2841 28TH AVE S MINNEAPOLIS MN 55406

PID: 3602924440072

Property Overview

Parcel ID3602924440072

Lot Size3,745 sq ft (0.086 ac)

Lot Dimensions (est.)78 ft wide × 48 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJ CHINO-ALATOMA & A MORALES

Assessed Value$229,000

Land Value$73,000

Building Value$156,000

Annual Tax$3,181

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

1 permit on record since 2017 · $3K total declared value · Most recent: Feb 2017 (misc)

MiscFeb 2017Closed

$3K

SUSTAINABLE RESOURCES CENTER INC

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,200/mo

Renter-occupied43.8%

Median home value$252K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1074

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

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 width38 ft

Buildable depth38 ft

Area~1,443 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 1,443 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
2845 28TH AVE S MINNEAPOLIS MN 55406	MARGARET SCHULTZ ET AL	RESIDENTIAL	$263,500	48 ft
2837 28TH AVE S MINNEAPOLIS MN 55406	ANGELA ROSE HERNANDEZ	RESIDENTIAL	$283,500	62 ft
2808 29TH ST E MINNEAPOLIS MN 55406	N PETERSON/KINZI R PETERSON	RESIDENTIAL	$326,100	82 ft
2833 28TH AVE S MINNEAPOLIS MN 55406	E L HANSON & N STOKFISZ	RESIDENTIAL	$417,000	104 ft
2831 28TH AVE S MINNEAPOLIS MN 55406	COLIN F CARPENTER	RESIDENTIAL-TWO UNIT	$324,100	150 ft
2816 29TH ST E MINNEAPOLIS MN 55406	L J LAFAVE & S J LAFAVE	RESIDENTIAL	$266,700	161 ft
2846 28TH AVE S MINNEAPOLIS MN 55406	TERRY SWANSON & JOHN DRUCKER	RESIDENTIAL	$208,700	166 ft
2901 28TH AVE S MINNEAPOLIS MN 55406	K&E CAPITAL HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$250,200	177 ft
2807 29TH ST E MINNEAPOLIS MN 55406	MOOSE INVESTMENTS LLC	APARTMENT	$617,000	188 ft
2825 28TH AVE S MINNEAPOLIS MN 55406	SARAH BIGELOW/MARY FERGUSON	RESIDENTIAL	$327,100	196 ft

Property History

Most Recent Sale

Date200209

Price$149,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,181