5905 27TH AVE S MINNEAPOLIS MN 55417

PID: 2402824420084

Property Overview

Parcel ID2402824420084

Lot Size6,419 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerFRANK G PAFKO

Assessed Value$274,800

Land Value$92,000

Building Value$182,800

Annual Tax$3,933

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

2 permits on record since 2023 · $17K total declared value · Most recent: May 2026 (misc)

MiscMay 2026Final Inspection

$17K

THE KINGDOM BUILDERS

ExistresAug 2023Expired

Home Energy Center Inc

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

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth88 ft

Area~3,533 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 sfr / adu benchmarks for 3,533 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5909 27TH AVE S MINNEAPOLIS MN 55417	CATHERINE M WELNA LV TR ETAL	RESIDENTIAL	$277,800	50 ft
5901 27TH AVE S MINNEAPOLIS MN 55417	JEFFREY ROBERT GOSNELL	RESIDENTIAL	$283,700	50 ft
5913 27TH AVE S MINNEAPOLIS MN 55417	MARK CARUSO	RESIDENTIAL	$278,400	100 ft
5904 28TH AVE S MINNEAPOLIS MN 55417	Z NEUBAUER & S NEUBAUER	RESIDENTIAL	$274,800	142 ft
5908 28TH AVE S MINNEAPOLIS MN 55417	MARY K MCMAHON	RESIDENTIAL	$201,800	150 ft
5917 27TH AVE S MINNEAPOLIS MN 55417	J N P ZHAGUI & S P CRIOLLO	RESIDENTIAL	$279,400	150 ft
5900 28TH AVE S MINNEAPOLIS MN 55417	LOURDES MARISOL N GUALLPA	RESIDENTIAL-TWO UNIT	$362,000	152 ft
5912 28TH AVE S MINNEAPOLIS MN 55417	ADANA T BONEY-JETT	RESIDENTIAL	$253,800	172 ft
5904 27TH AVE S MINNEAPOLIS MN 55417	BRIAN & DONNA SCHNEIDER	RESIDENTIAL	$273,200	188 ft
5900 27TH AVE S MINNEAPOLIS MN 55417	JOHN M POLUNC	RESIDENTIAL	$286,000	194 ft

Property History

Current Tax Year

Year2026

Tax Due$3,933