1401 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924210125

Property Overview

Parcel ID1202924210125

Lot Size6,303 sq ft (0.145 ac)

Lot Dimensions (est.)50 ft wide × 125 ft deep

Year Built1925

Property ClassRESIDENTIAL-TWO UNIT

OwnerE C GREV & T J MAUS

Assessed Value$424,700

Land Value$126,000

Building Value$298,700

Annual Tax$6,458

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · Most recent: Feb 2022 (res)

ResFeb 2022Closed

CenterPoint Energy Resource Corp

ResFeb 2022Closed

CenterPoint Energy Resource Corp

ExistresNov 2021Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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

Neighborhood Profile

Minneapolis

Median reported rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 11

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width37 ft

Buildable depth85 ft

Area~3,184 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 sfr / adu benchmarks for 3,184 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1405 27TH AVE N E MINNEAPOLIS MN 55418	BRIDGET COLLEEN ROSS	RESIDENTIAL	$308,300	46 ft
1409 27TH AVE N E MINNEAPOLIS MN 55418	TEGAN VAIL & AARON BLAZICH	RESIDENTIAL	$347,600	89 ft
2709 BUCHANAN ST N E MINNEAPOLIS MN 55418	JUDITH K KOROGI REV LIV TR	RESIDENTIAL-TWO UNIT	$394,100	104 ft
2700 BUCHANAN ST N E MINNEAPOLIS MN 55418	MATTHEW B BERG	RESIDENTIAL	$252,700	110 ft
1413 27TH AVE N E MINNEAPOLIS MN 55418	M F KNOKE & K P MATHENY	RESIDENTIAL	$409,500	132 ft
2715 BUCHANAN ST N E MINNEAPOLIS MN 55418	NICHOLAS FIX	RESIDENTIAL	$285,700	142 ft
1319 27TH AVE N E MINNEAPOLIS MN 55418	CHRISTOPHER T HENNEN	RESIDENTIAL	$311,200	153 ft
2710 BUCHANAN ST N E MINNEAPOLIS MN 55418	B J MANOS & C M WHITAKER	RESIDENTIAL	$299,400	167 ft
1417 27TH AVE N E MINNEAPOLIS MN 55418	LAWRENCE WAJDA	RESIDENTIAL	$323,200	175 ft
2719 BUCHANAN ST N E MINNEAPOLIS MN 55418	A R POLIVO & M C I DEROBLES	RESIDENTIAL-TWO UNIT	$369,600	181 ft

Property History

Most Recent Sale

Date199607

Price$112,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,458