1310 28TH ST W MINNEAPOLIS MN 55408

PID: 3302924420008

Property Overview

Parcel ID3302924420008

Lot Size5,876 sq ft (0.135 ac)

Lot Dimensions (est.)46 ft wide × 129 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerT J SIMMONS & T A BRYAN

Assessed Value$438,000

Land Value$289,300

Building Value$148,700

Annual Tax$8,510

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2022 · Most recent: Oct 2024 (res)

ResOct 2024Inspection

Water Heaters Now Inc

Commercial MinorJan 2024Expired

Warners Stellian Co Inc

ResMay 2022Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Lowry Hill East · Minneapolis

Median reported rent1,194/mo

Renter-occupied84.0%

Median home value$388K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1067

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width35 ft

Buildable depth91 ft

Area~3,171 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 3,171 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
2750 FREMONT AVE S MINNEAPOLIS MN 55408	BLAKE C VEITENHEIMER	RESIDENTIAL	$332,000	67 ft
1314 28TH ST W MINNEAPOLIS MN 55408	1314 WEST 28TH L L C	LOW INCOME RENTAL	$1,819,000	67 ft
2756 FREMONT AVE S MINNEAPOLIS MN 55408	BEDROCK REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$364,500	80 ft
2746 FREMONT AVE S MINNEAPOLIS MN 55408	AUDRA ELIZABETH WILLIAMS	RESIDENTIAL-TWO UNIT	$518,100	81 ft
2744 FREMONT AVE S MINNEAPOLIS MN 55408	MECHLINSKI INVESTMENTS LLC	APARTMENT	$548,000	109 ft
1320 28TH ST W MINNEAPOLIS MN 55408	PRAMOL MATHEW	RESIDENTIAL	$335,300	136 ft
2741 GIRARD AVE S MINNEAPOLIS MN 55408	A L FULLER & B T TURFLINGER	RESIDENTIAL	$223,000	141 ft
2732 FREMONT AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	146 ft
2739 GIRARD AVE S MINNEAPOLIS MN 55408	JESSE A MERK	CONDOMINIUM	$128,000	148 ft
2739 GIRARD AVE S MINNEAPOLIS MN 55408	RAUHAT LLC	CONDOMINIUM	$122,000	148 ft

Property History

Most Recent Sale

Date200406

Price$354,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,510