950 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924230089

Property Overview

Parcel ID1202924230089

Lot Size4,072 sq ft (0.093 ac)

Lot Dimensions (est.)44 ft wide × 92 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerSELAM YIBELTAL MEBRATU

Assessed Value$268,400

Land Value$94,000

Building Value$174,400

Annual Tax$4,155

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2016 · Most recent: Oct 2020 (res)

ResOct 2020Closed

Barr Web Industries Inc

ResDec 2016Closed

URBAN PINE PLUMBING AND MECHANICAL

ExistresDec 2016Closed

CENTERPOINT ENERGY

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 width34 ft

Buildable depth53 ft

Area~1,783 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 1,783 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
954 27TH AVE N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	44 ft
946 27TH AVE N E MINNEAPOLIS MN 55418	JACQUELINE C ZAMOW	RESIDENTIAL	$271,100	44 ft
2640 POLK ST N E MINNEAPOLIS MN 55418	TWIN CITIES LLC	RESIDENTIAL	$342,400	72 ft
960 27TH AVE N E MINNEAPOLIS MN 55418	BO-NE LLC	TRIPLEX	$451,700	88 ft
2638 POLK ST N E MINNEAPOLIS MN 55418	J S WEGRZYN & J KOSON	RESIDENTIAL	$339,300	117 ft
2702 POLK ST N E MINNEAPOLIS MN 55418	CHARITY A BAKER	RESIDENTIAL-TWO UNIT	$381,800	142 ft
949 27TH AVE N E MINNEAPOLIS MN 55418	CHRISTOPHER A OSWOOD	RESIDENTIAL	$285,300	153 ft
945 27TH AVE N E MINNEAPOLIS MN 55418	MAUNGHI TANG PEARSON	RESIDENTIAL-TWO UNIT	$301,100	159 ft
2632 POLK ST N E MINNEAPOLIS MN 55418	J M WILLIAMS/E V MACKMILLER	RESIDENTIAL	$545,700	162 ft
2643 CENTRAL AVE N E MINNEAPOLIS MN 55418	CENTER ASSOCIATES LLC	COMMERCIAL-PREFERRED	$1,725,000	174 ft

Property History

Most Recent Sale

Date202009

Price$140,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,155