2101 27TH AVE S MINNEAPOLIS MN 55406

PID: 3602924120017

Property Overview

Parcel ID3602924120017

Lot Size6,333 sq ft (0.145 ac)

Lot Dimensions (est.)158 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARK L ARNESON

Assessed Value$405,700

Land Value$145,000

Building Value$260,700

Annual Tax$6,280

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

1 permit on record since 2018 · Most recent: Nov 2018 (res)

ResNov 2018Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 depth118 ft

Area~3,550 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 3,550 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
2025 27TH AVE S MINNEAPOLIS MN 55406	BRET D PEARSON	RESIDENTIAL-TWO UNIT	$349,200	40 ft
2105 27TH AVE S MINNEAPOLIS MN 55406	JAMES BRUCE MOURITSEN	RESIDENTIAL-TWO UNIT	$482,600	40 ft
2021 27TH AVE S MINNEAPOLIS MN 55406	P P OKERSTROM/M P OKERSTROM	RESIDENTIAL-TWO UNIT	$453,700	80 ft
2109 27TH AVE S MINNEAPOLIS MN 55406	R P HOUSER & B P HOUSER	RESIDENTIAL	$307,400	80 ft
2019 27TH AVE S MINNEAPOLIS MN 55406	VICTORIA SIMMONDS	RESIDENTIAL-TWO UNIT	$364,100	120 ft
2113 27TH AVE S MINNEAPOLIS MN 55406	2113 27TH AVE S LLC	TRIPLEX	$459,800	120 ft
2013 27TH AVE S MINNEAPOLIS MN 55406	K N MAURER LIFETIME QTIP TR	COMMERCIAL-PREFERRED	$158,800	160 ft
2100 28TH AVE S MINNEAPOLIS MN 55406	KAREN B THOMPSON ET AL	RESIDENTIAL	$499,800	172 ft
2104 28TH AVE S MINNEAPOLIS MN 55406	PATRICIA M DAHLEN	RESIDENTIAL	$355,600	176 ft
2024 28TH AVE S MINNEAPOLIS MN 55406	K ENGELSGJERD & P SLAVEN	RESIDENTIAL	$380,500	177 ft

Property History

Most Recent Sale

Date198912

Price$64,250

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,280