3523 27TH AVE S MINNEAPOLIS MN 55406

PID: 0102824420190

Property Overview

Parcel ID0102824420190

Lot Size6,810 sq ft (0.156 ac)

Lot Dimensions (est.)126 ft wide × 54 ft deep

Year Built1999

Property ClassRESIDENTIAL

OwnerABDIKAFAR ADEN & HAWO HERSI

Assessed Value$526,000

Land Value$116,000

Building Value$410,000

Annual Tax$8,586

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

3 permits on record since 2023 · $24K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Cancelled

$8K

BAYPORT ROOFING AND SIDING LLC

MiscDec 2023Closed

$10K

BAYPORT ROOFING AND SIDING LLC

MiscNov 2023Closed

$6K

BAYPORT ROOFING AND SIDING LLC

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$386K+4.2% YoY

Median price / sqft$263/sqft

Median days to close13 days

Active listings43

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 width44 ft

Buildable depth86 ft

Area~3,785 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 3,785 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3519 27TH AVE S MINNEAPOLIS MN 55406	R O AJALUWA & A J AJALUWA	RESIDENTIAL	$453,700	54 ft
3529 27TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	54 ft
3537 27TH AVE S MINNEAPOLIS MN 55406	ANNIE HOANG NGUYEN	RESIDENTIAL	$230,600	105 ft
3515 27TH AVE S MINNEAPOLIS MN 55406	GEMEDA URGESSA	RESIDENTIAL	$455,000	111 ft
2716 36TH ST E MINNEAPOLIS MN 55406	BADASA GURADE/MESERET TUMSA	TOWNHOUSE	$331,700	120 ft
3539 27TH AVE S MINNEAPOLIS MN 55406	JESSE STRONG	RESIDENTIAL	$175,100	147 ft
2718 36TH ST E MINNEAPOLIS MN 55406	ADIS KASSA & BIRUK TSEGAYE	TOWNHOUSE	$309,200	152 ft
3509 27TH AVE S MINNEAPOLIS MN 55406	MDIKBAL HOSSAIN	RESIDENTIAL	$379,500	180 ft
2720 36TH ST E MINNEAPOLIS MN 55406	ROYA MOLTAJI	TOWNHOUSE	$353,100	181 ft
3524 27TH AVE S MINNEAPOLIS MN 55406	STACY J LAMBRECHT	RESIDENTIAL	$230,600	187 ft

Property History

Most Recent Sale

Date200410

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,586