3715 27TH AVE S MINNEAPOLIS MN 55406

PID: 0102824430221

Property Overview

Parcel ID0102824430221

Lot Size5,041 sq ft (0.116 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerTHE FAIR TRADESMEN LLC

Assessed Value$332,000

Land Value$119,000

Building Value$213,000

Annual Tax$5,166

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 depth86 ft

Area~2,580 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 2,580 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
3717 27TH AVE S MINNEAPOLIS MN 55406	A THEROUX & N JOHANNSEN	RESIDENTIAL	$343,400	40 ft
3711 27TH AVE S MINNEAPOLIS MN 55406	MARISSA PETTERSON	RESIDENTIAL	$255,500	40 ft
3721 27TH AVE S MINNEAPOLIS MN 55406	CHRISTIAN JOLICOEUR	RESIDENTIAL	$348,000	80 ft
3709 27TH AVE S MINNEAPOLIS MN 55406	REBECCA A O'BRIEN	RESIDENTIAL	$252,300	80 ft
3723 27TH AVE S MINNEAPOLIS MN 55406	KATHRYN A VANN	RESIDENTIAL	$276,500	120 ft
3705 27TH AVE S MINNEAPOLIS MN 55406	BRENT E HOLDMAN	RESIDENTIAL	$283,500	120 ft
3712 28TH AVE S MINNEAPOLIS MN 55406	SARA J BERGEN/MATTHEW BERGEN	RESIDENTIAL	$624,000	140 ft
3716 28TH AVE S MINNEAPOLIS MN 55406	P KIRKEBY & V REUBENDALE	RESIDENTIAL	$171,200	146 ft
3708 28TH AVE S MINNEAPOLIS MN 55406	A OBERLOH & J VOLINKATY	RESIDENTIAL	$615,800	148 ft
3701 27TH AVE S MINNEAPOLIS MN 55406	MICHAEL S WARREN	RESIDENTIAL	$261,200	158 ft

Property History

Most Recent Sale

Date202507

Price$242,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,166