1500 27TH AVE N E MINNEAPOLIS MN 55418

PID: 1202924240115

Property Overview

Parcel ID1202924240115

Lot Size5,505 sq ft (0.126 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerANDREW CHASE

Assessed Value$322,000

Land Value$120,000

Building Value$202,000

Annual Tax$4,738

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · Most recent: Feb 2022 (res)

ResFeb 2022Closed

CenterPoint Energy Resource Corp

ExistresFeb 2022Closed

Blue Ox Heating and Air LLC

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

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 depth84 ft

Area~2,639 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 2,639 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1504 27TH AVE N E MINNEAPOLIS MN 55418	MICHAEL L WALSH	RESIDENTIAL-TWO UNIT	$367,800	44 ft
1510 27TH AVE N E MINNEAPOLIS MN 55418	R V MITCHELL & J M MITCHELL	RESIDENTIAL	$330,400	88 ft
2643 LINCOLN ST N E MINNEAPOLIS MN 55418	L M HATCH & C HATCH	RESIDENTIAL	$332,200	105 ft
2644 LINCOLN ST N E MINNEAPOLIS MN 55418	J P RODDY & K M RODDY	RESIDENTIAL	$319,000	109 ft
1512 27TH AVE N E MINNEAPOLIS MN 55418	WILLIAM NAGELHOUT	RESIDENTIAL	$354,200	132 ft
2639 LINCOLN ST N E MINNEAPOLIS MN 55418	BURKE MINAHAN & RACHEL GREEN	RESIDENTIAL	$330,500	143 ft
1416 27TH AVE N E MINNEAPOLIS MN 55418	MARILYN ELLA NTOWE HAMBOU	RESIDENTIAL	$332,700	151 ft
2642 LINCOLN ST N E MINNEAPOLIS MN 55418	CARLI SCHUMACHER	RESIDENTIAL	$277,200	179 ft
2635 LINCOLN ST N E MINNEAPOLIS MN 55418	MEGAN BRIDGES	RESIDENTIAL	$337,600	182 ft
1412 27TH AVE N E MINNEAPOLIS MN 55418	JOHN P & JACQUELINE R W LINN	RESIDENTIAL	$249,200	194 ft

Property History

Most Recent Sale

Date202106

Price$360,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,738