3123 28TH AVE S MINNEAPOLIS MN 55406

PID: 0102824110102

Property Overview

Parcel ID0102824110102

Lot Size7,433 sq ft (0.171 ac)

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

Year Built1908

Property ClassRESIDENTIAL

OwnerNANCY J MURPHY

Assessed Value$275,600

Land Value$122,000

Building Value$153,600

Annual Tax$3,962

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

4 permits on record since 2020 · $28K total declared value · Most recent: Nov 2023 (res)

ResNov 2023Closed

Asap Underground LLC

ResApr 2023Closed

CenterPoint Energy Resource Corp

MiscMar 2021Closed

$7K

STORM GROUP ROOFING LLC

MiscFeb 2020Closed

$21K

TWIN CITIES SIDING PROFESSIONALS

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 depth118 ft

Area~4,373 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 4,373 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3121 28TH AVE S MINNEAPOLIS MN 55406	STATE OF MINN	VACANT LAND-RESIDENTIAL	$0	27 ft
3119 28TH AVE S MINNEAPOLIS MN 55406	J P & D A FAIR-HOLTON	RESIDENTIAL	$341,800	47 ft
3127 28TH AVE S MINNEAPOLIS MN 55406	JUSTIN G WOODY	RESIDENTIAL-TWO UNIT	$410,300	47 ft
3117 28TH AVE S MINNEAPOLIS MN 55406	MICHAEL VALENTINER	TRIPLEX	$502,400	82 ft
3131 28TH AVE S MINNEAPOLIS MN 55406	SEYED ALIREZA POURBAKHSH	RESIDENTIAL	$307,600	94 ft
3111 28TH AVE S MINNEAPOLIS MN 55406	JCJ INVESTMENTS INC	LOW INCOME RENTAL	$586,000	139 ft
3135 28TH AVE S MINNEAPOLIS MN 55406	ANDREW R HARRINGTON	RESIDENTIAL	$407,000	141 ft
3124 29TH AVE S MINNEAPOLIS MN 55406	THREE'S COMPANY LLC	RESIDENTIAL-TWO UNIT	$402,800	171 ft
3128 29TH AVE S MINNEAPOLIS MN 55406	NORIYAS P & SEAN N UN TRUST	RESIDENTIAL-TWO UNIT	$468,100	177 ft
3120 29TH AVE S MINNEAPOLIS MN 55406	DEBORAH A WOLKING	RESIDENTIAL-TWO UNIT	$431,600	178 ft

Property History

Current Tax Year

Year2026

Tax Due$3,962