4725 27TH AVE S MINNEAPOLIS MN 55406

PID: 1302824120018

Property Overview

Parcel ID1302824120018

Lot Size5,286 sq ft (0.121 ac)

Lot Dimensions (est.)123 ft wide × 43 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerJUSTIN HELLER & JENNA HELLER

Assessed Value$491,000

Land Value$206,000

Building Value$285,000

Annual Tax$7,538

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $14K total declared value · Most recent: Nov 2024 (existres)

ExistresNov 2024Inspection

CENTERPOINT ENERGY

ResJun 2024Closed

Urban Pine Plumbing and Mechanical Inc

MiscMay 2024Closed

$6K

Monarch Home Improvement Dabella

ResAug 2019Closed

Semlak Plumbing LLC

RemodelAug 2019Closed

$8K

Craftworks Construction Llc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width33 ft

Buildable depth83 ft

Area~2,736 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 2,736 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4727 27TH AVE S MINNEAPOLIS MN 55406	MABBS FAMILY TRUST	RESIDENTIAL	$463,300	43 ft
4717 27TH AVE S MINNEAPOLIS MN 55406	J R KLEINSCHMIT TRUST ET AL	RESIDENTIAL	$710,800	43 ft
4729 27TH AVE S MINNEAPOLIS MN 55406	DAVID HEIM & DEBORAH HEIM	RESIDENTIAL	$755,000	86 ft
4715 27TH AVE S MINNEAPOLIS MN 55406	CHELSEA STEAD & BEAU STEAD	RESIDENTIAL	$506,000	86 ft
4733 27TH AVE S MINNEAPOLIS MN 55406	MICHAEL L ZAK	RESIDENTIAL	$330,000	129 ft
4709 27TH AVE S MINNEAPOLIS MN 55406	L M TUFANO & A S TUFANO	RESIDENTIAL	$609,600	129 ft
4722 28TH AVE S MINNEAPOLIS MN 55406	A MALLOY & K LACH	RESIDENTIAL	$586,000	136 ft
4724 28TH AVE S MINNEAPOLIS MN 55406	RAYMOND W HALL	RESIDENTIAL	$521,300	143 ft
4716 28TH AVE S MINNEAPOLIS MN 55406	JOEL HENRY	RESIDENTIAL-TWO UNIT	$455,000	144 ft
4728 28TH AVE S MINNEAPOLIS MN 55406	JUNO CHOI & KATHERINE WINKEL	RESIDENTIAL	$463,000	161 ft

Property History

Most Recent Sale

Date202405

Price$665,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,538