3612 27TH AVE S MINNEAPOLIS MN 55406

PID: 0102824430078

Property Overview

Parcel ID0102824430078

Lot Size5,206 sq ft (0.120 ac)

Lot Dimensions (est.)127 ft wide × 41 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerJON A SARKIS/DIANE L SARKIS

Assessed Value$300,500

Land Value$122,000

Building Value$178,500

Annual Tax$4,648

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 2017 · $7K total declared value · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresOct 2022Closed

CENTERPOINT ENERGY

MiscJul 2017Closed

$7K

BORN CARPENTRY LLC

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 depth87 ft

Area~2,696 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 2,696 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3614 27TH AVE S MINNEAPOLIS MN 55406	BRETT D SLOCUM	RESIDENTIAL	$311,900	41 ft
3608 27TH AVE S MINNEAPOLIS MN 55406	ROBIN H IVERSON	RESIDENTIAL	$287,200	42 ft
3618 27TH AVE S MINNEAPOLIS MN 55406	AMY HANENBURG	RESIDENTIAL	$258,900	82 ft
3604 27TH AVE S MINNEAPOLIS MN 55406	PAMELA S STEVENSON	RESIDENTIAL	$295,000	88 ft
3620 27TH AVE S MINNEAPOLIS MN 55406	MELISSA ANN GROSS	RESIDENTIAL	$345,900	123 ft
3600 27TH AVE S MINNEAPOLIS MN 55406	MNSF T2 SPE LLC	RESIDENTIAL	$224,800	137 ft
3615 26TH AVE S MINNEAPOLIS MN 55406	R JOHNSON & DARLENE JOHNSON	RESIDENTIAL	$280,600	141 ft
3611 26TH AVE S MINNEAPOLIS MN 55406	DARRELL NOMELAND	RESIDENTIAL	$244,400	143 ft
3617 26TH AVE S MINNEAPOLIS MN 55406	ANDREW R SWINGLEY	RESIDENTIAL	$284,900	151 ft
3609 26TH AVE S MINNEAPOLIS MN 55406	ERIC MATTHEW MAKI	RESIDENTIAL	$291,900	155 ft

Property History

Most Recent Sale

Date199904

Price$94,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,648