1113 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924220161

Property Overview

Parcel ID1202924220161

Lot Size3,037 sq ft (0.070 ac)

Lot Dimensions (est.)68 ft wide × 45 ft deep

Year Built1905

Property ClassRESIDENTIAL-TWO UNIT

OwnerSEAN R HOFFMAN

Assessed Value$339,300

Land Value$85,000

Building Value$254,300

Annual Tax$6,443

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 ↗

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width58 ft

Buildable depth5 ft

Area~144 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 144 sqft buildable area.

Est. units

Yield on cost

8.5%

Spread

+3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2707 TAYLOR ST N E MINNEAPOLIS MN 55418	ERIC KASSEL & DANA KASSEL	RESIDENTIAL	$307,900	63 ft
2701 TAYLOR ST N E MINNEAPOLIS MN 55418	CRAIG S SWANSON	RESIDENTIAL-TWO UNIT	$345,100	76 ft
2711 TAYLOR ST N E MINNEAPOLIS MN 55418	J D SCOTT & T IVERSON	RESIDENTIAL	$485,200	102 ft
2649 TAYLOR ST N E MINNEAPOLIS MN 55418	LAURA FRY & MATTHEW JENSEN	RESIDENTIAL	$401,100	125 ft
1110 27TH AVE N E MINNEAPOLIS MN 55418	C T SAXTON & J M SAXTON	RESIDENTIAL-TWO UNIT	$302,500	129 ft
2702 FILLMORE ST N E MINNEAPOLIS MN 55418	NICHOLAS COWAN/JANENE COWAN	RESIDENTIAL	$350,000	130 ft
2706 FILLMORE ST N E MINNEAPOLIS MN 55418	D W PESEK & J T PESEK	RESIDENTIAL	$366,700	138 ft
2713 TAYLOR ST N E MINNEAPOLIS MN 55418	CONSTANCE S BAILLIE	RESIDENTIAL	$350,400	145 ft
1114 27TH AVE N E MINNEAPOLIS MN 55418	MICHAEL D STEVENS & WIFE	RESIDENTIAL	$235,300	145 ft
2710 FILLMORE ST N E MINNEAPOLIS MN 55418	VALERIE M JOHNSON	RESIDENTIAL	$256,000	160 ft

Property History

Most Recent Sale

Date200603

Price$285,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,443