2821 28TH AVE S MINNEAPOLIS MN 55406

PID: 3602924440077

Property Overview

Parcel ID3602924440077

Lot Size7,538 sq ft (0.173 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerE CHANG & S B LOUREY

Assessed Value$292,400

Land Value$102,000

Building Value$190,400

Annual Tax$4,243

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

2 permits on record since 2023 · $10K total declared value · Most recent: Apr 2024 (existres)

ExistresApr 2024Closed

4Front Energy Solutions Inc

MiscMay 2023Closed

$10K

THOMPSON EXTERIORS LLC

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 depth117 ft

Area~4,446 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 3-story wood frame (5–12 units) benchmarks for 4,446 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2825 28TH AVE S MINNEAPOLIS MN 55406	SARAH BIGELOW/MARY FERGUSON	RESIDENTIAL	$327,100	48 ft
2817 28TH AVE S MINNEAPOLIS MN 55406	VIOLET J REYES	RESIDENTIAL	$310,100	48 ft
2831 28TH AVE S MINNEAPOLIS MN 55406	COLIN F CARPENTER	RESIDENTIAL-TWO UNIT	$324,100	96 ft
2813 28TH AVE S MINNEAPOLIS MN 55406	P N BESKAL & E WATTS	RESIDENTIAL	$318,200	96 ft
2833 28TH AVE S MINNEAPOLIS MN 55406	E L HANSON & N STOKFISZ	RESIDENTIAL	$417,000	144 ft
2811 28TH AVE S MINNEAPOLIS MN 55406	J K JONES P M M JONES	RESIDENTIAL	$271,000	144 ft
2820 29TH AVE S MINNEAPOLIS MN 55406	RONALD W NELSON	RESIDENTIAL	$250,600	173 ft
2824 29TH AVE S MINNEAPOLIS MN 55406	ELLEN E SMART	RESIDENTIAL	$315,500	179 ft
2816 29TH AVE S MINNEAPOLIS MN 55406	BEVERLY CLARK ET AL SUBJ/LE	RESIDENTIAL	$329,200	180 ft
2837 28TH AVE S MINNEAPOLIS MN 55406	ANGELA ROSE HERNANDEZ	RESIDENTIAL	$283,500	192 ft

Property History

Most Recent Sale

Date202309

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,243