3111 28TH AVE S MINNEAPOLIS MN 55406

PID: 0102824110057

Property Overview

Parcel ID0102824110057

Lot Size11,408 sq ft (0.262 ac)

Lot Dimensions (est.)157 ft wide × 73 ft deep

Year Built1929

Property ClassLOW INCOME RENTAL

OwnerJCJ INVESTMENTS INC

Assessed Value$586,000

Land Value$171,900

Building Value$414,100

Annual Tax$2,268

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

Longfellow · 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

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 width59 ft

Buildable depth125 ft

Area~7,330 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 7,330 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3117 28TH AVE S MINNEAPOLIS MN 55406	MICHAEL VALENTINER	TRIPLEX	$502,400	56 ft
3107 28TH AVE S MINNEAPOLIS MN 55406	PABLO ARIAS	RESIDENTIAL	$264,300	60 ft
3119 28TH AVE S MINNEAPOLIS MN 55406	J P & D A FAIR-HOLTON	RESIDENTIAL	$341,800	92 ft
3101 28TH AVE S MINNEAPOLIS MN 55406	MICHAEL S JOHNSON	RESIDENTIAL	$238,400	105 ft
3121 28TH AVE S MINNEAPOLIS MN 55406	STATE OF MINN	VACANT LAND-RESIDENTIAL	$0	112 ft
3123 28TH AVE S MINNEAPOLIS MN 55406	NANCY J MURPHY	RESIDENTIAL	$275,600	139 ft
3110 29TH AVE S MINNEAPOLIS MN 55406	A M A OLSON & S E A OLSON	RESIDENTIAL	$361,800	173 ft
3106 29TH AVE S MINNEAPOLIS MN 55406	JEFFREY G POBUDA	RESIDENTIAL	$307,900	178 ft
3116 29TH AVE S MINNEAPOLIS MN 55406	LISA MARIE BARTELS	RESIDENTIAL	$309,300	180 ft
3127 28TH AVE S MINNEAPOLIS MN 55406	JUSTIN G WOODY	RESIDENTIAL-TWO UNIT	$410,300	186 ft

Property History

Most Recent Sale

Date201203

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,268