946 28TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924220088

Property Overview

Parcel ID1202924220088

Lot Size2,700 sq ft (0.062 ac)

Lot Dimensions (est.)58 ft wide × 47 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerKARLA SCHULTZ

Assessed Value$179,600

Land Value$75,000

Building Value$104,600

Annual Tax$2,353

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $22K total declared value · Most recent: Sep 2024 (addition)

AdditionSep 2024Closed

$22K

Ahrens Construction LLC

ResOct 2023Closed

CenterPoint Energy Resource Corp

ResJun 2019Expired

Urban Pine Plumbing and Mechanical Inc

ExistresApr 2018Closed

ANDERSON'S RESIDENTIAL HEATING AND A / C INC

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

Neighborhood Profile

Audubon Park · 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 width48 ft

Buildable depth7 ft

Area~317 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 317 sqft buildable area.

Est. units

Yield on cost

6.7%

Spread

+1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2746 POLK ST N E MINNEAPOLIS MN 55418	SAMUEL BRENING	RESIDENTIAL	$260,500	75 ft
2750 POLK ST N E MINNEAPOLIS MN 55418	T & B KAMINSKI	RESIDENTIAL-TWO UNIT	$346,400	88 ft
2742 POLK ST N E MINNEAPOLIS MN 55418	BENJAMIN DENSON	RESIDENTIAL	$282,000	109 ft
947 28TH AVE N E MINNEAPOLIS MN 55418	SEAN B STINE & AMY L STINE	RESIDENTIAL-TWO UNIT	$350,700	130 ft
955 28TH AVE N E MINNEAPOLIS MN 55418	MARNI GINTHER	RESIDENTIAL	$292,900	140 ft
945 28TH AVE N E MINNEAPOLIS MN 55418	WIDNER JEAN-SIMON	RESIDENTIAL-TWO UNIT	$286,400	143 ft
2738 POLK ST N E MINNEAPOLIS MN 55418	NICOLE M HETTWER	RESIDENTIAL	$324,300	150 ft
959 28TH AVE N E MINNEAPOLIS MN 55418	LYDIA B MILLARD	RESIDENTIAL-TWO UNIT	$363,200	173 ft
2734 POLK ST N E MINNEAPOLIS MN 55418	E L VANSICLEN & S J COOK	RESIDENTIAL-TWO UNIT	$379,300	193 ft
2810 POLK ST N E MINNEAPOLIS MN 55418	DAVID H ENGEN	RESIDENTIAL-TWO UNIT	$313,700	208 ft

Property History

Most Recent Sale

Date200310

Price$145,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$2,353