3127 28TH AVE S MINNEAPOLIS MN 55406

PID: 0102824110101

Property Overview

Parcel ID0102824110101

Lot Size7,481 sq ft (0.172 ac)

Lot Dimensions (est.)159 ft wide × 47 ft deep

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

OwnerJUSTIN G WOODY

Assessed Value$410,300

Land Value$121,000

Building Value$289,300

Annual Tax$7,792

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

1 permit on record since 2023 · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

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

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 width37 ft

Buildable depth119 ft

Area~4,409 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 4,409 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3131 28TH AVE S MINNEAPOLIS MN 55406	SEYED ALIREZA POURBAKHSH	RESIDENTIAL	$307,600	47 ft
3123 28TH AVE S MINNEAPOLIS MN 55406	NANCY J MURPHY	RESIDENTIAL	$275,600	47 ft
3121 28TH AVE S MINNEAPOLIS MN 55406	STATE OF MINN	VACANT LAND-RESIDENTIAL	$0	74 ft
3119 28TH AVE S MINNEAPOLIS MN 55406	J P & D A FAIR-HOLTON	RESIDENTIAL	$341,800	94 ft
3135 28TH AVE S MINNEAPOLIS MN 55406	ANDREW R HARRINGTON	RESIDENTIAL	$407,000	94 ft
3117 28TH AVE S MINNEAPOLIS MN 55406	MICHAEL VALENTINER	TRIPLEX	$502,400	130 ft
3139 28TH AVE S MINNEAPOLIS MN 55406	H & R LANIER JR	RESIDENTIAL-TWO UNIT	$394,000	141 ft
3128 29TH AVE S MINNEAPOLIS MN 55406	NORIYAS P & SEAN N UN TRUST	RESIDENTIAL-TWO UNIT	$468,100	171 ft
3132 29TH AVE S MINNEAPOLIS MN 55406	W ANDERSON & E HOFFMAN	RESIDENTIAL	$395,000	177 ft
3124 29TH AVE S MINNEAPOLIS MN 55406	THREE'S COMPANY LLC	RESIDENTIAL-TWO UNIT	$402,800	178 ft

Property History

Most Recent Sale

Date201707

Price$327,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,792