3552 27TH AVE S MINNEAPOLIS MN 55406

PID: 0102824420146

Property Overview

Parcel ID0102824420146

Lot Size5,089 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1979

Property ClassRESIDENTIAL

OwnerLOI NGOC NGUYEN

Assessed Value$311,300

Land Value$103,000

Building Value$208,300

Annual Tax$4,685

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2019 · $9K total declared value · Most recent: May 2019 (misc)

MiscMay 2019Closed

$3K

POLAR BUILDERS INC

MiscApr 2019Closed

$6K

POLAR BUILDERS INC

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

Neighborhood Profile

Corcoran · Minneapolis

Median reported rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

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 width30 ft

Buildable depth87 ft

Area~2,617 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 2,617 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3548 27TH AVE S MINNEAPOLIS MN 55406	JILL C JEPSON & JOHN A BEYER	RESIDENTIAL	$282,600	40 ft
3556 27TH AVE S MINNEAPOLIS MN 55406	J M BENSON & G D BORMAN	RESIDENTIAL	$287,500	40 ft
3544 27TH AVE S MINNEAPOLIS MN 55406	DARLENE FAIRBANKS	RESIDENTIAL	$316,800	80 ft
3540 27TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
3551 26TH AVE S MINNEAPOLIS MN 55406	R M RAINELLI/R A RAINELLI JR	RESIDENTIAL	$276,000	141 ft
3557 26TH AVE S MINNEAPOLIS MN 55406	N RAMALINGAM & J A DUNLOP	RESIDENTIAL	$668,700	146 ft
3547 26TH AVE S MINNEAPOLIS MN 55406	ANNA CAREY SCHMITZ	RESIDENTIAL	$265,200	146 ft
3600 27TH AVE S MINNEAPOLIS MN 55406	MNSF T2 SPE LLC	RESIDENTIAL	$224,800	150 ft
3536 27TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	160 ft
3543 26TH AVE S MINNEAPOLIS MN 55406	M E SMITH & C P MCKENZIE	RESIDENTIAL	$306,000	162 ft

Property History

Most Recent Sale

Date198912

Price$66,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,685