945 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924220102

Property Overview

Parcel ID1202924220102

Lot Size3,175 sq ft (0.073 ac)

Lot Dimensions (est.)35 ft wide × 92 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerMAUNGHI TANG PEARSON

Assessed Value$301,100

Land Value$82,000

Building Value$219,100

Annual Tax$4,387

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 ↗

Cultural District — Central AvenueHigh

Within the Central Avenue Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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 rent1,414/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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width24 ft

Buildable depth53 ft

Area~1,275 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 1,275 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
949 27TH AVE N E MINNEAPOLIS MN 55418	CHRISTOPHER A OSWOOD	RESIDENTIAL	$285,300	35 ft
2710 POLK ST N E MINNEAPOLIS MN 55418	LEE J LARSON	RESIDENTIAL-TWO UNIT	$344,600	99 ft
2706 POLK ST N E MINNEAPOLIS MN 55418	GRANITE PORT PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$305,400	109 ft
2702 POLK ST N E MINNEAPOLIS MN 55418	CHARITY A BAKER	RESIDENTIAL-TWO UNIT	$381,800	109 ft
2701 CENTRAL AVE N E MINNEAPOLIS MN 55418	BILLMAN HUNT FUNERAL CHAPEL	COMMERCIAL-PREFERRED	$1,176,000	123 ft
2714 POLK ST N E MINNEAPOLIS MN 55418	ANDREW S DROEN	RESIDENTIAL-TWO UNIT	$342,700	136 ft
946 27TH AVE N E MINNEAPOLIS MN 55418	JACQUELINE C ZAMOW	RESIDENTIAL	$271,100	152 ft
950 27TH AVE N E MINNEAPOLIS MN 55418	SELAM YIBELTAL MEBRATU	RESIDENTIAL	$268,400	159 ft
2718 POLK ST N E MINNEAPOLIS MN 55418	ABRA WILLIAMS	RESIDENTIAL	$360,500	176 ft
954 27TH AVE N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	178 ft

Property History

Current Tax Year

Year2026

Tax Due$4,387