947 28TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924220074

Property Overview

Parcel ID1202924220074

Lot Size5,090 sq ft (0.117 ac)

Lot Dimensions (est.)55 ft wide × 93 ft deep

Year Built1906

Property ClassRESIDENTIAL-TWO UNIT

OwnerSEAN B STINE & AMY L STINE

Assessed Value$350,700

Land Value$106,000

Building Value$244,700

Annual Tax$6,660

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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 rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 11

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 width45 ft

Buildable depth53 ft

Area~2,367 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 2,367 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
955 28TH AVE N E MINNEAPOLIS MN 55418	MARNI GINTHER	RESIDENTIAL	$292,900	54 ft
945 28TH AVE N E MINNEAPOLIS MN 55418	WIDNER JEAN-SIMON	RESIDENTIAL-TWO UNIT	$286,400	60 ft
2810 POLK ST N E MINNEAPOLIS MN 55418	DAVID H ENGEN	RESIDENTIAL-TWO UNIT	$313,700	93 ft
959 28TH AVE N E MINNEAPOLIS MN 55418	LYDIA B MILLARD	RESIDENTIAL-TWO UNIT	$363,200	115 ft
946 28TH AVE N E MINNEAPOLIS MN 55418	KARLA SCHULTZ	RESIDENTIAL	$179,600	130 ft
2814 POLK ST N E MINNEAPOLIS MN 55418	RANDALL ELIOT RASMUSSEN	RESIDENTIAL	$312,800	131 ft
2801 CENTRAL AVE N E MINNEAPOLIS MN 55418	ALVARADO PROPERTIES LLC	COMMERCIAL-PREFERRED	$839,000	148 ft
2750 POLK ST N E MINNEAPOLIS MN 55418	T & B KAMINSKI	RESIDENTIAL-TWO UNIT	$346,400	157 ft
2818 POLK ST N E MINNEAPOLIS MN 55418	P F P ZAMBRANO & V Y Z YUQUI	RESIDENTIAL	$262,000	173 ft
2746 POLK ST N E MINNEAPOLIS MN 55418	SAMUEL BRENING	RESIDENTIAL	$260,500	186 ft

Property History

Most Recent Sale

Date200805

Price$157,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,660