1504 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924240114

Property Overview

Parcel ID1202924240114

Lot Size5,506 sq ft (0.126 ac)

Lot Dimensions (est.)44 ft wide × 124 ft deep

Year Built1914

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL L WALSH

Assessed Value$367,800

Land Value$120,000

Building Value$247,800

Annual Tax$7,281

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $10K total declared value · Most recent: Mar 2025 (res)

ResMar 2025Inspection

Urban Pine Plumbing and Mechanical Inc

MiscOct 2024Closed

$10K

KAUFMAN SHEET METAL ROOFING INC

ResJul 2022Closed

SODERLIN PLUMBING HEATING AND AIR

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth85 ft

Area~2,895 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 2,895 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1510 27TH AVE N E MINNEAPOLIS MN 55418	R V MITCHELL & J M MITCHELL	RESIDENTIAL	$330,400	44 ft
1500 27TH AVE N E MINNEAPOLIS MN 55418	ANDREW CHASE	RESIDENTIAL	$322,000	44 ft
1512 27TH AVE N E MINNEAPOLIS MN 55418	WILLIAM NAGELHOUT	RESIDENTIAL	$354,200	88 ft
2643 LINCOLN ST N E MINNEAPOLIS MN 55418	L M HATCH & C HATCH	RESIDENTIAL	$332,200	97 ft
2639 LINCOLN ST N E MINNEAPOLIS MN 55418	BURKE MINAHAN & RACHEL GREEN	RESIDENTIAL	$330,500	138 ft
2644 LINCOLN ST N E MINNEAPOLIS MN 55418	J P RODDY & K M RODDY	RESIDENTIAL	$319,000	153 ft
2654 JOHNSON ST N E MINNEAPOLIS MN 55418	2654 JOHNSON STREET NE LLC	COMMERCIAL-PREFERRED	$0	153 ft
2644 JOHNSON ST N E MINNEAPOLIS MN 55418	LEANNE M SCHWANDT	RESIDENTIAL	$290,700	166 ft
2635 LINCOLN ST N E MINNEAPOLIS MN 55418	MEGAN BRIDGES	RESIDENTIAL	$337,600	178 ft
1501 27TH AVE N E MINNEAPOLIS MN 55418	GUSTAVUS ADOLPHUS LUTHERAN	COMMERCIAL-PREFERRED	$0	191 ft

Property History

Most Recent Sale

Date200109

Price$181,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,281