5729 27TH AVE S MINNEAPOLIS MN 55417

PID: 2402824130228

Property Overview

Parcel ID2402824130228

Lot Size5,121 sq ft (0.118 ac)

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

Year Built1950

Property ClassRESIDENTIAL

OwnerLISA M FERRELL

Assessed Value$316,500

Land Value$120,000

Building Value$196,500

Annual Tax$4,628

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

Wenonah · Minneapolis

Median reported rent1,094/mo

Renter-occupied49.4%

Median home value$326K

Vacancy rate4.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 121.01

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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~2,641 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 2,641 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
5733 27TH AVE S MINNEAPOLIS MN 55417	MICHAEL J WORTHMAN	RESIDENTIAL	$260,500	40 ft
5725 27TH AVE S MINNEAPOLIS MN 55417	E OLSON-WATSON ET AL	RESIDENTIAL	$388,400	40 ft
5737 27TH AVE S MINNEAPOLIS MN 55417	GLORIA FOGG	RESIDENTIAL	$288,000	80 ft
5721 27TH AVE S MINNEAPOLIS MN 55417	ROSA Z FLORES/ANDREA ALARCON	RESIDENTIAL	$372,600	80 ft
5741 27TH AVE S MINNEAPOLIS MN 55417	SYDNEY WITTMIER	RESIDENTIAL	$274,600	120 ft
5717 27TH AVE S MINNEAPOLIS MN 55417	NICHOLE LYN KIDD	RESIDENTIAL	$260,400	120 ft
5728 28TH AVE S MINNEAPOLIS MN 55417	PINEWOOD LLC	RESIDENTIAL	$300,400	142 ft
5732 28TH AVE S MINNEAPOLIS MN 55417	MAQUINTIS M HOUSTON DAVIS	RESIDENTIAL	$314,500	147 ft
5724 28TH AVE S MINNEAPOLIS MN 55417	KAREN FAY FOTH	RESIDENTIAL	$232,000	148 ft
5745 27TH AVE S MINNEAPOLIS MN 55417	JON LONGFIELD JR	RESIDENTIAL	$241,100	160 ft

Property History

Most Recent Sale

Date200604

Price$199,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,628