4401 28TH AVE S MINNEAPOLIS MN 55406

PID: 1202824440227

Property Overview

Parcel ID1202824440227

Lot Size4,875 sq ft (0.112 ac)

Lot Dimensions (est.)126 ft wide × 39 ft deep

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL DREW & ASHLEY DREW

Assessed Value$434,100

Land Value$134,000

Building Value$300,100

Annual Tax$6,590

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $41K total declared value · Most recent: Sep 2025 (res)

ResSep 2025Inspection

Warners Stellian Co Inc

MiscApr 2021Closed

$10K

CRAFTSMEN HOME IMPROVEMENT INC

RemodelDec 2017Closed

$21K

ALL ENERGY SOLAR INC

MiscNov 2017Closed

$10K

CAPITAL CONSTRUCTION LLC

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

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width111 ft

Buildable depth0 ft

Area~2,036 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,036 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
4405 28TH AVE S MINNEAPOLIS MN 55406	M L NOETHE & D J NOETHE	RESIDENTIAL	$328,900	39 ft
4409 28TH AVE S MINNEAPOLIS MN 55406	SUSAN E HOPE ERICKSON TRUST	RESIDENTIAL	$319,100	79 ft
4357 28TH AVE S MINNEAPOLIS MN 55406	MELISSA NG	TRIPLEX	$539,000	100 ft
4413 28TH AVE S MINNEAPOLIS MN 55406	IH3 PROPERTY MINNESOTA L P	RESIDENTIAL	$355,200	119 ft
4353 28TH AVE S MINNEAPOLIS MN 55406	ERIC W OLSON	RESIDENTIAL	$327,400	139 ft
4400 29TH AVE S MINNEAPOLIS MN 55406	NALEY ABDULLE	RESIDENTIAL	$292,000	140 ft
4404 29TH AVE S MINNEAPOLIS MN 55406	S JOSEPHSON & V JOSPEHSON	RESIDENTIAL-TWO UNIT	$487,400	146 ft
4417 28TH AVE S MINNEAPOLIS MN 55406	K LIU & D LIU	RESIDENTIAL	$340,300	159 ft
4408 29TH AVE S MINNEAPOLIS MN 55406	KATHRYN A RAMIREZ	RESIDENTIAL	$251,000	161 ft
4356 29TH AVE S MINNEAPOLIS MN 55406	MARGARITO J GARCIA	RESIDENTIAL	$315,900	172 ft

Property History

Most Recent Sale

Date202503

Price$550,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,590