2308 28TH AVE S MINNEAPOLIS MN 55406

PID: 3602924110113

Property Overview

Parcel ID3602924110113

Lot Size6,411 sq ft (0.147 ac)

Lot Dimensions (est.)160 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL-TWO UNIT

OwnerK M SEWELL & D L BERGLUND

Assessed Value$467,800

Land Value$153,000

Building Value$314,800

Annual Tax$7,180

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

No permits found in Minneapolis open data for this parcel.

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 width30 ft

Buildable depth120 ft

Area~3,608 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 3,608 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2304 28TH AVE S MINNEAPOLIS MN 55406	E E BLEIFUSS & S L KEMPF	RESIDENTIAL-TWO UNIT	$415,000	39 ft
2312 28TH AVE S MINNEAPOLIS MN 55406	F A KREIDER & A L R KREIDER	RESIDENTIAL	$459,800	40 ft
2316 28TH AVE S MINNEAPOLIS MN 55406	MARINA H LUGER	RESIDENTIAL-TWO UNIT	$461,800	80 ft
2300 28TH AVE S MINNEAPOLIS MN 55406	DOUGLAS G SIMPSON & WIFE	RESIDENTIAL	$369,000	80 ft
2220 28TH AVE S MINNEAPOLIS MN 55406	D R HUSTED & R C HAMLIN	RESIDENTIAL	$315,400	120 ft
2216 28TH AVE S MINNEAPOLIS MN 55406	C J MCFATE/S R MCFATE ET AL	RESIDENTIAL-TWO UNIT	$528,600	160 ft
2722 24TH ST E MINNEAPOLIS MN 55406	S & B MAINS	RESIDENTIAL-TWO UNIT	$386,100	163 ft
2728 24TH ST E MINNEAPOLIS MN 55406	CHARLOTTE M L KASPER	RESIDENTIAL	$325,000	165 ft
2307 27TH AVE S MINNEAPOLIS MN 55406	DONOVAN WALKER	TRIPLEX	$492,300	173 ft
2315 27TH AVE S MINNEAPOLIS MN 55406	MICHAEL H & CAROLYN A BROWN	RESIDENTIAL-TWO UNIT	$432,200	173 ft

Property History

Most Recent Sale

Date199506

Price$10,000

Type—

Current Tax Year

Year2026

Tax Due$7,180