2015 28TH AVE S MINNEAPOLIS MN 55406

PID: 3602924110033

Property Overview

Parcel ID3602924110033

Lot Size7,441 sq ft (0.171 ac)

Lot Dimensions (est.)158 ft wide × 47 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerDAVID C KNOPP

Assessed Value$355,100

Land Value$153,000

Building Value$202,100

Annual Tax$5,292

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

3 permits on record since 2002 · $110K total declared value · Most recent: Jan 2021 (res)

ResJan 2021Closed

Water Heaters Now Inc

ResJan 2017Closed

CENTERPOINT ENERGY

Building Re-inspectionFeb 2002

$110K

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

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 width37 ft

Buildable depth118 ft

Area~4,377 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 4,377 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
2017 28TH AVE S MINNEAPOLIS MN 55406	S E BENDIK & C CHIANG	RESIDENTIAL	$322,100	43 ft
2021 28TH AVE S MINNEAPOLIS MN 55406	C R HEXUM & M C BACKER	RESIDENTIAL	$404,300	84 ft
2823 FRANKLIN AVE E MINNEAPOLIS MN 55406	SEWARD COMMUNITY CO-OP INC	COMMERCIAL-PREFERRED	$3,266,500	124 ft
2025 28TH AVE S MINNEAPOLIS MN 55406	STEVEN GILBERT MCCAULEY	RESIDENTIAL	$304,000	124 ft
2101 28TH AVE S MINNEAPOLIS MN 55406	KATHLEEN A OLSEN	RESIDENTIAL-TWO UNIT	$424,600	163 ft
2020 29TH AVE S MINNEAPOLIS MN 55406	WAVE HOLDINGS LLC ET AL	RESIDENTIAL-TWO UNIT	$352,200	190 ft
2105 28TH AVE S MINNEAPOLIS MN 55406	BRUCE L BAUERMEISTER	RESIDENTIAL	$322,900	204 ft
2024 29TH AVE S MINNEAPOLIS MN 55406	B I WOOLLEY & B M BERG	RESIDENTIAL	$367,400	211 ft
2012 28TH AVE S MINNEAPOLIS MN 55406	CRAIG SEE	RESIDENTIAL	$296,200	238 ft
2016 28TH AVE S MINNEAPOLIS MN 55406	R S WHITE & A BROSS-WHITE	RESIDENTIAL	$379,400	242 ft

Property History

Most Recent Sale

Date198409

Price$75,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,292