509 28TH ST W MINNEAPOLIS MN 55408

PID: 3402924330149

Property Overview

Parcel ID3402924330149

Lot Size2,673 sq ft (0.061 ac)

Lot Dimensions (est.)37 ft wide × 72 ft deep

Year Built1906

Property ClassRESIDENTIAL-TWO UNIT

OwnerE A LEUGERS & L M CARLSON

Assessed Value$344,800

Land Value$76,000

Building Value$268,800

Annual Tax$6,523

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Whittier · Minneapolis

Median reported rent1,679/mo

Renter-occupied91.6%

Median home value$386K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 77

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

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 width27 ft

Buildable depth32 ft

Area~777 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 sfr / adu benchmarks for 777 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2806 HARRIET AVE MINNEAPOLIS MN 55408	MADISON AVE HOMES LLC	VACANT LAND-RESIDENTIAL	$900	19 ft
515 28TH ST W MINNEAPOLIS MN 55408	DAVID G SCHAENZER ET AL JT T	RESIDENTIAL-TWO UNIT	$311,000	58 ft
2804 HARRIET AVE MINNEAPOLIS MN 55408	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$281,900	67 ft
2800 HARRIET AVE MINNEAPOLIS MN 55408	JAMES DUGAN & MARTI LOCOCO	RESIDENTIAL	$267,000	68 ft
2808 HARRIET AVE MINNEAPOLIS MN 55408	ZANZIBAR FINANCING INC	APARTMENT	$476,000	81 ft
2805 GARFIELD AVE MINNEAPOLIS MN 55408	TUPPER PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$417,000	97 ft
2809 GARFIELD AVE MINNEAPOLIS MN 55408	B J MONAHAN & A C THORSON	RESIDENTIAL-TWO UNIT	$394,100	116 ft
2812 HARRIET AVE MINNEAPOLIS MN 55408	J MIKULICHEK & ERIC COUGHLIN	RESIDENTIAL-TWO UNIT	$353,000	119 ft
2801 GARFIELD AVE MINNEAPOLIS MN 55408	MPLS UPTOWN RENTALS 2801 LLC	RESIDENTIAL-TWO UNIT	$333,100	121 ft
2813 GARFIELD AVE MINNEAPOLIS MN 55408	REGAN 2813 LLC	TRIPLEX	$391,800	143 ft

Property History

Most Recent Sale

Date199807

Price$110,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,523