2727 HARRIET AVE MINNEAPOLIS MN 55408

PID: 3402924320191

Property Overview

Parcel ID3402924320191

Lot Size5,208 sq ft (0.120 ac)

Lot Dimensions (est.)135 ft wide × 39 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerN A KIRBY JR & DIANN M KIRBY

Assessed Value$420,900

Land Value$125,000

Building Value$295,900

Annual Tax$7,962

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

Minneapolis

Median reported rent1,165/mo

Renter-occupied89.9%

Median home value$346K

Vacancy rate10.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1070

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width29 ft

Buildable depth94 ft

Area~2,714 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 2,714 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2729 HARRIET AVE MINNEAPOLIS MN 55408	I E BJERKNES & D L BJERKNES	RESIDENTIAL-TWO UNIT	$350,100	39 ft
2723 HARRIET AVE MINNEAPOLIS MN 55408	SUSAN S WILLIAMS TRUST ET AL	RESIDENTIAL	$543,300	39 ft
2731 HARRIET AVE MINNEAPOLIS MN 55408	MICAH R GODFREY	RESIDENTIAL-TWO UNIT	$551,800	77 ft
2721 HARRIET AVE MINNEAPOLIS MN 55408	RONNIE R BEESE	RESIDENTIAL	$314,100	77 ft
2719 HARRIET AVE MINNEAPOLIS MN 55408	REBECCA ANN MCCANN	RESIDENTIAL	$226,700	111 ft
2733 HARRIET AVE MINNEAPOLIS MN 55408	J B AZPIRI/P D A CABRAL	RESIDENTIAL	$433,600	119 ft
2726 GRAND AVE S MINNEAPOLIS MN 55408	TAYLOR CHAPMAN	RESIDENTIAL-TWO UNIT	$365,500	134 ft
2724 GRAND AVE S MINNEAPOLIS MN 55408	BRITTANY PETROS	RESIDENTIAL-TWO UNIT	$322,200	140 ft
2717 HARRIET AVE MINNEAPOLIS MN 55408	ELARA WILLETT & JAMES QUADRI	RESIDENTIAL	$281,700	140 ft
2732 GRAND AVE S MINNEAPOLIS MN 55408	BRIAN CRONEN	CONDOMINIUM	$100,000	146 ft

Property History

Current Tax Year

Year2026

Tax Due$7,962