4728 29TH AVE S MINNEAPOLIS MN 55406

PID: 1302824110140

Property Overview

Parcel ID1302824110140

Lot Size7,591 sq ft (0.174 ac)

Lot Dimensions (est.)127 ft wide × 60 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerS T RAPSON & N O RAPSON

Assessed Value$626,000

Land Value$222,000

Building Value$404,000

Annual Tax$10,094

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $107K total declared value · Most recent: May 2022 (res)

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscMay 2018Closed

$7K

NORTHRUP REMODELING

ResJun 2017Closed

Roberts Plumbing Inc

ExistresJun 2017Closed

Centraire Heating & Air Conditioning LLC

RemodelMay 2017Closed

$100K

MILL CITY BUILDERS LLP

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth87 ft

Area~4,323 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 4,323 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4732 29TH AVE S MINNEAPOLIS MN 55406	M J DOVE & J L LOGUE	RESIDENTIAL	$374,000	50 ft
4722 29TH AVE S MINNEAPOLIS MN 55406	D S FRASER & I V PONOMARENKO	RESIDENTIAL	$689,400	60 ft
4716 29TH AVE S MINNEAPOLIS MN 55406	M L ZEMBRYKI & J R LONG	RESIDENTIAL	$435,000	110 ft
4729 28TH AVE S MINNEAPOLIS MN 55406	BORIS KOYRAKH	RESIDENTIAL-TWO UNIT	$475,500	141 ft
4725 28TH AVE S MINNEAPOLIS MN 55406	DAVID L ASHBY/ANGELA M JACOB	RESIDENTIAL	$424,500	143 ft
2816 E MINNEHAHA PKWY MINNEAPOLIS MN 55406	L B DAVICH & B A JETTE	RESIDENTIAL	$514,000	149 ft
4733 28TH AVE S MINNEAPOLIS MN 55406	MARY J ALLEN	RESIDENTIAL-TWO UNIT	$451,300	149 ft
4712 29TH AVE S MINNEAPOLIS MN 55406	LEE SWANSON & RACHEL SWANSON	RESIDENTIAL	$513,800	150 ft
2820 E MINNEHAHA PKWY MINNEAPOLIS MN 55406	MAYSON LEE	RESIDENTIAL	$411,000	154 ft
4721 28TH AVE S MINNEAPOLIS MN 55406	LONGSHAFT ENTERPRISES LLC	RESIDENTIAL-TWO UNIT	$476,800	156 ft

Property History

Most Recent Sale

Date201307

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,094