4405 28TH AVE S MINNEAPOLIS MN 55406

PID: 1202824440226

Property Overview

Parcel ID1202824440226

Lot Size5,066 sq ft (0.116 ac)

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

Year Built1947

Property ClassRESIDENTIAL

OwnerM L NOETHE & D J NOETHE

Assessed Value$328,900

Land Value$136,000

Building Value$192,900

Annual Tax$4,836

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 depth87 ft

Area~2,599 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 2,599 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4401 28TH AVE S MINNEAPOLIS MN 55406	MICHAEL DREW & ASHLEY DREW	RESIDENTIAL-TWO UNIT	$434,100	39 ft
4409 28TH AVE S MINNEAPOLIS MN 55406	SUSAN E HOPE ERICKSON TRUST	RESIDENTIAL	$319,100	40 ft
4413 28TH AVE S MINNEAPOLIS MN 55406	IH3 PROPERTY MINNESOTA L P	RESIDENTIAL	$355,200	80 ft
4417 28TH AVE S MINNEAPOLIS MN 55406	K LIU & D LIU	RESIDENTIAL	$340,300	120 ft
4357 28TH AVE S MINNEAPOLIS MN 55406	MELISSA NG	TRIPLEX	$539,000	139 ft
4404 29TH AVE S MINNEAPOLIS MN 55406	S JOSEPHSON & V JOSPEHSON	RESIDENTIAL-TWO UNIT	$487,400	140 ft
4400 29TH AVE S MINNEAPOLIS MN 55406	NALEY ABDULLE	RESIDENTIAL	$292,000	145 ft
4408 29TH AVE S MINNEAPOLIS MN 55406	KATHRYN A RAMIREZ	RESIDENTIAL	$251,000	146 ft
4421 28TH AVE S MINNEAPOLIS MN 55406	N E BLAKE & SHANNON L BLAKE	RESIDENTIAL	$354,100	160 ft
4412 29TH AVE S MINNEAPOLIS MN 55406	R A LARSON/STEVEN S LATHROP	RESIDENTIAL	$302,700	162 ft

Property History

Current Tax Year

Year2026

Tax Due$4,836