3605 27TH AVE S MINNEAPOLIS MN 55406

PID: 0102824430073

Property Overview

Parcel ID0102824430073

Lot Size5,101 sq ft (0.117 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerL & K SCHULTZ MED AST PRO TR

Assessed Value$232,700

Land Value$121,000

Building Value$111,700

Annual Tax$3,362

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

4 permits on record since 2017 · $20K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$12K

ALL AROUND PROPERTY PRESERVATION

ResFeb 2023Closed

Paul Bunyan Plumbing, LLC

ResJan 2023Closed

CenterPoint Energy Resource Corp

MiscAug 2017Closed

$8K

Minnesota Rusco Inc

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

Neighborhood Profile

Standish · 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 width31 ft

Buildable depth84 ft

Area~2,622 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 2,622 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
3601 27TH AVE S MINNEAPOLIS MN 55406	M A STUBEE & RYAN E LANGLEE	RESIDENTIAL	$272,600	38 ft
3609 27TH AVE S MINNEAPOLIS MN 55406	PETER THOMPSON	VACANT LAND-RESIDENTIAL	$120,000	40 ft
3611 27TH AVE S MINNEAPOLIS MN 55406	MAYA POWELL	RESIDENTIAL	$257,300	80 ft
3615 27TH AVE S MINNEAPOLIS MN 55406	P E FRAHM & J J FRAHM	RESIDENTIAL	$253,100	120 ft
3600 28TH AVE S MINNEAPOLIS MN 55406	T M K & H T NGUYEN	RESIDENTIAL	$386,200	142 ft
3555 27TH AVE S MINNEAPOLIS MN 55406	K E NEW & S R SUMMERVILLE	RESIDENTIAL	$661,300	143 ft
3606 28TH AVE S MINNEAPOLIS MN 55406	MARTIN GENIS-OMANA	RESIDENTIAL-TWO UNIT	$391,800	144 ft
3617 27TH AVE S MINNEAPOLIS MN 55406	SAMANTHA R SMITH	RESIDENTIAL	$309,600	160 ft
3610 28TH AVE S MINNEAPOLIS MN 55406	S F ROBISON & C CALIGUIRI	RESIDENTIAL	$300,100	161 ft
3553 27TH AVE S MINNEAPOLIS MN 55406	GRACE FLINSCH	RESIDENTIAL	$224,400	182 ft

Property History

Current Tax Year

Year2026

Tax Due$3,362