1007 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924220132

Property Overview

Parcel ID1202924220132

Lot Size4,141 sq ft (0.095 ac)

Lot Dimensions (est.)45 ft wide × 92 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerE L RAINWATER/G O B LEINBACH

Assessed Value$297,200

Land Value$101,000

Building Value$196,200

Annual Tax$4,323

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $19K total declared value · Most recent: Jul 2023 (existres)

ExistresJul 2023Closed

BURNOMATIC

ExistresMay 2021Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

AccessoryJul 2020Closed

$19K

Minneapolis Garage Builders, LLC

ResDec 2019Closed

Weld and Sons Plumbing Inc

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

Neighborhood Profile

Audubon Park · 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 width35 ft

Buildable depth52 ft

Area~1,822 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 1,822 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1017 27TH AVE N E MINNEAPOLIS MN 55418	E RAINWATER & G LEINBACH	RESIDENTIAL-TWO UNIT	$299,100	45 ft
1001 27TH AVE N E MINNEAPOLIS MN 55418	A CORTES & M A JIMENEZ	RESIDENTIAL-TWO UNIT	$461,100	68 ft
2709 POLK ST N E MINNEAPOLIS MN 55418	HARRY BAHR RENTAL PROPS LLC	TRIPLEX	$461,800	73 ft
1021 27TH AVE N E MINNEAPOLIS MN 55418	DOUGLAS A BURMAN	RESIDENTIAL	$286,000	109 ft
2715 POLK ST N E MINNEAPOLIS MN 55418	PFIRLANI E CALDERON ET AL	RESIDENTIAL	$427,800	117 ft
2651 POLK ST N E MINNEAPOLIS MN 55418	MARY GONZAGA	RESIDENTIAL	$384,000	131 ft
1025 27TH AVE N E MINNEAPOLIS MN 55418	A MCINTOSH & R R PIPAL	RESIDENTIAL	$305,700	162 ft
2719 POLK ST N E MINNEAPOLIS MN 55418	L J HOFLAND & E K BADEN	RESIDENTIAL	$349,500	163 ft
2647 POLK ST N E MINNEAPOLIS MN 55418	POLK STREET L L C	RESIDENTIAL-TWO UNIT	$441,400	177 ft
1016 27TH AVE N E MINNEAPOLIS MN 55418	VIOLET A OLSON	RESIDENTIAL	$342,700	185 ft

Property History

Most Recent Sale

Date202307

Price$330,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,323