2317 27TH AVE S MINNEAPOLIS MN 55406

PID: 3602924120177

Property Overview

Parcel ID3602924120177

Lot Size6,880 sq ft (0.158 ac)

Lot Dimensions (est.)156 ft wide × 44 ft deep

Year Built1916

Property ClassRESIDENTIAL-TWO UNIT

OwnerM J JONES & K SHELTON

Assessed Value$421,700

Land Value$149,000

Building Value$272,700

Annual Tax$8,008

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

No permits found in Minneapolis open data for this parcel.

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 width34 ft

Buildable depth116 ft

Area~3,956 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 3,956 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2315 27TH AVE S MINNEAPOLIS MN 55406	MICHAEL H & CAROLYN A BROWN	RESIDENTIAL-TWO UNIT	$432,200	44 ft
2319 27TH AVE S MINNEAPOLIS MN 55406	NICKIA JENSEN/ERIKA LINDER	RESIDENTIAL-TWO UNIT	$510,000	44 ft
2307 27TH AVE S MINNEAPOLIS MN 55406	DONOVAN WALKER	TRIPLEX	$492,300	88 ft
2323 27TH AVE S MINNEAPOLIS MN 55406	JEREMY RAY REIMER	RESIDENTIAL-TWO UNIT	$422,300	88 ft
2303 27TH AVE S MINNEAPOLIS MN 55406	C L MECKEL & J A BENSON	RESIDENTIAL	$480,700	132 ft
2327 27TH AVE S MINNEAPOLIS MN 55406	TUSHAR R MARATHE	APARTMENT	$581,000	133 ft
2718 24TH ST E MINNEAPOLIS MN 55406	SHELDON W MAINS & WIFE	RESIDENTIAL	$394,200	146 ft
2316 28TH AVE S MINNEAPOLIS MN 55406	MARINA H LUGER	RESIDENTIAL-TWO UNIT	$461,800	172 ft
2312 28TH AVE S MINNEAPOLIS MN 55406	F A KREIDER & A L R KREIDER	RESIDENTIAL	$459,800	174 ft
2221 27TH AVE S MINNEAPOLIS MN 55406	TINA GRAHAM	RESIDENTIAL-TWO UNIT	$516,700	176 ft

Property History

Most Recent Sale

Date202301

Price$392,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,008