2523 28TH AVE S MINNEAPOLIS MN 55406

PID: 3602924140102

Property Overview

Parcel ID3602924140102

Lot Size7,538 sq ft (0.173 ac)

Lot Dimensions (est.)157 ft wide × 48 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerKELSIE TRAVERS

Assessed Value$365,400

Land Value$161,000

Building Value$204,400

Annual Tax$5,464

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $11K total declared value · Most recent: Mar 2026 (res)

ResMar 2026Closed

St Paul Pipeworks LLC

Commercial Multi-FamilyNov 2018Closed

$3K

Residential Heating and Air Conditioning Inc

MiscMay 2018Closed

$8K

ZUPS CONSTRUCTION LLC

ResMar 2017Closed

Barnes Plumbing Co Inc

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

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 width38 ft

Buildable depth117 ft

Area~4,447 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 4,447 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
2525 28TH AVE S MINNEAPOLIS MN 55406	CHESTER FORARE	RESIDENTIAL-TWO UNIT	$335,700	48 ft
2517 28TH AVE S MINNEAPOLIS MN 55406	JAMES J TUCKER	RESIDENTIAL	$306,800	48 ft
2529 28TH AVE S MINNEAPOLIS MN 55406	D V & J K LYMAN	RESIDENTIAL	$274,700	96 ft
2513 28TH AVE S MINNEAPOLIS MN 55406	W K CURRIE & T G CURRIE	RESIDENTIAL-TWO UNIT	$402,400	96 ft
2533 28TH AVE S MINNEAPOLIS MN 55406	LEVI R YOURCHUCK	RESIDENTIAL-TWO UNIT	$336,700	144 ft
2509 28TH AVE S MINNEAPOLIS MN 55406	NGA T NOBLE	RESIDENTIAL-TWO UNIT	$349,500	144 ft
2520 29TH AVE S MINNEAPOLIS MN 55406	EARTHA M BORER-BELL ET AL	RESIDENTIAL	$528,600	173 ft
2526 29TH AVE S MINNEAPOLIS MN 55406	D L COTTRELL & D S COTTRELL	RESIDENTIAL-TWO UNIT	$371,500	179 ft
2518 29TH AVE S MINNEAPOLIS MN 55406	C ELATE & J C ELATE JOSS	RESIDENTIAL	$332,200	180 ft
2537 28TH AVE S MINNEAPOLIS MN 55406	HOWARD D MOY TRUST	RESIDENTIAL	$252,400	192 ft

Property History

Most Recent Sale

Date202308

Price$410,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,464