4051 27TH AVE S MINNEAPOLIS MN 55406

PID: 1202824130013

Property Overview

Parcel ID1202824130013

Lot Size5,050 sq ft (0.116 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerF K SHEPHERD & D W GAWNE

Assessed Value$284,200

Land Value$122,000

Building Value$162,200

Annual Tax$4,089

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $36K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$14K

True North Roofing LLC

ResJan 2024Closed

Erik Nelson Plumbing LLC

ExistresSep 2022Closed

CENTERPOINT ENERGY

RemodelSep 2019Closed

$20K

Jonathan Martinson

ResSep 2019Closed

BURNOMATIC

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

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~2,329 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,329 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4057 27TH AVE S MINNEAPOLIS MN 55406	CRAIG CARLSON	RESIDENTIAL	$291,200	37 ft
4047 27TH AVE S MINNEAPOLIS MN 55406	GRETA SWANSON	RESIDENTIAL	$196,000	40 ft
4043 27TH AVE S MINNEAPOLIS MN 55406	ERIC J KAUFMANN	RESIDENTIAL	$259,600	80 ft
2712 41ST ST E MINNEAPOLIS MN 55406	TOTAL RESTORATION HOMES INC	RESIDENTIAL	$96,000	107 ft
4039 27TH AVE S MINNEAPOLIS MN 55406	CHARLES R NOLOP REV LIV TR	RESIDENTIAL	$236,300	120 ft
4101 27TH AVE S MINNEAPOLIS MN 55406	ALBERT LUCIA & MARIA LUCIA	RESIDENTIAL	$309,900	131 ft
4046 28TH AVE S MINNEAPOLIS MN 55406	PAUL M SALZER	RESIDENTIAL	$263,000	146 ft
4048 28TH AVE S MINNEAPOLIS MN 55406	K DORIS LAKEDON LIV TRUST	RESIDENTIAL	$330,000	149 ft
4035 27TH AVE S MINNEAPOLIS MN 55406	CHRISTIAN LEDESMA	RESIDENTIAL	$368,500	160 ft
4040 28TH AVE S MINNEAPOLIS MN 55406	RANDY W GILBERT	RESIDENTIAL-TWO UNIT	$369,400	161 ft

Property History

Most Recent Sale

Date202110

Price$327,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,089