4028 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824230199

Property Overview

Parcel ID1102824230199

Lot Size4,943 sq ft (0.113 ac)

Lot Dimensions (est.)116 ft wide × 43 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerJANET ECKHOFF/BRENT ECKHOFF

Assessed Value$491,800

Land Value$81,000

Building Value$410,800

Annual Tax$7,552

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2017 · $13K total declared value · Most recent: Feb 2025 (res)

ResFeb 2025Final Inspection

CHAMPION PLUMBING LLC

ExistresApr 2021Closed

Ray N Welter Heating Co

RemodelAug 2020Closed

$4K

EGRESS WINDOW GUY

MiscNov 2017Closed

$10K

RENEWAL BY ANDERSEN CORP

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

Neighborhood Profile

Bryant · Minneapolis

Median reported rent1,284/mo

Renter-occupied41.2%

Median home value$251K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 95

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth78 ft

Area~2,479 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 sfr / adu benchmarks for 2,479 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4024 PARK AVE MINNEAPOLIS MN 55407	M M BORNHOFT & A BORNHOFT	RESIDENTIAL	$348,800	42 ft
4032 PARK AVE MINNEAPOLIS MN 55407	NOLAN J MILLETT III REV TR	RESIDENTIAL	$309,500	43 ft
4020 PARK AVE MINNEAPOLIS MN 55407	STACEY LYNN COMBS	RESIDENTIAL	$336,500	83 ft
4036 PARK AVE MINNEAPOLIS MN 55407	CANDACE KNIGHT	RESIDENTIAL	$329,800	85 ft
4016 PARK AVE MINNEAPOLIS MN 55407	LIBIA WEBSTER	RESIDENTIAL	$258,900	125 ft
4040 PARK AVE MINNEAPOLIS MN 55407	R I J PENA & M G JAUREGUI	RESIDENTIAL	$343,000	128 ft
4029 OAKLAND AVE MINNEAPOLIS MN 55407	D L ANDERSON & A E VAN ERT	RESIDENTIAL	$337,900	130 ft
4025 OAKLAND AVE MINNEAPOLIS MN 55407	MIDWEST CHALLENGE INC	RESIDENTIAL	$0	136 ft
4033 OAKLAND AVE MINNEAPOLIS MN 55407	SEAN M DILLON/MALLORY DILLON	RESIDENTIAL	$368,700	137 ft
4021 OAKLAND AVE MINNEAPOLIS MN 55407	STAR POINT LLC	RESIDENTIAL	$206,800	154 ft

Property History

Most Recent Sale

Date201607

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,552