4308 28TH AVE S MINNEAPOLIS MN 55406

PID: 1202824420098

Property Overview

Parcel ID1202824420098

Lot Size5,054 sq ft (0.116 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerPATRICK K & MEGHAN J HERMANN

Assessed Value$282,900

Land Value$124,000

Building Value$158,900

Annual Tax$4,068

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth86 ft

Area~2,590 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 2,590 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
4304 28TH AVE S MINNEAPOLIS MN 55406	KYLE SCHULER	RESIDENTIAL	$344,200	40 ft
4312 28TH AVE S MINNEAPOLIS MN 55406	SARA JENSEN & TYLER JENSEN	RESIDENTIAL	$324,200	40 ft
4300 28TH AVE S MINNEAPOLIS MN 55406	JEFFREY LEE	RESIDENTIAL	$296,400	79 ft
4316 28TH AVE S MINNEAPOLIS MN 55406	MATTHEW J HAGEN	RESIDENTIAL	$245,000	80 ft
4320 28TH AVE S MINNEAPOLIS MN 55406	JESSE DAVID STOBB	RESIDENTIAL-TWO UNIT	$380,200	120 ft
4309 27TH AVE S MINNEAPOLIS MN 55406	SCHLUTER LIVING TRUST	RESIDENTIAL	$388,600	140 ft
4315 27TH AVE S MINNEAPOLIS MN 55406	TESSA M GANSER	RESIDENTIAL	$280,100	145 ft
4305 27TH AVE S MINNEAPOLIS MN 55406	JOHN F DONNELLY	RESIDENTIAL	$336,200	145 ft
4324 28TH AVE S MINNEAPOLIS MN 55406	EMMA ELIZABETH SCHAPER	RESIDENTIAL-TWO UNIT	$395,000	160 ft
4317 27TH AVE S MINNEAPOLIS MN 55406	P D ZARNAS & S C LIU	RESIDENTIAL	$378,700	161 ft

Property History

Most Recent Sale

Date201304

Price$169,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,068