diff --git a/python/src/com/jetbrains/python/psi/impl/PyClassImpl.java b/python/src/com/jetbrains/python/psi/impl/PyClassImpl.java
index f3efb36b62b5..b06f3997a29c 100644
--- a/python/src/com/jetbrains/python/psi/impl/PyClassImpl.java
+++ b/python/src/com/jetbrains/python/psi/impl/PyClassImpl.java
@@ -793,7 +793,9 @@ public class PyClassImpl extends PyBaseElementImpl<PyClassStub> implements PyCla
       return property;
     }
 
-    if (findMethodByName(name, false, null) != null || findClassAttribute(name, false, null) != null) {
+    if (findMethodByName(name, false, null) != null ||
+        findClassAttribute(name, false, null) != null ||
+        ContainerUtil.notNullize(getOwnSlots()).contains(name)) {
       return null;
     }
 
diff --git a/python/testSrc/com/jetbrains/python/inspections/PyPropertyAccessInspectionTest.java b/python/testSrc/com/jetbrains/python/inspections/PyPropertyAccessInspectionTest.java
index 565a7beff903..d765a9bf3faf 100644
--- a/python/testSrc/com/jetbrains/python/inspections/PyPropertyAccessInspectionTest.java
+++ b/python/testSrc/com/jetbrains/python/inspections/PyPropertyAccessInspectionTest.java
@@ -36,6 +36,22 @@ public class PyPropertyAccessInspectionTest extends PyInspectionTestCase {
     doTest();
   }
 
+  // PY-28206
+  public void testSlotOverridesProperty() {
+    doTestByText(
+      "class A(object):\n" +
+      "    @property\n" +
+      "    def name(self):\n" +
+      "        return 'a'\n" +
+      "\n" +
+      "class B(A):\n" +
+      "    __slots__ = ('name',)\n" +
+      "\n" +
+      "    def __init__(self, name):\n" +
+      "        self.name = name"
+    );
+  }
+
   @NotNull
   @Override
   protected Class<? extends PyInspection> getInspectionClass() {