28TH AVE S MINNEAPOLIS MN 55406	FELIPE DIAZ	RESIDENTIAL	$216,500	182 ft
3119 28TH AVE S MINNEAPOLIS MN 55406	J P & D A FAIR-HOLTON	RESIDENTIAL	$341,800	200 ft
3117 28TH AVE S MINNEAPOLIS MN 55406	MICHAEL VALENTINER	TRIPLEX	$502,400	201 ft
3121 28TH AVE S MINNEAPOLIS MN 55406	STATE OF MINN	VACANT LAND-RESIDENTIAL	$0	202 ft
3123 28TH AVE S MINNEAPOLIS MN 55406	NANCY J MURPHY	RESIDENTIAL	$275,600	209 ft

Property History

Current Tax Year

Year2026

Tax Due$3,654