1093 27TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923120113

Property Overview

Parcel ID1902923120113

Lot Size5,107 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1986

Property ClassRESIDENTIAL-TWO UNIT

OwnerWALLACE J & BEVERLY I SAX

Assessed Value$365,900

Land Value$80,000

Building Value$285,900

Annual Tax$7,001

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Como · Minneapolis

Median reported rent1,416/mo

Renter-occupied87.3%

Median home value$321K

Vacancy rate6.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

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 width30 ft

Buildable depth88 ft

Area~2,628 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 2,628 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1089 27TH AVE S E MINNEAPOLIS MN 55414	JESSIE ANN LISTUL	RESIDENTIAL	$221,800	40 ft
1101 27TH AVE S E MINNEAPOLIS MN 55414	YALE ZHANG & JING HAI NIU	RESIDENTIAL-TWO UNIT	$341,200	55 ft
1087 27TH AVE S E MINNEAPOLIS MN 55414	DANIEL J BUSSE	RESIDENTIAL	$216,800	100 ft
1107 27TH AVE S E MINNEAPOLIS MN 55414	PROUDHON PROPERTIES LLC	LAND-COMMERCIAL	$206,400	130 ft
1098 26TH AVE S E MINNEAPOLIS MN 55414	DAVID MOERKE	RESIDENTIAL-TWO UNIT	$358,900	141 ft
1094 26TH AVE S E MINNEAPOLIS MN 55414	DAVID MOERKE	RESIDENTIAL-TWO UNIT	$397,000	147 ft
1102 26TH AVE S E MINNEAPOLIS MN 55414	KEVIN L CALLAHAN	RESIDENTIAL	$111,000	150 ft
1081 27TH AVE S E MINNEAPOLIS MN 55414	LUCAS WEATHERSPOON	RESIDENTIAL	$328,000	160 ft
1088 26TH AVE S E MINNEAPOLIS MN 55414	MICHAEL W O'DONNELL	RESIDENTIAL-TWO UNIT	$367,800	168 ft
1106 26TH AVE S E MINNEAPOLIS MN 55414	1106 26TH AVENUE SE LLC	RESIDENTIAL	$235,200	170 ft

Property History

Most Recent Sale

Date201112

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,001