4027 27TH AVE S MINNEAPOLIS MN 55406

PID: 1202824130019

Property Overview

Parcel ID1202824130019

Lot Size5,047 sq ft (0.116 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerKRISTIN BIL & EVAN JOHNSON

Assessed Value$360,200

Land Value$122,000

Building Value$238,200

Annual Tax$5,358

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2017 · $73K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

McQuillan Home Services LLC

MiscApr 2024Closed

$7K

Northland Construction

MiscMar 2024Closed

$28K

SELA ROOFING AND REMODELING INC

ResApr 2022Closed

CenterPoint Energy Resource Corp

ResDec 2020Closed

Warners Stellian Co Inc

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

Neighborhood Profile

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth86 ft

Area~2,585 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 2,585 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
4025 27TH AVE S MINNEAPOLIS MN 55406	S COURCHANE & K COURCHANE	RESIDENTIAL	$312,700	40 ft
4031 27TH AVE S MINNEAPOLIS MN 55406	ERIC M MAASS & CORY S WRAY	RESIDENTIAL	$364,200	40 ft
4019 27TH AVE S MINNEAPOLIS MN 55406	HANNAH LUND & RYAN JOHNSON	RESIDENTIAL	$270,700	80 ft
4035 27TH AVE S MINNEAPOLIS MN 55406	CHRISTIAN LEDESMA	RESIDENTIAL	$368,500	80 ft
4039 27TH AVE S MINNEAPOLIS MN 55406	CHARLES R NOLOP REV LIV TR	RESIDENTIAL	$236,300	120 ft
4026 28TH AVE S MINNEAPOLIS MN 55406	COUNTY OF HENNEPIN	COMMERCIAL-PREFERRED	$0	140 ft
4043 27TH AVE S MINNEAPOLIS MN 55406	ERIC J KAUFMANN	RESIDENTIAL	$259,600	160 ft
4034 28TH AVE S MINNEAPOLIS MN 55406	ROBERT RATLIFF	RESIDENTIAL	$302,000	161 ft
4038 28TH AVE S MINNEAPOLIS MN 55406	A SCOVILLE & M HUTCHISON	RESIDENTIAL	$254,000	184 ft
4026 27TH AVE S MINNEAPOLIS MN 55406	PATRICIA KLUCAS / NEIL COX	RESIDENTIAL	$274,000	186 ft

Property History

Most Recent Sale

Date201910

Price$289,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,358