228 WASHBURN AVE N MINNEAPOLIS MN 55405

PID: 2002924430119

Property Overview

Parcel ID2002924430119

Lot Size6,399 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerSHARON M ROSE/JOHN M SCHULTZ

Assessed Value$581,700

Land Value$219,000

Building Value$362,700

Annual Tax$9,250

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $30K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2023Closed

$30K

Gopher Roofing and Restoration Inc

ExistresFeb 2020Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width40 ft

Buildable depth88 ft

Area~3,517 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 3,517 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
224 WASHBURN AVE N MINNEAPOLIS MN 55405	E F MORITZ & P-D THAO	RESIDENTIAL	$562,800	50 ft
232 WASHBURN AVE N MINNEAPOLIS MN 55405	SCHROEDER-GLASS FAMILY TRUST	RESIDENTIAL	$440,800	50 ft
220 WASHBURN AVE N MINNEAPOLIS MN 55405	WINSTON WILDEBUSH	RESIDENTIAL	$409,200	100 ft
236 WASHBURN AVE N MINNEAPOLIS MN 55405	W J KORDIAK & P A PUNDSACK	RESIDENTIAL	$404,600	100 ft
229 VINCENT AVE N MINNEAPOLIS MN 55405	DEBORAH J MINER	RESIDENTIAL	$418,200	141 ft
233 VINCENT AVE N MINNEAPOLIS MN 55405	RAE M MILOSEVICH	RESIDENTIAL	$373,600	150 ft
221 VINCENT AVE N MINNEAPOLIS MN 55405	CHRISTIEN BELL & ANDREA BELL	RESIDENTIAL	$409,500	150 ft
216 WASHBURN AVE N MINNEAPOLIS MN 55405	ANDREW BELL & STEPHANIE BELL	RESIDENTIAL	$418,300	150 ft
240 WASHBURN AVE N MINNEAPOLIS MN 55405	BRENDA MARTINSON	RESIDENTIAL	$483,900	150 ft
217 VINCENT AVE N MINNEAPOLIS MN 55405	CORY MATTHEW COX	RESIDENTIAL	$352,600	173 ft

Property History

Most Recent Sale

Date201508

Price$364,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,250