3524 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 0202824310077

Property Overview

Parcel ID0202824310077

Lot Size7,606 sq ft (0.175 ac)

Lot Dimensions (est.)123 ft wide × 62 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerKARL W WIGERT

Assessed Value$283,000

Land Value$109,000

Building Value$174,000

Annual Tax$4,710

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 2025 · $10K total declared value · Most recent: Mar 2025 (misc)

MiscMar 2025Final Inspection

$10K

Bison Builders Inc

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

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 96

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 width52 ft

Buildable depth83 ft

Area~4,299 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 4,299 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3530 ELLIOT AVE MINNEAPOLIS MN 55407	CHARLYNN OVERVOORDE	RESIDENTIAL	$403,800	49 ft
3520 ELLIOT AVE MINNEAPOLIS MN 55407	AMANDA L NYREN	RESIDENTIAL	$285,400	52 ft
3516 ELLIOT AVE MINNEAPOLIS MN 55407	LAURA D FYFE & ROSS FYFE	RESIDENTIAL	$306,800	94 ft
3536 ELLIOT AVE MINNEAPOLIS MN 55407	JEFFERY HOELSCHER	RESIDENTIAL	$246,500	100 ft
3529 CHICAGO AVE MINNEAPOLIS MN 55407	BLDGS PROPERTIES HOLDING LLC	COMMERCIAL-PREFERRED	$0	135 ft
3538 ELLIOT AVE MINNEAPOLIS MN 55407	LACIE J LAURENT	RESIDENTIAL	$271,000	148 ft
3521 CHICAGO AVE MINNEAPOLIS MN 55407	BUILDINGS PROP HOLDING LLC	LAND-COMMERCIAL	$0	154 ft
3533 CHICAGO AVE MINNEAPOLIS MN 55407	ROMA PROPERTY MANAGEMENT LLC	RESIDENTIAL	$228,000	157 ft
3525 ELLIOT AVE MINNEAPOLIS MN 55407	LISA MORGAN HOLT	RESIDENTIAL	$396,000	184 ft
3537 CHICAGO AVE MINNEAPOLIS MN 55407	DAVID HALVORSON	RESIDENTIAL	$207,000	187 ft

Property History

Most Recent Sale

Date200204

Price$149,900

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,710