1200 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924240071

Property Overview

Parcel ID1202924240071

Lot Size5,542 sq ft (0.127 ac)

Lot Dimensions (est.)44 ft wide × 126 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerMARK PHIPPS/JENNIFER ADAMS

Assessed Value$382,200

Land Value$119,000

Building Value$263,200

Annual Tax$6,287

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Nov 2020 (res)

ResNov 2020Closed

CENTERPOINT ENERGY

ResJan 2019Closed

CenterPoint Energy Resource Corp

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

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 width31 ft

Buildable depth86 ft

Area~2,664 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 2,664 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1206 27TH AVE N E MINNEAPOLIS MN 55418	D PETERSON & J E SIVANICH	RESIDENTIAL	$295,200	44 ft
1208 27TH AVE N E MINNEAPOLIS MN 55418	PAULA SUE KRAMER	RESIDENTIAL-TWO UNIT	$403,900	87 ft
2645 FILLMORE ST N E MINNEAPOLIS MN 55418	MOHAMMAD SOUBRA/SUSAN WARNER	RESIDENTIAL	$291,000	105 ft
2646 FILLMORE ST N E MINNEAPOLIS MN 55418	AMANDA JORDAN URBANSKI	RESIDENTIAL	$279,500	128 ft
1212 27TH AVE N E MINNEAPOLIS MN 55418	LYNN M RECKTENWALD	RESIDENTIAL	$300,300	131 ft
2648 FILLMORE ST N E MINNEAPOLIS MN 55418	MICHAEL L WALSH	RESIDENTIAL-TWO UNIT	$353,900	133 ft
2641 FILLMORE ST N E MINNEAPOLIS MN 55418	A D C CARDENAS & M PENA	RESIDENTIAL	$352,300	143 ft
2640 FILLMORE ST N E MINNEAPOLIS MN 55418	MANA HOLDINGS GROUP LLC	APARTMENT	$459,000	173 ft
1218 27TH AVE N E MINNEAPOLIS MN 55418	STEPHANIE L JOHNSON	RESIDENTIAL	$348,400	176 ft
2637 FILLMORE ST N E MINNEAPOLIS MN 55418	GREGORY L STANTON	RESIDENTIAL-TWO UNIT	$356,000	181 ft

Property History

Most Recent Sale

Date200601

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,287