2816 28TH AVE S MINNEAPOLIS MN 55406

PID: 3602924440172

Property Overview

Parcel ID3602924440172

Lot Size7,537 sq ft (0.173 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerKATLYN M CORCORAN

Assessed Value$324,200

Land Value$102,000

Building Value$222,200

Annual Tax$4,774

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 2017 · Most recent: Jan 2017 (res)

ResJan 2017Closed

Erik Nelson Plumbing LLC

ResJan 2017Cancelled

Erik Nelson Plumbing LLC

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

Neighborhood Profile

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
2814 28TH AVE S MINNEAPOLIS MN 55406	S OPPEN & S JOOSTEN	RESIDENTIAL	$354,400	48 ft
2820 28TH AVE S MINNEAPOLIS MN 55406	RODRICK ALBERT STIFF	RESIDENTIAL	$267,500	48 ft
2808 28TH AVE S MINNEAPOLIS MN 55406	DANIEL O ARYEETEY	RESIDENTIAL-TWO UNIT	$277,200	96 ft
2824 28TH AVE S MINNEAPOLIS MN 55406	ROSE VON MUCHOW/JORDAN BLEAU	RESIDENTIAL	$273,100	96 ft
2804 28TH AVE S MINNEAPOLIS MN 55406	LUCAS PAUL PRICE	RESIDENTIAL	$189,000	144 ft
2828 28TH AVE S MINNEAPOLIS MN 55406	CLOVER VALLEY PROPERTIES LLC	APARTMENT	$611,000	144 ft
2819 27TH AVE S MINNEAPOLIS MN 55406	SKYLINE MUTUAL LLC	RESIDENTIAL-TWO UNIT	$281,500	173 ft
2821 27TH AVE S MINNEAPOLIS MN 55406	L & I V DELUNA	RESIDENTIAL	$226,600	177 ft
2815 27TH AVE S MINNEAPOLIS MN 55406	GARY W LEWIS	RESIDENTIAL	$276,400	179 ft
2832 28TH AVE S MINNEAPOLIS MN 55406	FREDRIC A R KREIDER ET AL	RESIDENTIAL-TWO UNIT	$260,300	180 ft

Property History

Most Recent Sale

Date201905

Price$285,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,774