1927 EMERSON AVE S MINNEAPOLIS MN 55403

PID: 2802924430165

Property Overview

Parcel ID2802924430165

Lot Size705 sq ft (0.016 ac)

Lot Dimensions (est.)35 ft wide × 20 ft deep

Year Built1976

Property ClassTOWNHOUSE

OwnerPAULA J OWEN TRUST

Assessed Value$507,200

Land Value$7,000

Building Value$500,200

Annual Tax$7,882

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

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 width10 ft

Buildable depth0 ft

Area~56 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 56 sqft buildable area.

Est. units

Yield on cost

49.8%

Spread

+44.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1929 EMERSON AVE S MINNEAPOLIS MN 55403	C ANDERSON & A ANDERSON	TOWNHOUSE	$493,300	20 ft
1931 EMERSON AVE S MINNEAPOLIS MN 55403	ROBIN M KEYWORTH	TOWNHOUSE	$489,000	42 ft
1921 EMERSON AVE S MINNEAPOLIS MN 55403	JORDON FISKE	TOWNHOUSE	$498,600	46 ft
1923 EMERSON AVE S MINNEAPOLIS MN 55403	JANET L CLYMER	TOWNHOUSE	$463,300	50 ft
1925 EMERSON AVE S MINNEAPOLIS MN 55403	A P BOUTZ & V BLOMBERG	TOWNHOUSE	$475,100	55 ft
1933 EMERSON AVE S MINNEAPOLIS MN 55403	RHONDA C ANDERSON TR ET AL	TOWNHOUSE	$499,700	63 ft
1934 DUPONT AVE S MINNEAPOLIS MN 55403	CARROLL J BARNES	TOWNHOUSE	$449,000	68 ft
1932 DUPONT AVE S MINNEAPOLIS MN 55403	B P DUNCANSON & H RIE	TOWNHOUSE	$471,900	85 ft
1935 EMERSON AVE S MINNEAPOLIS MN 55403	JONATHAN PETER TOLINS	TOWNHOUSE	$487,900	87 ft
1930 DUPONT AVE S MINNEAPOLIS MN 55403	KATHY G WISSER REVOC TRUST	TOWNHOUSE	$472,900	103 ft

Property History

Most Recent Sale

Date200511

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,882