3709 28TH AVE S MINNEAPOLIS MN 55406

PID: 0102824440069

Property Overview

Parcel ID0102824440069

Lot Size5,064 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerMARGARET A CHUN

Assessed Value$257,800

Land Value$114,000

Building Value$143,800

Annual Tax$3,729

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

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 width30 ft

Buildable depth87 ft

Area~2,598 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 2,598 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
3713 28TH AVE S MINNEAPOLIS MN 55406	ALEXIS WILLARD	RESIDENTIAL	$296,800	40 ft
3705 28TH AVE S MINNEAPOLIS MN 55406	ELIZABETH LOGSDEN ET AL	RESIDENTIAL	$255,000	40 ft
3701 28TH AVE S MINNEAPOLIS MN 55406	ERICA D SATHER	RESIDENTIAL	$276,700	77 ft
3717 28TH AVE S MINNEAPOLIS MN 55406	DANIEL DAHL & LYDIA DAHL	RESIDENTIAL	$272,100	90 ft
2815 37TH ST E MINNEAPOLIS MN 55406	ABIGAIL ALLAN	RESIDENTIAL	$313,000	128 ft
3708 29TH AVE S MINNEAPOLIS MN 55406	IBIZA LLC	RESIDENTIAL	$232,100	138 ft
3712 29TH AVE S MINNEAPOLIS MN 55406	JAMES MOTZ & BETHANY MOTZ	RESIDENTIAL	$262,700	144 ft
3725 28TH AVE S MINNEAPOLIS MN 55406	T S BLACK & B C NEAL	RESIDENTIAL	$334,500	150 ft
3716 29TH AVE S MINNEAPOLIS MN 55406	SHAWNNA KRAMER/JOHN SWANSON	RESIDENTIAL	$681,700	160 ft
3657 28TH AVE S MINNEAPOLIS MN 55406	DENNIS MARTIN & APRIL MARTIN	RESIDENTIAL	$246,900	179 ft

Property History

Most Recent Sale

Date201905

Price$212,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,729