4722 28TH AVE S MINNEAPOLIS MN 55406

PID: 1302824120005

Property Overview

Parcel ID1302824120005

Lot Size5,286 sq ft (0.121 ac)

Lot Dimensions (est.)123 ft wide × 43 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerA MALLOY & K LACH

Assessed Value$586,000

Land Value$181,000

Building Value$405,000

Annual Tax$9,338

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $55K total declared value · Most recent: Sep 2025 (existres)

ExistresSep 2025Inspection

MAJESTIC CUSTOM HEATING & AIR CONDITIONING

MiscApr 2024Closed

$23K

SNAP CONSTRUCTION INC

ResMay 2017Closed

Nybo Peterson Plumbing Co Inc

RemodelMay 2017Closed

$32K

NORTHRUP REMODELING

ExistresMay 2017Closed

KLINE CORP

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth83 ft

Area~2,736 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 2,736 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
4716 28TH AVE S MINNEAPOLIS MN 55406	JOEL HENRY	RESIDENTIAL-TWO UNIT	$455,000	43 ft
4724 28TH AVE S MINNEAPOLIS MN 55406	RAYMOND W HALL	RESIDENTIAL	$521,300	43 ft
4712 28TH AVE S MINNEAPOLIS MN 55406	DANIEL KILIBARDA TRUST	RESIDENTIAL	$457,000	86 ft
4728 28TH AVE S MINNEAPOLIS MN 55406	JUNO CHOI & KATHERINE WINKEL	RESIDENTIAL	$463,000	86 ft
4708 28TH AVE S MINNEAPOLIS MN 55406	PATRICIA A COYLE	RESIDENTIAL	$471,700	129 ft
4732 28TH AVE S MINNEAPOLIS MN 55406	O & M HOLLAND	RESIDENTIAL	$460,400	129 ft
4725 27TH AVE S MINNEAPOLIS MN 55406	JUSTIN HELLER & JENNA HELLER	RESIDENTIAL	$491,000	136 ft
4727 27TH AVE S MINNEAPOLIS MN 55406	MABBS FAMILY TRUST	RESIDENTIAL	$463,300	143 ft
4717 27TH AVE S MINNEAPOLIS MN 55406	J R KLEINSCHMIT TRUST ET AL	RESIDENTIAL	$710,800	143 ft
4715 27TH AVE S MINNEAPOLIS MN 55406	CHELSEA STEAD & BEAU STEAD	RESIDENTIAL	$506,000	160 ft

Property History

Most Recent Sale

Date201301

Price$342,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,338