899 27TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923130024

Property Overview

Parcel ID1902923130024

Lot Size5,111 sq ft (0.117 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerORVIN LEIS & DONNA M LEIS

Assessed Value$239,800

Land Value$69,000

Building Value$170,800

Annual Tax$3,712

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 rent1,734/mo

Renter-occupied73.3%

Median home value$337K

Vacancy rate15.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.01

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~2,630 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 2,630 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
895 27TH AVE S E MINNEAPOLIS MN 55414	AARON L TILLESON	RESIDENTIAL	$263,900	40 ft
901 27TH AVE S E MINNEAPOLIS MN 55414	JOSEPH D DAHIP	RESIDENTIAL-TWO UNIT	$306,200	40 ft
891 27TH AVE S E MINNEAPOLIS MN 55414	BEST HOUSE ON CAMPUS LLC	RESIDENTIAL	$230,500	80 ft
905 27TH AVE S E MINNEAPOLIS MN 55414	905-907 27TH AVE LLC	RESIDENTIAL-TWO UNIT	$340,000	80 ft
887 27TH AVE S E MINNEAPOLIS MN 55414	WALLACE R HANSEN	RESIDENTIAL-TWO UNIT	$299,800	120 ft
911 27TH AVE S E MINNEAPOLIS MN 55414	911 27TH AVE SE LLC	RESIDENTIAL	$250,700	121 ft
898 26TH AVE S E MINNEAPOLIS MN 55414	CARLY M PRESTON	RESIDENTIAL	$188,700	141 ft
900 26TH AVE S E MINNEAPOLIS MN 55414	CREMELLA CHATHAM	RESIDENTIAL-TWO UNIT	$312,200	145 ft
894 26TH AVE S E MINNEAPOLIS MN 55414	JESSE A JOHNSON	RESIDENTIAL	$233,000	148 ft
906 26TH AVE S E MINNEAPOLIS MN 55414	JOHN PETER ROBERTSON	RESIDENTIAL	$170,100	160 ft

Property History

Most Recent Sale

Date200907

Price$200,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,712