3520 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 0202824310131

Property Overview

Parcel ID0202824310131

Lot Size5,079 sq ft (0.117 ac)

Lot Dimensions (est.)122 ft wide × 42 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerAMANDA L NYREN

Assessed Value$285,400

Land Value$92,000

Building Value$193,400

Annual Tax$4,340

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

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 width32 ft

Buildable depth81 ft

Area~2,592 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 2,592 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
3516 ELLIOT AVE MINNEAPOLIS MN 55407	LAURA D FYFE & ROSS FYFE	RESIDENTIAL	$306,800	42 ft
3524 ELLIOT AVE MINNEAPOLIS MN 55407	KARL W WIGERT	RESIDENTIAL	$283,000	52 ft
3530 ELLIOT AVE MINNEAPOLIS MN 55407	CHARLYNN OVERVOORDE	RESIDENTIAL	$403,800	101 ft
3521 CHICAGO AVE MINNEAPOLIS MN 55407	BUILDINGS PROP HOLDING LLC	LAND-COMMERCIAL	$0	137 ft
821 35TH ST E MINNEAPOLIS MN 55407	LAND STEWARDSHIP LEGACY LLC	COMMERCIAL-PREFERRED	$0	150 ft
3529 CHICAGO AVE MINNEAPOLIS MN 55407	BLDGS PROPERTIES HOLDING LLC	COMMERCIAL-PREFERRED	$0	151 ft
3536 ELLIOT AVE MINNEAPOLIS MN 55407	JEFFERY HOELSCHER	RESIDENTIAL	$246,500	152 ft
3515 CHICAGO AVE MINNEAPOLIS MN 55407	BUILDINGS PROP HOLDING LLC	COMMERCIAL-PREFERRED	$0	161 ft
3521 ELLIOT AVE MINNEAPOLIS MN 55407	A WHEATLEY & B WHEATLEY	RESIDENTIAL-TWO UNIT	$323,300	184 ft
3517 ELLIOT AVE MINNEAPOLIS MN 55407	GEORGE J FARRAH/HEIDI FARRAH	RESIDENTIAL	$324,100	188 ft

Property History

Most Recent Sale

Date200810

Price$118,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,340